A recent survey by the American Association of University Professors (AAUP) found that the average faculty pay in the U.S. decreased by 0.4% in 2021. However, faculty pay in some institutions increased this year because some of the lowest-paid professors were laid off due to the pandemic. It is worth noting that salaries don’t reflect […]
Category: COVID-19
Jun 23, 2021
Mar 18, 2021
The higher education system in America remains in jeopardy of declining due to lost revenue from pandemic shutdowns. Both the Trump and Biden administrations have taken steps to get economic relief to Americans, small businesses, and educational institutions. Here are details about the Congressional agreement on COVID-19 that could bring relief to campuses across the […]
Feb 18, 2021
According to the New York Times, many American universities and colleges have either opted for online classes or delayed the beginning of their spring semester to prevent the spread of coronavirus on their campuses. Because of the fear that students may bring the virus into campus dorms and eventually spread it to surrounding communities, some […]
Feb 04, 2021
On December 24th, 2020, President Trump signed into law the latest COVID stimulus bill, effectively granting American colleges and universities $23 billion from the $900 billion coronavirus stimulus bill. However, the American Council of Education has described this amount as “wholly inadequate.” Higher education representatives were advocating for a $120 billion relief package to help […]
Jan 21, 2021
Per the U.S. Bureau of Labor Statistics (BLS), the country’s unemployment rate hit a record peak of 14.7% in April 2020, with colleges laying off at least 10% of their employees, due to the COVID-19 recession. According to the Chronicle of Higher Education, more than 50,900 employees from 218 universities and colleges across the country […]
Nov 12, 2020
The financial picture of education has left many colleges in a somewhat dismal state regarding moving forward during the pandemic. Administrators now face the additional issue of educating faculty members about economic shortfalls related to education funding caused by COVID-19. Even if faculty understood the campus money, there’s still no guarantee schools would be saved […]
Oct 22, 2020
The pandemic has taken a toll on the financial health of college campuses across the nation, particularly in Texas. The pandemic has drained $11.5 billion in the state’s budget, as Texas A&M coronavirus fallout has led to $147 million in lost revenue. The governor has asked state agencies, including colleges, to plan on tighter budgets. […]
Oct 08, 2020
While many employers still anticipate an economic rebound in 2021, the first decline in the salary increase budget in 12 years has become evident, following a 2020 midyear survey of businesses. Here are some key results related to expected salary projections for the coming year: Salary Increase Budget Decline Projected for the First Time since […]
Sep 24, 2020
COVID-19 has wreaked financial havoc across many industries, including higher education. The pandemic and mass shutdowns have led to rising college layoffs and furloughs. While online learning can be a solution, university administrators must still work with tight budgets and weigh the costs of financial havoc during COVID-19. Financial Challenges for Universities In the year […]
Jul 09, 2020
The COVID- 19 pandemic has led to massive unemployment across the world, particularly in the US. While several corporate businesses are laying off employees with years of experience, universities and colleges are doing the same with their non-tenure-track and online adjunct faculty. The Plight of Faculty Members Money Matters With several projects delayed and admissions […]