Thursday, March 12, 2015

Guilford College facing budget crunch - John Newsom, News Record

Guilford College is once again facing a budget deficit because of a sharp drop in enrollment, especially among adult students. Three years after the private liberal arts college laid off 16 employees to balance its budget, Guilford is running a budget deficit of about $2 million this year. Jane Fernandes, who became Guilford’s president July 1, said in an interview Wednesday afternoon that she expects the college’s deficit could be about the same in the 2015-16 academic year.

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