Lofty projections cause $11 million shortfall at NAU - KAITLIN OLSON, Daily Sun

Unfulfilled lofty projections have caused an $11 million shortfall in the Northern Arizona University budget this year – funds departments across the university must return before June to avoid ending the fiscal year with a deficit. Student tuition and fees, which comprise 40 percent of the university’s revenue, suffered this year due to a drop in both enrollment and retention. NAU missed its target enrollment by at least 800 tuition-paying students, resulting in $10 million in lost tuition and fees that have already been allocated. First- to second-year retention also decreased by 2.5 percent, resulting in an initial net loss of just over $1 million, university representatives explained at a Faculty Senate meeting Monday. https://azdailysun.com/news/lofty-projections-cause-million-shortfall-at-nau/article_0755db93-e5ba-565a-bf5f-dff5f79b48af.html