What are the financial issues with UConn?

Jeff Geoghegan, the chief financial officer for UConn and UConn Health, said the university's $70 million deficit this upcoming fiscal year was mostly “made up of two items,” including the one-time use of $16.1 million to balance its current budget and the reduction of $47.3 million in state funding.

What is the budget crisis for UConn?

UConn's troubles trace back to diminishing federal Covid-19 relief funding. The state government had been using the one-time funding infusion to prop up public colleges since 2020, but that bucket was getting smaller — dropping by $47.3 million in 2025 and fully disappearing by fiscal year 2026.

Is UConn Health in financial trouble?

The University of Connecticut Health Center will be running a $55.3 million deficit in fiscal year 2025 and the state is looking to hire a consultant to develop a strategic vision for the future of its clinical operations.

What is the UConn deficit?

The University of Connecticut expects a $70 million deficit in fiscal year 2025, prompting plans for the state flagship to enact widespread budget cuts and ask lawmakers for additional funding.

Is UConn worth the money?

Overall, we still believe University of Connecticut is a high value school that is worth the cost. But if you can attend an even better school with a better reputation and lower cost, you'll get a much higher bang for your buck.

At-risk high schoolers learning personal finance basics at UConn

Are UConn students rich?

The median family income of a student from UConn is $119,700, and 55% come from the top 20 percent.

Is Yale or UConn better?

In both reports, Yale University was the only Connecticut-based higher education institution to rank higher than UConn. Yale was rated No. 5 in the U.S. News & World Report ranking and No. 3 in the Journal's report.

Why is Connecticut in debt?

Compensation of Connecticut state employees ranks consistently among the five most generous of the fifty states, while the funding of retiree pension and health care benefits ranks consistently in the bottom five. Connecticut simply cannot afford such generous and underfunded pay and benefits for state employees.

Who funds UConn?

UConn funds come from tuition, fees, federal & private grants, sales & services revenue and foundation reimbursements. Fringe rates are dictated by the State Comptroller's Office.

What is the average debt for UConn?

At University of Connecticut, the median federal loan debt among borrowers who completed their undergraduate degree is $21,500. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $228.

Does UConn have a good reputation?

UConn's U.S. News ranking has been steadily improving since 2000, when it was No. 38 among public institutions. The four-year average for retention of first-year students is 93%, remaining among the highest in the nation and far above the national average of 80% at four-year public universities.

Is UConn too expensive?

UConn tuition in 2023-24 is $20,366 for in-state students and $43,034 for out-of-state students. This is higher than the national average for public four-year schools of $10,940 for in-state students and $28,240 for out-of-state students.

Is UConn a prestigious university?

University of Connecticut is ranked #58 out of 439 National Universities. Schools are ranked according to their performance across a set of widely accepted indicators of excellence. Read more about how we rank schools.

What is UConn known for?

UConn is one of the top public research universities in the nation, with more than 30,000 students pursuing answers to critical questions in labs, lecture halls, and the community. Knowledge exploration throughout the University's network of campuses is united by a culture of innovation.

Where does UConn rank academically?

University of Connecticut's ranking in the 2024 edition of Best Colleges is National Universities, #58.

Where does UConn rank in education?

University of Connecticut (Neag) 2023-2024 Rankings

31 (tie) in Best Education Schools. Schools are ranked according to their performance across a set of widely accepted indicators of excellence. See how this school scored on the key indicators used in the rankings.

How big is the UConn endowment?

UConn's total endowment, which includes the Foundation's endowment, funds held in trust by others, and endowed gifts made directly to the University, is now $602.7 million.

Is Connecticut in a recession?

Connecticut currently continues its recovery from the last recession.

Is CT the richest state?

From 1987 to 2019, Connecticut was the richest state in the US as measured by per capita personal income. In 2020, it lost out — by $10 — to neighboring Massachusetts.

Which state has the highest debt in us?

U.S. state and local government outstanding debt 2021, by state. In 2021, the federal state of California had about 541.24 billion U.S. dollars of debt outstanding, the most out of any state.

Is UConn tough to get into?

The acceptance rate at UConn is 55.6%.

For every 100 applicants, 56 are admitted. This means the school is moderately selective.

What major is UConn most known for?

The most popular majors at University of Connecticut include: Psychology, General; Economics, General; Registered Nursing/Registered Nurse; Finance, General; Speech Communication and Rhetoric; Biology/Biological Sciences, General; Mechanical Engineering; Political Science and Government, General; and Cell/Cellular and ...

Is UConn or Fairfield University better?

Among Connecticut institutions in the Best National University category, Fairfield University was ranked only behind Yale University and UCONN.