USC slashing benefits for NMF

[Anonymous]

Anonymous wrote:Why do they even need this anyway?
No one else does this.

Agree. They should just stop.

[Anonymous]

From the USC subreddit:

They've cut a lot of funding for programs, student scholarships, faculty pay/raises, and miscellaneous things (library hours, etc.). No one except a few people in upper admin really knows how bad it is; the deficit this year was 158 million but USC suffered 586 million during covid and there weren't substantial changes like this, so people suspect things are worse than USC makes it appear.

The Faculty are trying to unionize and have issued resolutions to admin to try and get more transparency about the budget situation, but admin doesn't really bite.

[Anonymous]

Anonymous wrote:From the USC subreddit:

They've cut a lot of funding for programs, student scholarships, faculty pay/raises, and miscellaneous things (library hours, etc.). No one except a few people in upper admin really knows how bad it is; the deficit this year was 158 million but USC suffered 586 million during covid and there weren't substantial changes like this, so people suspect things are worse than USC makes it appear.

The Faculty are trying to unionize and have issued resolutions to admin to try and get more transparency about the budget situation, but admin doesn't really bite.

+1. This. It's a serious situation. Meanwhile costs of attendance has surpassed $95k a year

[Anonymous]

Anonymous wrote:

Anonymous wrote:another overrated school that tries to buy it’s way to perceivdd selectivity via scholarships

What does this even mean? USC is a selective institution. If it’s so easy to get into, have your child apply as a safety.

Anyone in higher ed can tell you exactly what this means. Or any Californian over 40.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:another overrated school that tries to buy it’s way to perceivdd selectivity via scholarships

What does this even mean? USC is a selective institution. If it’s so easy to get into, have your child apply as a safety.

Anyone in higher ed can tell you exactly what this means. Or any Californian over 40.

+1
Let me guess, PP, you think Northeastern is better than Swarthmore because it has a one point lower acceptance rate?

[Anonymous]

Anonymous wrote:USC is #18 among all private colleges for endorsement. One of the last schools to worry about.

Or you could google first before sharing your ignorance with the world. A month ago on Nov 20, Annenberg media announced that USC had a 158 million dollar deficit for 2023-2024. https://www.uscannenbergmedia.com/2024/11/20/usc-spent-158-million-more-than-what-it-earned-in-2023-2024-fiscal-year/#:~:text=In%20an%20email%20to%20faculty,of%20the%20university's%20total%20budget.

[Anonymous]

USC is not going anywhere, but they are definitely in cost cutting mode. Its been reported USC has cut employee benefits with hiring freezes and layoffs. There were mentions on social media about cuts to the student newspaper.

[Anonymous]

Anonymous wrote:

Anonymous wrote:From the USC subreddit:

They've cut a lot of funding for programs, student scholarships, faculty pay/raises, and miscellaneous things (library hours, etc.). No one except a few people in upper admin really knows how bad it is; the deficit this year was 158 million but USC suffered 586 million during covid and there weren't substantial changes like this, so people suspect things are worse than USC makes it appear.

The Faculty are trying to unionize and have issued resolutions to admin to try and get more transparency about the budget situation, but admin doesn't really bite.

+1. This. It's a serious situation. Meanwhile costs of attendance has surpassed $95k a year

Do you have a student enrolled at USC?

[Anonymous]

Anonymous wrote:

Anonymous wrote:USC is #18 among all private colleges for endorsement. One of the last schools to worry about.

You really must be out of the loop. The college is in a pretty bad financial decision and has been making deep cuts for over a year. Having a lot of money in the endowment can’t save you from day to day operations and billions in lawsuit damages.

Don’t they charge 90k a year? Not worth it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:USC is #18 among all private colleges for endorsement. One of the last schools to worry about.

You really must be out of the loop. The college is in a pretty bad financial decision and has been making deep cuts for over a year. Having a lot of money in the endowment can’t save you from day to day operations and billions in lawsuit damages.

Don’t they charge 90k a year? Not worth it.

It’s getting dangerously close to $100k for budget cuts.

[Anonymous]

USC is so not worth it that it receives tens of thousands more applications than seats, celebrities want to bribe their kids into the school for $500,000, they have one of the highest SAT averages of any school in the country, have a kick butt sports tradition, a top business school, incredible law school.

Yeah. It might as well fold up shop now.

[Anonymous]

Anonymous wrote:USC is so not worth it that it receives tens of thousands more applications than seats, celebrities want to bribe their kids into the school for $500,000, they have one of the highest SAT averages of any school in the country, have a kick butt sports tradition, a top business school, incredible law school.

Yeah. It might as well fold up shop now.

I mean, this can all be true and it’s lousy with its money. Like awesome that celebrities want their kids to go, but are we gonna deny celebrity culture of sexual assault and the 1 billion dollar law suit the school settled on for assault? I’m happy that some red carpet child who will have a $5,000/month apartment in Westwood and go on consistent international trips will not suffer much from budget cuts, but the rest of the school- you know, the normal people- do experience it and can’t just “well famous people wanna go here” away from that situation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:USC is #18 among all private colleges for endorsement. One of the last schools to worry about.

You really must be out of the loop. The college is in a pretty bad financial decision and has been making deep cuts for over a year. Having a lot of money in the endowment can’t save you from day to day operations and billions in lawsuit damages.

Don’t they charge 90k a year? Not worth it.

$95k now

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From the USC subreddit:

They've cut a lot of funding for programs, student scholarships, faculty pay/raises, and miscellaneous things (library hours, etc.). No one except a few people in upper admin really knows how bad it is; the deficit this year was 158 million but USC suffered 586 million during covid and there weren't substantial changes like this, so people suspect things are worse than USC makes it appear.

The Faculty are trying to unionize and have issued resolutions to admin to try and get more transparency about the budget situation, but admin doesn't really bite.

+1. This. It's a serious situation. Meanwhile costs of attendance has surpassed $95k a year

Do you have a student enrolled at USC?

It was announced Nov 20 that USC spent 158 milllion more that it took in last year. How is that not serious?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:another overrated school that tries to buy it’s way to perceivdd selectivity via scholarships

What does this even mean? USC is a selective institution. If it’s so easy to get into, have your child apply as a safety.

Anyone in higher ed can tell you exactly what this means. Or any Californian over 40.

+1
Let me guess, PP, you think Northeastern is better than Swarthmore because it has a one point lower acceptance rate?

Let me see a BSCS with an artificial intelligence path from Northeastern or Swarthmore where you might be able to take a class from a professor who heard about this AI thing.

Don't be naive. USC isn't the USC of the 1980's, the Univ of Spoiled Children. Look at the rankings of its programs then get back to me.
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