Ocean County College’s Drop in Enrollment Results in $3 Million Shortfall
A hiring freeze has been made to deal with this issue.
Asbury Park Press reports.
Ocean County College faces $3 million budget shortfall
TOMS RIVER – Ocean County College, faced with a 7 percent drop in enrollment, has instituted a hiring freeze to help erase a resulting $3 million budget shortfall.
In addition, college leaders have renegotiated contracts with vendors and dipped into the school’s reserves to close the budget gap. They are also reaching across the state and world for new partnerships they hope will bolster the college’s numbers.
This fall college officials expected about 7,300 full-time students to take courses. In fact, only 6,950 full-time students enrolled, according to Sara Winchester, the college’s vice president of finance.
Total fall enrollment, including part-time students, was 8,663 this year, down 633 students, or about 7 percent, from the 2014 fall semester.
Ocean County College faces $3 million budget shortfall (Asbury Park Press)