Boschini said in September enrollment fell 2% under target and TCU had a $5.5 million shortfall as a result. Along with the shortfall, Boschini said that the cut was made to provide more financial aid to students and help the university achieve its goal of making TCU more accessible. He also cited the need for “fiscal conservatism” that the Board of Trustees has been emphasizing as the university looks toward the future.
https://www.tcu360.com/2020/10/chancellor-talks-tuition-rate-budget-cuts-at-faculty-town-hall/