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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]From the USC subreddit: [quote]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.[/quote][/quote]

+1. This. I[b]t's a serious situation[/b]. Meanwhile costs of attendance has surpassed $95k a year[/quote]
Do you have a student enrolled at USC?[/quote]

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

They have a $7 Billion endowment. They will be fine. [/quote]
Hey look! It’s another person who doesn’t understand how endowments work…at all.[/quote]

There's huge correlation between school ranking and endowment ranking for reasons.
[/quote]
Yep, cause it’s not like uchicago, a high ranked school, has had a budget crisis or anything. The denial of reality is so pathetic. It’s okay to not know everything. Sometimes, your comment just isn’t necessary.

Do I think usc is gonna default on their settlement payments? No, but it’s not like it’s in AAA+ financial health. There are many labs on campus that have closed and they’ve fired various staff in this positions, the library has reduced hours, club funding has been suspended from a lot of organizations, there’s fewer student worker jobs, dining hall hours reduced; meanwhile, the president has been spending like a mad woman on construction and millions on renovating her office annually (I’m serious).

Is USC in great health? Yes, it’s not reliant on tuition anywhere near as the profits from its hospital. But, the student experience is actively being harmed by these financial issues.[/quote]

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