Infographic summarizing the reduction in the financial deficit from 2018 to 2025. A complete text description follows. The link opens a tagged PDF of the image.

Path to Enhanced Excellence with Financial Sustainability

Through a multi-year plan that requires both strategic investment and responsible restructuring, Oberlin will preserve and build upon its academic and musical excellence for generations to come.

2018 & 2019

$9.0M
The College identified a structural $9.0M annual operating deficit that was partially addressed in FY 2018 and FY 2019 through $7.7M in budget reductions. If unaddressed, the accumulated deficit would total $162M in ten years. The identification of this structural deficit launched the College’s intensive planning effort to yield financial sustainability.

Priorities & Investments

  • enrollment strategies
  • student aid
  • academic excellence

Shared Sacrifice

  • faculty and administrative & professional staff salary freezes
  • changes in benefits

2020

$17.3M
Combined value of annual operational reductions/reinvestments by 2025.

Priorities & Investments

  • faculty investment
  • student experience
  • infrastructure
  • strategic/ competitive initiatives
  • revenue generation

Shared Sacrifice

  • organizational restructuring
  • address lost revenue
  • facilities review
  • operational efficiency

2025

$0
Balanced budget including ongoing support for new investment and innovation.