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The University of Northern Colorado’s budget woes have been well-known for some time, but the university’s board of trustees have taken increasingly drastic measures in an effort to prevent total collapse. Past measures have included reducing financial aid and laying off professional staff, but during a finance and audit committee meeting in February, President Andy Feinstein announced further plans.
“I believe it’s clear that we need to raise tuition,” Feinstein said.
The causes behind UNC’s financial issues are just as numbered and varied as the proposed solutions. Many like to point to the construction of the new Campus Commons as the root of the problem, but UNC’s deficit goes all the way back to 2010. The Campus Commons represents only 18% of a debt caused by a fatal combination of new housing and dining facilities and declining enrollment, meaning there’s no one to fill them.