University of Arizona lost $240 million: Here is how

The University of Arizona recently disclosed a $240 million financial error, transforming its surplus into a $177 million deficit. The miscalculation, caused by a flawed forecasting model, raises concerns about the impact on students and academics. Potential budget cuts could affect financial aid, tuition rates, and academic programs, while faculty may face salary freezes or job insecurity. The incident serves as a cautionary tale for other universities and underscores the importance of effective financial management.