Peoria Public Radio Staff
Tue June 3, 2014
Bradley University plans $7 million in cuts
Glasser says the lower-than-expected enrollment means a $2 million hit for the University. She says Bradley needs to make a five percent reduction overall to maintain sustainable operating margins.
That’s in addition to nearly $2 million in cuts planned for dining, housing and athletics. Glasser says she’s formed three advisory groups of faculty and staff to review programs, look for ways to reduce costs, and boost marketing and recruitment efforts. Glasser says the expected fall enrollment represents a new baseline and a revenue gap that can’t be filled with tuition increases alone.