U Chicago financial woes

[Anonymous]

Never would have expected this!

https://chicagomaroon.com/40872/news/expect-growing-pains-university-presentation-reveals-severe-financial-pressures/

“ While UChicago’s investments have allowed it to punch above its weight for decades, rising interest rates and a drop in operating income have necessitated a range of cost-cutting measures, including a temporary staff hiring freeze and voluntary staff retirement packages, as well as budget cuts for programs across the University.”

“ Since 2013, UChicago has seen a 25 percent student enrollment increase across its undergraduate, Ph.D., masters, and professional divisions. This increase is one of the highest among UChicago’s Ivy Plus peer group, second only to Columbia’s 27 percent student enrollment increase during the same time period.

However, UChicago’s 2022 endowment market value of $10.3 billion stood lower than many of its peer institutions. ”

[Anonymous]

Maybe they should stop spending so much money marketing to literally every HS senior just to increase their rejection rate and appear more selective.

[Anonymous]

Anonymous wrote:Maybe they should stop spending so much money marketing to literally every HS senior just to increase their rejection rate and appear more selective.

My kid literally got something every day since last July and he didn’t apply there. It got so annoying.

[Anonymous]

UChicago is known for its economic/finance depts. It's econ is associated with no less than 16 nobel prize winners. Yet, it is struggling financially. Go figure.

[Anonymous]

+1 Exactly

[Anonymous]

Anonymous wrote:Maybe they should stop spending so much money marketing to literally every HS senior just to increase their rejection rate and appear more selective.

I agree with this statement

[Anonymous]

Anonymous wrote:UChicago is known for its economic/finance depts. It's econ is associated with no less than 16 nobel prize winners. Yet, it is struggling financially. Go figure.

Is a 10.3 nillion endowment really struggling?

[Anonymous]

Anonymous wrote:UChicago is known for its economic/finance depts. It's econ is associated with no less than 16 nobel prize winners. Yet, it is struggling financially. Go figure.

Economics is a social science, where being right doesn't matter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:UChicago is known for its economic/finance depts. It's econ is associated with no less than 16 nobel prize winners. Yet, it is struggling financially. Go figure.

Is a 10.3 nillion endowment really struggling?

Yeah go figure - it will be in top 15 according US News - https://www.usnews.com/education/best-colleges/the-short-list-college/articles/10-universities-with-the-biggest-endowments

[Anonymous]

Strength of endowment is relative to costs. Also, their endowment is far smaller than HPY.

[Anonymous]

They’d have more money if they stopped spamming the entire country to beg for applicants.

[Anonymous]

Anonymous wrote:

Anonymous wrote:UChicago is known for its economic/finance depts. It's econ is associated with no less than 16 nobel prize winners. Yet, it is struggling financially. Go figure.

Economics is a social science, where being right doesn't matter.

Turtles all the way down. Since "associated" is sufficient, buyout packages should be ready to go.

[Anonymous]

Anonymous wrote:They’d have more money if they stopped spamming the entire country to beg for applicants.

Good luck with that, the deficit solution they're contemplating is expanding professional programs. They already have you're kid's address, now they can send you brochures, too.

[Anonymous]

This is a really bad sign for higher Ed in general. The top 10 endowments in terms of size are:

HPSM, Penn, Yale, Notre Dame, UT system, UMich, Northwestern, Columbia, Duke.

UChicago is ~15th largest endowment. If they’re talking about struggles, what does that say for the thousands of institutions not as financially blessed?

[Anonymous]

Anonymous wrote:This is a really bad sign for higher Ed in general. The top 10 endowments in terms of size are:

HPSM, Penn, Yale, Notre Dame, UT system, UMich, Northwestern, Columbia, Duke.

UChicago is ~15th largest endowment. If they’re talking about struggles, what does that say for the thousands of institutions not as financially blessed?

I only see UChicago and Swarthmore with their desperation to get students to apply. There may be more to Swarthmore than meets the eye. It may be cash strapped like UChicago. The rest of the US universities aren't as desperate as these two. Most of them are fine.