UNT approves buyouts for professors, faculty as it tackles budget shortfalls
The University of North Texas approved buyouts for 40 faculty members, saving up to $4.7 million, but still faces a $45 million budget shortfall. The buyouts were part of the university's efforts to address declining international student enrollment and reduced state funding.
The University of North Texas has approved buyouts for 40 faculty members, which officials say will save up to $4.7 million. However, this only partially addresses the university's projected $45 million budget shortfall, largely due to declining international student enrollment and reduced state funding. 44 professors and instructors applied for buyouts, with four being denied due to not meeting eligibility requirements. The College of Liberal Arts and Social Sciences had the most buyouts at 15. Eligible employees must have worked at UNT for at least 15 continuous years and will receive either one year or six months of base pay depending on their tenure status. The university is not planning another round of buyouts and may refill some positions if they align with the university's strategic plan.
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