NEW YORK (JTA) — Yeshiva University said its senior officials will take voluntary pay cuts through the end of the year as the school struggles to weather the coronavirus crisis.
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University President Ari Berman told staff and students in an email Monday that he will take a 20 percent cut and each member of the senior staff a 5 to 10 percent reduction.
Y.U. classes were moved online in March, and employees except those considered essential were ordered to work remotely due to the coronavirus.
Berman said in his email that some employees whose jobs cannot be performed remotely are being furloughed, which will enable them to retain their health benefits and become eligible for state and federal assistance.
He also said the university, the flagship institution of Modern Orthodox Judaism, has pursued all possible federal and state assistance, and put a freeze on capital projects, travel, new hires and unspent budgeted expenses.
Berman announced the establishment of an emergency scholarship campaign “to directly assist our students who are in need and who have been deeply affected by this virus.”
The university will raise tuition fees for the 2020-21 academic year to $43,575 tuition, an increase of $1,575, and $2,900 in miscellaneous undergraduate fees, The Commentator student newspaper reported Tuesday. Tuition and fees rose by $1,400 in the previous academic year.
I don’t get it !!! Every salaried employee should take a pay cut ,or furlough ,but the Gov’t keeps getting paid , I.E. ,RE Taxes ,Income Taxes ,Water ,& sewer fees .No one talks about a strike against these fees!!!! Yes you AOC !!!!
Tuition increases? What a joke.
I remember when this was a top 50 school now it’s maybe a top 500 school with a top 50 tuition price.
And they’ll say oh but people are on financial aid so it’s nice- great- kids taking out 30k per year in loans is great how? What a bum of a place. After how rabbi lamm saved it… Richard Joel put it in the dumpster and Berman is dragging it to the curb…
Makes no sense. They kept all the money from this school semester and closed campus they should be taking in the money. For a school that turns out so many accountants they don’t seem to know how to keep their books very well
They didn’t even have the guts to email the tuition increase to the parents or student body.
Spineless!
$ 43 grand a year !!!!!!!!!!! per student , what percent of working parents can pay anything near that . what does rabbi berman make after the 20% cut?
is YU a NON PROFIT?