Reply to Amid debt crisis, Barnard quietly cancels annual financial aid fundraising gala

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[quote=Anonymous][quote=Anonymous]From the 2nd article:

Facing operating deficits exceeding $20 million in back-to-back fiscal years, Barnard has implemented a series of aggressive measures, including sweeping staff layoffs, restricting cross enrollment at Columbia, and a tuition hike that placed Barnard among the most expensive colleges in the United States. Those efforts appear to have worked.

But the deficit reduction comes amid a shrinking donations outlook and expanded borrowing activity tied to refinancing existing debt and financing major capital projects. While the deficit narrowed, Barnard’s debt rose sharply, jumping from approximately $184 million in fiscal year 2024 to about $274 million in fiscal year 2025.

In a financial summary sent to the Barnard community Jan. 28, the college reported a sharp decline in the operating deficit to $1.7 million, marking a dramatic reversal from recent years of sustained losses, driven by efforts to align spending with revenue.[/quote]

The debt increase is likely meaningless - a decent sized university issuing $100 million of bonds is nothing - might be just a timing issue - if they have a big project to finance, they do it.

The rest of the items are more concerning though I'm still not worried about the long-term viability of Barnard. Tons of people still want to go there so they can just jack up tuition more.[/quote]

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