Do you see Stockton University closing?
Hey, everyone. I’m a junior at Stockton University, graduating Spring 28. If you haven’t seen the news about it, the university announced today they were laying off 21 staff positions (14 faculty, 7 professional staff) due to ongoing financial issues. They took out a 24.6 million dollar deficit for FY 27 and will run out of money in their operating accounts by FY 31, I believe, if they keep burning money at this rate. Anyways, it’s definitely been a huge concern on campus. A lot of people are going to worst case scenarios (myself included) and are preparing to get a degree from a university that closes which is another issue, but others are suggesting that since Stockton drives a lot of jobs in the area the state will force a merger with Rutgers or Rowan like they did with NJCU. What do you guys think? I’m in the camp that the state might just dissolve the university.