Writing SNHU’s Story
VOLUME XXVI
Stefan Karlberg Staff Representative After announcing A Boogie wit da Hoodie as the main performer during September’s Big Money Bingo, Coordinators of Activity and Programming Event’s (CAPE) Major Concert sold out almost immediately. CAPE Publicity Chair Silvana Terranova (‘20) said, “Tickets sold out in three hours. There was a lot of interest. The 200 we had the night before sold out in minutes.” Many students bought their tickets before they even left the upper dining hall. This year’s Major Concert follows a previous school year full of electronic dance music (EDM). CAPE selected EDM trio Cheat Codes as the 2018 Major Concert and brought
ISSUE 2
OCTOBER 9, 2019
PENMENPRESS.COM
CAPE wows with major concert pick
DJs GrooveBoston for SNHUStock, SNHU’s annual spring concert. Some students weren’t excited for the EDM concerts, and CAPE looked for ways to cater more to the students. During the summer, CAPE sent students a survey asking what they wanted for the Major Concert. Students were sent a list of different genres artists and were asked to rank each. CAPE Vice President Dennis Nguyen (‘22) said, “I think we really wanted to take students into account because of what happened with the Cheat Codes concert. Not only that but SNHUStock as well. We really wanted to get more students to say their opinions of what they wanted, who they wanted, what kind of genre they wanted. We took all
that into account and chose [A Boogie wit da Hoodie] as the Major Concert.”Students have been quick to notice that this year’s concert falls on a Thursday. Some students felt confused by this move, and some even felt disappointed as they have to go to class the next day. While many students are excited about the main act, some people are concerned about the concert being on a Thursday night. Sophomore Anna Cronin (‘22) said, “Who wants to go to a concert on a Thursday night? I have an 8 a.m. on Friday. It doesn’t seem fair.” Associate Director of Student Involvement Colleen Lubin said, “I think that it is not an ideal scenario. We . . . . . . . . . . . Continue to page 2
A Boogie Wit da Hoodie. (image credit: Creative Common)
Clarifying the Rumors of SNHU’s Financial State
Nikki Fain Editor in Chief
Accessibility. It’s a buzzword in higher education right now. It’s a word that dominates most of the conversation at SNHU, whether it’s in the classroom or at an event. It comes from faculty, staff and administration alike. It’s the goal for SNHU. In the past couple of years, this has meant the development of a five year diversity, equity and inclusion plan. It has also meant considering what the learning environment of the class of 2030 is. Most notably to the campus life though, accessibility is now making all SNHU
departments refocus and “hyper-fixate” on the financial health and sustainability according to University College President Lynott. Towards the end of the spring semester in 2019, rumors of budget cuts started floating around. Since coming back to campus, students have started to see changes that are rumored to be the result of the supposed cuts, like the outsourcing of the study abroad department to Education First (EF) or a lack of trash bins in the residence halls. But there haven’t been any formal budget cuts. Rather, SNHU has decided to find ways
to be more purposeful with spending, to spend more efficiently. It’s no secret that the College of Online and Continuing Education (COCE) has helped the University College (UC) flourish, particularly with capital projects, like new buildings. Dr. Lynott confirmed it was during the Great Recession in 2007 when President LeBlanc pitched and convinced the board of trustees that investing in the fledgling online education division would help the campus survive by using the extra funds to offset campus costs. However, the success of the online division has transformed its original
purpose. “Something really incredible has happened and we have learned that online division has become a model for what accessible nontraditional learning can be. . . We have become this multiversity of learning,” Lynott said. And inevitably, the operating costs per student on a campus are more expensive than the costs of a student online. In October 2018, SNHU hired a new Chief Financial Officer, Ken Lee. To acquaint himself with the new role, Lee began to assess and analyze the finances on a unit-by-unit
basis. In December of 2018, Lee and his team were ready to share their observations. While it was always known that the online division supported the campus financially, Lee’s team pinpointed exactly how wide the gap has become. It was during this time that Dr. Lynott learned that the amount for the campus to reach self-sustainability is “just under 25 million.” When asked for an exact number, CFO Lee said, “I am very cautious about putting a specific number on it, because to be sustainable we don’t need to be positive.” However, both Lee and Dr. Lynott shared
that the institution as a whole is doing well financially. Lee shared that for the 2018 fiscal year the university had over $819 million in assets, which is a huge increase from ten years ago when that number was $137 million. SNHU’s cash and short-term investments were $290 million dollars meanwhile its long-term investments were at $136 million and property and plant equipment were $322 million. On the other side, SNHU’s liabilities were at $200 million. Lee explained this was due to debt taken for some of the new buildings. He also confirmed that the university has