Cost Containment Measures
Northwestern University has implemented immediate cost containment measures in response to evolving financial challenges, including constrained tuition and endowment revenues, rising labor and benefit costs, and federal policy changes impacting research funding. These steps are essential to preserving the University's long-term financial stability and ensuring continued excellence in teaching and research.
Key Cost Containment Initiatives- Personnel Expense Oversight
- Non-Personnel Expense Reduction
- Pre-Approval for Expenditures Over $25,000
Faculty and staff are encouraged to exercise financial prudence given the current economic climate.