The New School in New York City is reducing its faculty and staff by 15% as part of a financial reorganization. This decision stems from a $48-million deficit and declining enrollment. The institution aims to address these pressures through cost-cutting measures.
Key Points
- 15% reduction in faculty and staff
- $48-million budget deficit
- Decline in enrollment contributing to financial strain
Implications for Educational Freedom
This development highlights financial challenges in higher education but has no direct implications for K-12 school choice, ESAs, vouchers, or parental rights. It may indirectly underscore the need for innovative funding models in education to promote institutional freedom.
Source: The New School Will Reduce Faculty and Staff by 15% Amid a Financial Reorganization
