Miu Sims

Miu Sims

University disclosure meeting

According to Carson Cruse, on November 13 2024, students packed a room to hear about their university’s difficult financial future and an increasingly bloated and unaccountable administration.

The Muslim Student Association and members of New Students for a Democratic Society created an exposé highlighting their campaign demanding that Loyola disclose their $250 million endowment fund.

Students were especially frustrated with tuition increases and cuts to their financial aid to bail out the university from its poor financial management.

“Loyola’s plans for the future are not looking great. You can expect tuition to increase from $47,390 to $51,656 and total financial aid to drop by 3%. This is all for what admin has called a ‘premium education’,” said Nadir Benslimane, a Liberate and Unite New Orleans Students for a Democratic Society member. “If you think this premium education means more classes and higher paid professors, you’d be wrong. Loyola plans to hire two more vice presidents who will make over $300K, bloating our administration while professors who have worked here for 15 years haven’t ever seen a raise.”

On top of extreme tuition increases, this panel exposed the board of trustees and the corporation that controls the endowment fund and where that fund is invested. “The board of trustees is composed of wealthy business owners whose interests do not align with students’ material interests by any means,” said Miu Sims, an SDS member.

“The corporation excludes all outside perspectives by only hiring Jesuits and those in ‘good standing’ in the Society of Jesus, meaning only men can be on this corporation,” said Mae Guidry, SDS member.

The Jesuit Order has released several statements on the genocide of Palestinians and Pope Francis, a Jesuit, has called Israel a terrorist state. “They [the corporation] claim to represent Jesuit values but only at their convenience and your silence,” continued Mae.

The panelists then explained the retaliation that students have faced for demanding disclosure and exercising free speech and expression. “We’ve been consistently struggling for financial transparency, the right to free expression, and a meeting with admin. Now, two students have been fired for protesting; people are on disciplinary probation, and the administration is consolidating its power to shut down student free speech,” said Nour Saad, president of Loyola MSA.