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Budget Crunch

College Matters from The Chronicle · Oct 21, 2026 · 30m

Colleges across the country are cutting programs and slashing budgets on a grand scale. What began as a slow trickle from some seemingly unlikely places, like Princeton and MIT, has become a sector-wide deluge. Wealthy private colleges, major public research universities, and lower-resourced institutions alike are eliminating courses of study, laying off staff, and cutting some faculty jobs. How bad is it out there, really? And how will these cuts define the next era of higher education?

The skinny

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