June 22, 2024

UD outlines financial pressures for Joint Finance Committee | The Latest from WDEL News

Higher costs are facing higher education, and that’s leading to unpleasant choices at the University of Delaware.

UD is one institution of higher learning that receives funding in the state budget. President Dr. Dennis Assanis appeared this week before the General Assembly’s Joint Finance Committee, which is reviewing Governor John Carney’s budget proposal for Fiscal Year 2025.

Assanis said the University of Delaware wants to become an even more attractive place for potential students, and hopes to see an increase in admissions of applicants from Delaware. UD hopes to grow the First State Promise Program that helps families pay for higher education and encourages Delawareans to stay in the state. Also, the university wants to continue developing the DSU-UD Dual Degree Program.

However, Assanis said the University of Delaware is looking for relief from rapidly escalating healthcare costs.

“Higher personnel costs especially for healthcare have made it more expensive for UD to attract and retain the excellent faculty and staff members who are essential to providing our students with great educational opportunities,” Assanis said.

Assanis added that the University of Delaware is dealing with other financial pressures: higher costs for goods and services, a commitment to paying prevailing wage on capital projects, and attempting to keep tuition and costs affordable. Assanis said some capital projects are being put on pause, but deferring projects raises costs in the future.

“We’re going to take significant measures, ranging from freezing hirings to spending on any kind of discretionary things…. but, at the same time, we need your help,” Assanis told JFC members.

Click here to download the updated WDEL app – the new home to WDEL’s stream.  Plus, get breaking news notifications sent right to your mobile device.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more