Wednesday, December 16, 2020

University of Oregon said Thursday the financial fallout from the pandemic will be felt for years to come in the university’s budget - KEZI

 Jamie Moffitt, UO’s chief financial officer, told the Board of Trustees fall enrollment declined 3.6%, which means the university will take in $17.5 million less than expected from undergraduate students. Some of those losses can be recouped from small increases in graduate students and much less spending on travel and supplies at the university. Earlier this year, leaders approved a plan to guarantee tuition rates for incoming students, further complicating plans to recoup losses. Moffit said the reduction in first year students will be felt for the next four to five years.

https://www.kezi.com/content/news/UO-plans-for-uncertain-future-amid-enrollment-drop-budget-woes-573280621.html