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The University of Maine faces an $18M shortfall, raising tuition and cutting staff and programs to ensure sustainability.
The University of Maine faces an $18 million budget shortfall and plans a 3.9% tuition increase for in-state students and 4% for out-of-state students, raising costs to $13,230 and $38,340 respectively.
To close the gap, the university will cut $11.3 million from its budget, use $5.5 million in reserves, seek $2.3 million in state funding, and eliminate fewer than 10 staff positions without laying off faculty.
The financial challenges stem from inflation, declining enrollment, reduced federal funding, and deferred maintenance.
The school is reviewing all academic programs, with potential eliminations including the Master of Arts in Teaching Spanish and a suspension of the medical laboratory sciences bachelor’s degree, as part of a broader effort to ensure long-term sustainability.
La Universidad de Maine enfrenta un déficit de 18 millones de dólares, aumentando la matrícula y recortando personal y programas para garantizar la sostenibilidad.