Finances

,

College Update on Finances

,

On Thursday, Sept. 17, the College provided an update on the financial situation and announced permanent structural changes. In a statement by College President Sonya Stephens and Vice President for Finance and Administration and Treasurer Shannon Gurek, it was announced that “the pandemic has created both short-term and longer-term challenges to our operations, negatively impacting the College’s financial outlook.” This letter was a follow-up response to an Aug. 19 statement in which Stephens and Gurek announced furloughs and budget reductions.

, , ,

Five Colleges announce plans for financial fallout of COVID-19

, , ,
Five Colleges announce plans for financial fallout of COVID-19

As colleges face increasing financial pressure due to effects of the COVID-19 pandemic, Mount Holyoke announced cost-saving measures totaling $6.5 million for the next fiscal year on March 29. The budget changes are expected to bridge Mount Holyoke’s $7.6 million deficit due to the pandemic.

, , ,

College loses $7.6 million in COVID-19 pandemic response

, , ,
College loses $7.6 million in COVID-19 pandemic response

On Tuesday, April 7, the Mount Holyoke College community received an update from President of the College Sonya Stephens briefing community members on the College’s financial situation. “Over this time period, we have focused on our emergency response and continuity of operations,” Stephens wrote.

,

College introduces CashCourse and offers tax workshop

,
College introduces CashCourse and offers tax workshop

BY MERYL PHAIR ’21

The Office of Student Financial Services recently announced the launch of CashCourse, a free financial resource for students, on Jan. 24. The website includes instructions on budgeting, saving, credit, debt management and taxes. 

Cart (0)