This week in the education sector, there have been significant developments ranging from Catholic universities merging to public institutions making faculty cuts. Let’s break down some of the key numbers from these stories.
Firstly, St. Ambrose University and Mount Mercy University in Iowa are set to merge, with the campuses located approximately 80 miles apart. This strategic move aims to combine resources and cut costs for both Catholic institutions.
On the other hand, Frostburg State University in Maryland plans to eliminate 30 faculty positions by the fall of 2025 to address a $7.7 million budget deficit. Additionally, they anticipate cutting a further 15 jobs by the spring of 2026.
In a different scenario, Liberty University has acquired the educational components of Virginia Technical Institute after collaborating for over a decade on technical studies programs. This acquisition is intended to offer students alternative career pathways that do not necessarily require a traditional four-year degree.
In a philanthropic gesture, Bloomberg Philanthropies is donating a substantial $600 million to support the endowments of the nation’s four historically Black medical colleges. This initiative aims to promote diversity within the medical field. Furthermore, $5 million is being contributed to the Xavier Ochsner College of Medicine, a new institution opening in New Orleans.
Lastly, there might be a delay of up to two months in the full release of the Free Application for Federal Student Aid (FAFSA) this year. The U.S. Department of Education plans to conduct testing on the 2025-26 FAFSA with a limited group of students and colleges starting on October 1. The form is expected to be available to all applicants by December 1.
These numbers reflect the diverse landscape of higher education, showcasing the various challenges and opportunities faced by institutions across the country. From mergers to budget cuts to philanthropic donations, the education sector continues to evolve and adapt to meet the changing needs of students and society.
