Here's how much those pay cuts for University System of Maryland presidents will actually save

Salary reductions for nearly every president of the University System of Maryland's member colleges this year will yield about $450,000 in savings, accounting for nearly 0.1% of a projected $500 million systemwide budget shortfall. Higher education institutions in Maryland and across the country are scrambling to address unprecedented blows to their bottom lines from the impacts of Covid-19. (Balt Bus Journal)

Read Full Article