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The University of Chicago, which funds the Marine Biological Laboratory, is running up a multi-million-dollar deficit. A professor at the university says the school is taking on expensive research projects—like
As a humanities and social sciences student in the College, I have closely followed professor Clifford Ando’s public inquiry into our University’s precarious and increasingly harmful financial position. In an early assessment, Ando estimated that about half of all undergraduate tuition—the mainspring of the University’s discretionary budget—simply went to servicing, not even paying down, about...
The University finds itself grappling with ballooning costs and a dramatically increased budget deficit. These changes are causing severe financial pressures as UChicago has attempted to catapult itself into contention with universities that have far larger endowments over the past two decades. Provost Katherine Baicker and newly appointed Chief Financial Officer Ivan Samstein provided details...
Fearing pressure on the humanities, professor runs the numbers and sees his elite institution in danger of falling short
Classics professor Clifford Ando highlights University financial concerns and cautions against degrading Humanities and Social Sciences Divisions in cost-cutting efforts.