Tuesday, January 16, 2024

Facing A Major Deficit, Bradley University To Cut 20 Academic Programs - Michael T. Nietzel, Forbes

In what has now become an almost weekly phenomenon, another financially stressed university is being forced to cut several academic programs and faculty lines in an attempt to bring its budget into balance. This time it’s Bradley University, a private institution in Peoria, Illinois, which announced on Monday it would discontinue 20 programs in order to address a $13 million budget deficit in fiscal year 2023, equal to about 10% of its operating budget. The final cuts, as reported in the Peoria Journal Star, were similar, with only a couple of exceptions, to recommendations the university had proposed last month.