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.
