Brown University is addressing a $46 million structural deficit, with projections indicating it could grow to $90 million next year. To combat this, the University will restrict faculty growth, reduce PhD admissions, limit operating expenses, and focus on increasing revenue from master’s programmes. The deficit stems from rising costs in salaries and financial aid, as well as a reliance on undergraduate tuition. Brown aims to reduce the deficit to $60 million by 2026, excluding investments in health systems.Why Brown University is Restricting Faculty Growth and Reducing PhD Admissions
Brown University is addressing a $46 million structural deficit, with projections indicating it could grow to $90 million next year. To combat this, the University will restrict faculty growth, reduce PhD admissions, limit operating expenses, and focus on increasing revenue from master’s programmes. The deficit stems from rising costs in salaries and financial aid, as well as a reliance on undergraduate tuition. Brown aims to reduce the deficit to $60 million by 2026, excluding investments in health systems.