Unfulfilled projections cause $11M shortfall in NAU’s budget
FLAGSTAFF, Ariz. (AP) — Northern Arizona University missed its target enrollment by at least 800 tuition-paying students this year, resulting in $10 million in lost tuition and fees that have already been allocated.
Drops in enrollment and retention hurt student tuition and fees, which comprise 40 percent of NAU’s revenue.
The Arizona Daily Sun reports that departments across the university must return $11 million in funds before June to avoid ending the fiscal year with a deficit.
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