BLOOMINGTON, Ill. (AP) — A smaller-than-expected incoming class has left Illinois Wesleyan University with a $1.5 million revenue gap.
President Dick Wilson says half the shortfall will be made up from reserves in various accounts. The rest will come from a 1.5 percent cut to the operating budgets of each campus unit.
Wilson says there are no plans to cut jobs. The (Bloomington) Pantagraph reports (http://bit.ly/1IInrEG ) that instead the university plans to trim costs through staff turnover and retirements.
Illinois Wesleyan has experienced a decline in enrollment for several years.
Last fall, enrollment fell to about 1,900 students. It was the first time in 16 years that the figure had dipped below 2,000.
Wilson says the university is "taking a careful look" to see if there programs it can add to attract more students.
Information from: The Pantagraph, http://www.pantagraph.com