With a projected $300 million loss expected for the 2020-21 fiscal year due to the ongoing COVID-19 pandemic, Michigan State University has recently announced a number of cost saving measures it will be implementing in the months ahead to weather the financial storm facing all colleges and universities across the country. Among the measures are halting a number of ongoing construction and renovation projects around campus, top pay cuts for MSU executives, and cuts for faculty, academic staff, and administrators.
Michigan State President Samuel Stanley Jr. announced on June 23rd that approximately 4,200 of the university’s roughly 15,000 employees will see an average pay cut of 2.