The University of Chicago is currently undergoing financial difficulties, leading to actions such as the laying off of 180 workers at the University of Chicago Medical Center. The University is experiencing a liquidity crisis, as demonstrated by figures such as its recent negative cash flow of $487 million and its struggle to pay out salaries and scholarships. These financial difficulties have also led to measures such as incentivizing retirement for certain staff and increasing the number of students each academic advisor is responsible for. The University is trying to tackle its structural deficit by furthering its Master’s education and other forms of certification, but concerns have been raised about the quality and value for money of these programs. The author argues that these desperate measures are leading the University to abandon its core values and harm its future.
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