
by James A. Bacon
In anticipation of shrinking numbers of college-bound students, the University of Lynchburg has taken proactive steps to reduce its cost structure. A small private institution affiliated with the Church of Christ, the university has announced that it is cutting employee headcount by 10%, with further reductions over the next three years.
Staff positions will be eliminated immediately; faculty positions will be phased out through retirements and reassignments, reports WSET News.
“Lynchburg is closing 12 undergraduate programs and 5 graduate programs, impacting a total 4.5% of students,” the University said in a press release. “Currently 70% of undergraduate students are studying in eight majors, and 95% of students are in 21. The university offers 51 majors.”
Everyone in higher education knows that the demographic tsunami is coming. Everyone knows that competition will heat up for a smaller number of students. Everyone knows that pressure will intensify to admit less-academically-qualified students and students with greater financial need. Institutions that freeze with indecision about what to do will find themselves burdened with unsustainable overhead and bleeding financial reserves. University of Lynchburg leadership was wise to make the hard decisions before encountering a fiscal crisis. (more…)













