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.