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Reply to "Best known schools most likely to close over next 10 years"
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[quote=Anonymous][quote=Anonymous]Not just the small schools...Clemson is $1.5B in debt. Syracuse is closing or pausing 93 programs, UNC-Chapel Hill plans to cut spending by $89M over 3 years. Duke recently let 600 employees go in a $350M budget cut. Indiana public colleges announced a plan to eliminate or merge 580 programs statewide. This is what happens when you cut research funding and tell international student they are not welcome in the US.[/quote] Everybody is in a bad budget cycle now. It’s different if your endowment is 50x your budget deficit versus if your endowment is 5x your budget deficit though. The schools that have to will burn endowment prior to closing or defaulting on debt. [/quote]
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