UVM Faces Multi-Million-Dollar Budget Deficit Driven by Decline in Undergrad Enrollment

15% drop in students for UVM, why we help

The University of Vermont announced this week that next year’s freshman class will be about 15 percent smaller, due to demographic challenges. The decline and the consequent loss of tuition will open a $12 million hole in the university’s budget.

UVM faces multi-million-dollar budget deficit driven by decline in undergrad enrollment

UVM is facing a decline in undergrad enrollment that is leading to a multi-million-dollar budget deficit. But representatives said that the deficit is something they have seen coming.

Declining enrollment is driving a $12 million budget deficit at the University of Vermont

The University of Vermont campus in Burlington. File photo by Glenn Russell/VTDigger The University of Vermont announced it was facing a $12 million structural budget deficit for next fiscal year due to a projected drop in overall undergraduate enrollment. The university expects to see a 15% decline in freshman undergraduate students this coming fall compared to last year, and a 7% decrease across all undergraduate enrollment. Tuition accounts f…

UVM Faces Enrollment Decline, $12 Million Budget Deficit

The University of Vermont is projecting a sizable loss of undergraduates next year, spurring it to make cuts in its general-fund budget and other departments to make up for the reduction in revenue from tuition. Alicia Estey, the university’s vice president for finance, administration and human resources, and Jay Jacobs, vice president for enrollment management, broke the news in a May 13 letter to UVM staff. The university is projecting a 7 per…