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Furlough, hiring freezes saved Seton Hall roughly $1.1 million, according to bond filing

The furloughing of roughly 150 staff and a University hiring freezes saved Seton Hall approximately $1.1 million, according to a new filing from the New Jersey Educational Facilities Authority (NJEFA), which approved the University for roughly $109 million in revenue bonds for various improvements around campus on Wednesday. The furlough represented roughly 15% of all non-faculty Seton Hall staff, according to the paper.


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Seton Hall accepts $5.7 million in CARES Act funding, $2.8 million of which will go to student financial relief

Seton Hall will accept $5.7 million allocated to the University by the Coronavirus Aid, Relief and Economic Security Act, $2.8 million of which has been earmarked by the Department of Education to be disbursed to students. The news comes as Seton Hall announced Monday that it would furlough 150 employees amid financial unease brought on by the coronavirus pandemic.


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Executive Cabinet takes pay cut as University faces tumultuous financial future

Seton Hall’s Executive Cabinet announced Thursday that it would be taking a voluntary 10% pay cut amid the news that Seton Hall could be facing up to tens of millions of dollars in lost revenue as a result of the COVID-19 pandemic. University President Joseph Nyre, who leads the University’s Executive Cabinet, volunteered to reduce his salary by 20% in response to the crisis.


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