NEW ORLEANS (AP) -- Loyola University officials are bracing for a significant decrease in enrollment in the wake of a 30 percent drop in the number of students committing to the school by the traditional May deadline.
The dramatic decrease is detailed in a May 17 email to the university's staff obtained by The Advocate (http://bit.ly/171vnfJ ).
In the email, President Kevin Wildes lays out several unappetizing scenarios -- including the possibility of reductions in salary and compensation budgets, buyouts or a draw-down from the school's endowment -- that may be necessary to make up the millions of dollars the school will lose due to its smaller freshman class.
Overall, the school has a student population of 5,082 students, 536 faculty and about 736 staff, plus graduate assistants and student workers.
Information from: The Advocate, http://theadvocate.com