Chicago’s elite university undertakes sweeping budget...

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2025-08-29 21:46:42 -

Chicago’s elite university undertakes sweeping budget reductions amid $288 million shortfall

The University of Chicago is implementing a $100 million budget reduction to address a $288 million structural deficit in 2024. The plan spans faculty hiring, graduate programs, administrative roles, and capital projects, while pausing several PhD and master’s admissions. Amid workforce reductions, the university aims to grow undergraduate enrollment, balancing fiscal discipline with...

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