Our guiding principle has been to protect our academic core as much as possible and to protect people as much as we can (e.g. applying vacant positions to our budget deficit instead of instituting widespread layoffs). The upshot is that this is not a long-term strategy.
Looking ahead, we expect challenges for the foreseeable future. Unfortunately, we expect at least a 0.4% decrease year-over-year from our Fall 2024 undergraduate headcount and looking towards Fall 2025, another 1%. This is a consequence largely of the smaller cohorts enrolled in recent years. Over the next several years, cohort drag will continue to depress our numbers. In addition, struggles with the FAFSA could further dent our new undergraduate enrollment in Fall 2024.
We know we’re not unique in our challenges. Colleges and universities across the country are working through demographic, competitive, and other pressures tied to profound generational and social shifts. As I’ve expressed before, the moment presents opportunity — a chance to chart a course that better uplifts our students and communities for years to come. I invite you to join me in leveraging this opportunity, learn more about the higher education landscape, and engage in necessary change.
Thank you for your dedication and for all your hard work. I’ll continue to keep you updated with our latest information and next steps.
Sincerely,
Franklin D. Gilliam, Jr.
Chancellor
