Reply to Syracuse University issues financial warning as admissions slump: We’re in the red

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Reply to "Syracuse University issues financial warning as admissions slump: We’re in the red"

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[quote=Anonymous][quote=Anonymous]Syracuse is running a budget deficit due to declining enrollment.  The last thing it should do is tap its endowment (which is mostly restricted  anyways).  It needs to cut expenses.[/quote]

I listened to a podcast this morning about Syracuse. The speaker agrees that cutting expenses and developing a core focus is necessary.

The other key point made is that Syracuse is in a challenging place in the market. There are not many private schools with 15,000 students. And Suracuse is an high tuition enterprise.  And historically Syracuse’s brand has been wrapped around top level D1 athletics and a robust research portfolio. Both are really expensive to sustain in the current environment. The days of Donovan McNabb leading a top 10 football team or Syracuse making a final four in basketball likely aren’t coming back soon. D1 athletics in the NIL era cost a fortune.  And Syracuse dropped AAU research membership in 2011 for a reason - the association had narrow (to Syracuse) and expensive research criteria.

Virtually all schools are facing a demographic cliff but in a number of ways Syracuse’s challenges are its own.

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