
Chicago’s elite university undertakes sweeping budget reductions amid $288 million shortfall – The Times of India
Image credit: (AP Photo/Erin Hooley) The University of Chicago is confronting one of the most significant financial challenges in recent years, as escalating costs, shrinking revenue streams, and long-term structural deficits converge to threaten its fiscal stability. With a $288 million shortfall in 2024 against a $3.2 billion operating budget, the institution has unveiled a…