A financial report presented to Trent University’s Board of Governors on May 8th says the university is facing a deficit of at least $2.7 million dollars.
According to the Board Financial Report, the university suffered a decrease in enrollment 0.2% greater than expected, from 13,206 to 12,323.8 full-time equivalent students, instead of the anticipated 12,342.
This discrepancy has contributed to an estimated net loss of $13 million in tuition revenues.
Listen to hear Evan Robins interview Trent’s VP, Finance and Administration, Tariq Al-Idrissi, about the implications of the deficit for Trent in the coming year.
