Quinnipiac University Cutting Faculty Salaries Due to Coronavirus
“disruptions caused by Covid-19 have resulted in significant additional expenses for our university”
The school president says their finances are strong and this is just temporary.
The Fairfield Daily Voice reports:
COVID-19: Quinnipiac University Cuts Faculty, Staff Salaries
Faculty and staff at Quinnipiac University in Hamden, Connecticut will be seeing their salaries temporarily cut as a result of the novel coronavirus (COVID-19) outbreak.
The reductions, between 3 percent and 5 percent depending on salary level, will start Starting on April 1 and last until June 30.
The salary cuts also affect administrators and President Judy Olian.
“The far-reaching disruptions caused by Covid-19 have resulted in significant additional expenses for our university and lost revenues from programs that were canceled,” Oilan wrote in an email to staff members on Monday, March 23.
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Long a believer that residential private colleges in the $70+K list price range not named Princeton or Harvard were “dead men walking”, that price structure can not co-exist with what I predict will be increased distance learning as a consequence of Covid. More people will also be forced to public universities, the trades or no college at all, because of the damage to ability to pay by parents and from reduced college grants (from damaged endowments). Places like Quinnipiac and Oberlin may get a real wake-up call when they see enrollment this Fall.
There not dealing with financial problems seriously if only cutting salaries 3-5%.
At least the President of the school included herself in the cut. Sets the right tone.