Rest in Peace: College Closings

[stringbird]

This is not a closure but it seemed thematically relevant.

“UNC System exploring worst-case scenario budget cuts of up to 50%”

https://www.ncpolicywatch.com/2020/07/17/pw-exclusive-unc-system-exploring-worst-case-scenario-budget-cuts-of-up-to-50/

In the email Ramsey asks the chancellors for several documents:

*A report from each chancellor on the financial impact of closing their campus and reducing tuition and room and board fees.

*A plan from each chancellor to reduce their budgets by between 25% and 50%, to account for the reduced revenue resulting from reduced enrollment under various degrees of closure.

*A projection of how the cancellation of fall athletics will affect each campus and their specific plans for revenue shortfalls.

*A General Administration analysis of the long-term impact on “UNC institutions that have struggled financially and remain on shakier financial footing.”

“These plans should not be general in nature,” Ramsey wrote. “They should be very specific and include details of which programs will be shuttered, which positions will be furloughed, laid off or eliminated entirely and all other details of how a 25% to 50% spending reduction will be handled.”