Definition

When a program's expenses exceed its revenue, threatening its existence. Also accurately describes how faculty in those programs feel when administration starts circling with budget cuts.

Example Usage

The Classics department has been underwater for three years, and the dean is making ominous noises about 'right-sizing' and 'strategic priorities.'

Origin

Business terminology adopted by higher education financial management

Fun Fact

Liberal arts programs are frequently underwater by traditional metrics because they don't account for the general education service load that subsidizes STEM programs

Source: Higher education financial management terminology

Related Terms

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See “underwater” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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