Dive Brief:
- To help balance its budget, Suffolk University in Boston will freeze employee salaries for the fiscal year that begins July 1.
- The school is facing an $11 million drop in revenue, with a smaller-than-expected enrollment for its law school, a slight enrollment dip for new undergraduates, and flat graduate enrollment, the Boston Globe reports.
- The $743,000 increase of Suffolk's contribution to employee health insurance costs was also contributed to the decision.
Dive Insight:
The university says it will try to contain other costs while stepping up its recruiting efforts. Suffolk said the salary freeze will help it minimize tuition increases, and that future salary increases will be a top priority. The university had a budget of $319 million for the current fiscal year, with about 8,800 students. Tuition is currently about $32,000 per year, and the total cost for students living on campus is about $50,000 per year.