Post by Logan on Jun 30, 2016 22:36:33 GMT -6
The University of Wyoming's new president wants to attract more students to boost the school’s revenue, after a snapshot of last month’s enrollment numbers was 400 students below the same time the year before.
Wyoming’s only four-year university is facing about $50 million less in available funding over the next two years due to the declining energy economy in the state. President Laurie Nichols declared a financial crisis at the school earlier this month.
To weather the storm, UW will scale back spending by about $20 million in the 2016-2017 fiscal year. Additionally, Nichols announced plans to reduce the following year’s budget by $10 million, cut academic programs and explore new opportunities for increased revenue.
One such opportunity is to enroll more students and reassess tuition and fees, Nichols told lawmakers at a recent committee meeting in Cheyenne.
Read more: trib.com/news/local/education/enrollment-could-boost-revenue-at-uw-after-budget-cuts/article_b535edda-3179-5c12-bf09-5c5736a60f7e.html
Wyoming’s only four-year university is facing about $50 million less in available funding over the next two years due to the declining energy economy in the state. President Laurie Nichols declared a financial crisis at the school earlier this month.
To weather the storm, UW will scale back spending by about $20 million in the 2016-2017 fiscal year. Additionally, Nichols announced plans to reduce the following year’s budget by $10 million, cut academic programs and explore new opportunities for increased revenue.
One such opportunity is to enroll more students and reassess tuition and fees, Nichols told lawmakers at a recent committee meeting in Cheyenne.
Read more: trib.com/news/local/education/enrollment-could-boost-revenue-at-uw-after-budget-cuts/article_b535edda-3179-5c12-bf09-5c5736a60f7e.html