Interview with the CU president in today's Press-Enterprise: They haven't balanced the budget since the merger and workforce reduction isn't going to do it. 2026-2027 projects a 13.5 million shortfall which will deplete savings and result in 1.5 million in debt they can't pay, that includes the 4.3% tuition hike. In 2029 the debt will increase to 32 million without more help from the state. In the past, enrollment projections were overly optimistic, and the state overestimated the saving that could be achieved through consolidation. Expenses have increased with weight loss drugs now accounting for a 7 million dollar increase across SSHE. The plan is to reduce the foot print of campuses by closing or tearing down buildings. Bloom is currently demolishing Waller Administration building, and next year goes Old Science. Mansfield needs to reduce it's costs and infrastructure for long-term sustainability. CU also needs to decrease its 23 million in scholarships which is more than the 19.5 million West Chester gives out.
Rebranding the campuses as CU "is not going to happen", they will continue to use their current names. The president said Penn Western University "marketed its rebrand heavily", but CU never did and students don't identify as CU and the "campus community does not want it". "It is clear to me the legacy identities are what will continue to drive success and enrollment......It is clear to me the communities ,students, alumni and donors want to maintain a legacy identity and there is no reason for us not to......Right now I see CU as a parent company with three subsidiaries. They are one balance sheet, one budget and one set of finances......they are back-end things that don't matter to students."
No name changes on campus, few CU apparel available anywhere, and nobody yelling CU at games.
(And no I don't have a link. I still use paper products.)
Rebranding the campuses as CU "is not going to happen", they will continue to use their current names. The president said Penn Western University "marketed its rebrand heavily", but CU never did and students don't identify as CU and the "campus community does not want it". "It is clear to me the legacy identities are what will continue to drive success and enrollment......It is clear to me the communities ,students, alumni and donors want to maintain a legacy identity and there is no reason for us not to......Right now I see CU as a parent company with three subsidiaries. They are one balance sheet, one budget and one set of finances......they are back-end things that don't matter to students."
No name changes on campus, few CU apparel available anywhere, and nobody yelling CU at games.
(And no I don't have a link. I still use paper products.)
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