The New School announced a plan to reduce its workforce by roughly 7% through voluntary buyouts as it confronts a multi‑year structural deficit and a downgraded bond rating. President Joel Towers said the institution will also consolidate its academic structure from multiple schools into two colleges; trustees have directed leaders to close a fiscal gap by fiscal 2028, and more reductions could follow. Meanwhile, more institutions are pursuing revenue strategies that include on‑campus hotels and hospitality partnerships. Campus hotels are being marketed not only as lodging for visitors and alumni but as revenue-generating assets that host conferences, support academic events and deepen campus‑community ties — a strategy some institutions see as one way to offset tuition and enrollment declines.