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TCU expects $90 million shortfall to budget
By Renee Umsted
The fallout from COVID-19 is causing a $90 million shortfall in TCU’s operating budget.
Chancellor Victor Boschini outlined the university’s position Wednesday in an email to faculty and staff.
The shortfall, about 16% of the university’s $558 million budget, results from a “slight decrease” in enrollment, increases in financial aid for online classes and need-based aid, and changes to athletic programs with lower anticipated revenues, Boschini wrote.
Read more at https://www.tcu360.com/2020/08/tcu-expects-90-million-shortfall-to-budget/
By Renee Umsted
The fallout from COVID-19 is causing a $90 million shortfall in TCU’s operating budget.
Chancellor Victor Boschini outlined the university’s position Wednesday in an email to faculty and staff.
The shortfall, about 16% of the university’s $558 million budget, results from a “slight decrease” in enrollment, increases in financial aid for online classes and need-based aid, and changes to athletic programs with lower anticipated revenues, Boschini wrote.
Read more at https://www.tcu360.com/2020/08/tcu-expects-90-million-shortfall-to-budget/