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[quote=Anonymous][quote=Anonymous]Drew recently sold a huge parcel of its land as part of its plan to remain financially viable. Time will tell if it can get back on firm footing.

https://thedrewacorn.com/2024/11/22/breaking-news-drew-university-agrees-to-sell-the-forest-to-borough-of-madison/amp/[/quote]

Here’s an update from last month on the status of the deal:

[url] https://www.dailyrecord.com/story/news/2025/07/11/drew-university-forest-nj-new-homes-preservation-deal/84517376007/[/url]

It seems as though the deal is not finalized, and Drew really needs more money to survive.

Drew ran a 12.7 million dollar operating deficit in fiscal 2023 and a 14.6 million deficit in fiscal 2024. They have 68 million in bond debt, and have borrowed 64 million total from their endowment to fund operations as of the end of fiscal 2024. That money also has to be paid back.

Since 2021 they have been on Heightened Cash Monitoring with the Department of Education.

These are the reasons Forbes has their finances ranked so low.

I know they reached their enrollment target for fall 2024, but I’m not sure about fall 2025.

It is a beautiful campus with easy access to New York City. I am an early 90s alum and loved my time there, but I wouldn’t send my own child there today because I can’t be sure the school will last another four years. I’m really sorry to have to say that, and I do hope they make it.

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