Friday, September 2, 2016

Hiram College lays off 13 after failing to meet budget projections - by Karen Farkas,

Hiram College laid off 13 employees and took other measures to reduce the budget by $2.5 million after fewer students enrolled than expected. The private college in Portage County is also being monitored by the U.S. Department of Education because of the agency's concerns about finances at the college, which has an annual budget of about $30 million. In 2015 Hiram enrolled 1,100 students, including 203 freshmen. While 240 freshmen and a total of 1,132 students are expected to begin classes on Monday the overall enrollment projections were less than budgeted, officials said. "Hiram's incoming class and the corollary tuition revenue it generates are smaller than officials had planned," spokeswoman Cristine Boyd wrote in an email.

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