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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