Business

Inflation has come down from last year’s soaring heights, but colleges are still feeling the effects of supply chain issues and labor shortages that keep construction costs high.

With fewer employees on site, many colleges are seeking to repurpose disused campus spaces. In some cases that means shedding leases that can save millions of dollars.

Alderson Broaddus University faced a vote from a state oversight board that could have prompted its closure. Then the governor stepped in, though without a clear plan.

Numerous Indiana University employees will move to Purdue as the institutions dissolve their joint venture in Indianapolis. But many faculty members worry they’ll be left without tenure or a departmental home.

The King’s College is squeezed financially, has lost accreditation and will cancel classes this fall. But leadership doesn’t intend for the closure to be permanent.