University of Connecticut Faces $70 Million Deficit
The University of Connecticut says the school has enrolled the largest and most diverse class in its history, but it still faces a $70 million dollar deficit.
Scott Jordan is UConn’s chief financial officer. He says the large enrollment has helped the budget shortfall, but the deficit could grow.
"That is under our current enrollment scenario -- we are able to remain open. If we do have to close early due to COVID and repeat last spring and send out refunds to students for housing and dining that deficit could rise as high as $109 million."
The school issued $30 million in refunds in 2020 when students had to move off campus due to COVID-19. Jordan says a lot of that money was made up with federal dollars from the CARES Act.