The Oberlin Review

Frandsen: College’s Financial Trajectory Unsustainable

Sydney Allen, Production Editor

November 18, 2016

The College’s financial situation is unsustainable without substantive cuts, administrators say, and by filling out a survey, College community members will help decide where those cuts will fall. Vice President for Finance and Administration Mike Frandsen said in a research management meeting last Friday that Oberlin’s current financial model is unsustainable, and would leave the College with an increasing deficit in the coming years if the financial system stayed the same. Frandsen’s reports showed a projected deficit of $3.1 million in 2017 that then increases to $5.7 million by 2021. The Resource Management Working Group, an implementation committee for the 2016–2021 Strategic Plan, sent out a survey...

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