Financial Exigency in Universities

Feb 3rd, 2012
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Financial Exigency is a state of financial crisis, commonly a judicially accepted condition permitting an educational institution to terminate programs and eliminate staff positions, including those of tenured faculty. Every college and university experiences some form of financial hardship at one time or another.

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Financial Exigency in UniversitiesSouthern UniversityFinancial Exigency in UniversitiesFinancial Exigency is a state of financial crisis, commonly a judicially accepted condition permitting an educational institution to terminate programs and eliminate staff positions, including those of tenured faculty. Every college and university experiences some form of financial hardship at one time or another. The financial problems plaguing local and state governments in recent years have been suggicient by themselves to create serious problems for institutions across the country. At the very least, an institution's financial difficulties can lead to the reallocation of resources; at the worst, they can threaten the institution's existence. Faculty travel budgets and money for new faculty appointments are often early casualties. In the more serious cases, faculty and staff appointments are terminated, and academic programs and departments are reduced or eliminated. Some institutions ultimately close their doors. Because a college or university's financial problems and an administration's response to them can significantly affect faculty rights, faculty appointments, and the substance o

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