Tag: budget
Credit rating revised to match University’s budget outlook
Moody's Investors Services revised the University of La Verne's stable outlook to negative after affirming its “A3” issuer and revenue bond rating last month.
Despite cuts, University maintains its ‘A’ credit rating
The University of La Verne was classified as financially stable after receiving an “A” rating from Fitch Ratings last month. Fitch Ratings is an organization that publishes credit ratings for corporations and other institutions based on their ability to meet financial commitments, such as paying off debts.
Sustainability plan created to address enrollment decline
With the University of La Verne facing a marked decline in student enrollment, a group of faculty and administrators are working on a "Sustainability Plan” to bridge the anticipated tuition revenue gap and hopefully reverse the trend.
La Verne faculty and staff pay lags behind inflation
In the past two years the rate of inflation has taken a sharp 7.5% increase, while staff and faculty at the University of La Verne have not seen a general, or cost of living, pay raise to correspond with it.
University suspends undergraduate tuition increase for 2021
The price of attending the University of La Verne will not increase in the 2021-22 academic year, President Devorah Lieberman announced this week in an email to the community.
Pandemic and virtual semester mean deep budget cuts, with possibly more to come
With a budget deficit of approximately $15 million due to the pandemic, and only 25% of housing and dining enrollment enrollment, the University has made financial cuts from numerous areas, while attempting to limit layoffs and furloughs of faculty and staff during these unprecedented times.