Yet another American college is suffering an “unexpected” plunge in enrollment and a massive budget deficit after a series of outbursts by radical fringe protesters and professors.
This time, the school is Oberlin College, a private, 2,900-student enclave of progressivism in small-town Ohio where the cost for a single year of tuition, fees and room and board is $69,372.
Oberlin is facing a $5 million budget shortfall for the 2017–2018 academic year due to lower student enrollment and a related drop in revenue, reports The Oberlin Review, the student newspaper.
The chairman of Oberlin’s board of trustees, Chris Canavan, announced the financial woes in an email sent to professors and administrators this summer. The student newspaper obtained and published the full email late last week.
“As many of you already know, Oberlin’s primary source of revenue, student charges, will fall well short of our target because the incoming class is smaller than we expected and fewer students will return next year,” Canavan wrote. “There is no avoiding the financial impact of these shortfalls. Although we had already reduced budgets across the institution for next year, this shortfall in student charges will generate a deficit of about $5 million.”
Oberlin obtains more than 80 percent of its annual operating budget from tuition and other student charges.
Administrators at the private school had hoped to enroll 805 new students this fall. However, only 742 new students actually showed up on campus.
School officials had a cautious total enrollment target of 2,895 students for the fall 2017 semester but actual total enrollment is just 2,815 students currently.
http://dailycaller.com/2017/09/12/s...n-budget-crisis-after-radical-loons-run-wild/
This time, the school is Oberlin College, a private, 2,900-student enclave of progressivism in small-town Ohio where the cost for a single year of tuition, fees and room and board is $69,372.
Oberlin is facing a $5 million budget shortfall for the 2017–2018 academic year due to lower student enrollment and a related drop in revenue, reports The Oberlin Review, the student newspaper.
The chairman of Oberlin’s board of trustees, Chris Canavan, announced the financial woes in an email sent to professors and administrators this summer. The student newspaper obtained and published the full email late last week.
“As many of you already know, Oberlin’s primary source of revenue, student charges, will fall well short of our target because the incoming class is smaller than we expected and fewer students will return next year,” Canavan wrote. “There is no avoiding the financial impact of these shortfalls. Although we had already reduced budgets across the institution for next year, this shortfall in student charges will generate a deficit of about $5 million.”
Oberlin obtains more than 80 percent of its annual operating budget from tuition and other student charges.
Administrators at the private school had hoped to enroll 805 new students this fall. However, only 742 new students actually showed up on campus.
School officials had a cautious total enrollment target of 2,895 students for the fall 2017 semester but actual total enrollment is just 2,815 students currently.
http://dailycaller.com/2017/09/12/s...n-budget-crisis-after-radical-loons-run-wild/
