Penn State Orders Hiring Freeze, 3% Budget Rescission To Close $191 Million Deficit

Bill Schackner:

Pennsylvania’s flagship public university has ordered a hiring freeze at least through next summer as it and other higher education institutions confront spiking inflation and public fallout over tuition hikes aimed at easing strain on campus budgets.

Penn State University confirmed the move late Monday, days after leaders announced a planned rescission in the school’s 2022-23 operating budget of 3%, or $46.2 million. The decision, like a tuition hike approved July 22, was aimed at helping the university narrow a growing operating deficit. …