Texas Southern University is contending with a nearly 10 percent loss of enrollment, a $7 million budget shortfall and a drop in its bond rating.
It would take an additional 300 to 400 students next year to close the budget gap. The Houston-based university has 7,744 full-time students but President John Rudley wants to push that number in excess of 10,000.
The Houston Chronicle reports schools across the country saw students depart after the federal government squeezed the flow of financial aid. Historically black schools, like TSU, are particularly vulnerable because the majority of students rely on grants and loans. Eighty-two percent of TSU students depend on federal financial aid.
The university’s financial woes come after Rudley has worked to improve its standing, such as by tightening admission requirements.