(Akron) - The University of Akron will be making cuts to offset a projected loss of up to 70 million dollars in revenue. University president Gary Miller said in a video message that it will include streamlining the university.
Because of revenue lost, the university has to cut as much as $70 million from its budget for the upcoming academic year.
His plan includes cutting number of colleges from eleven down to five. He did not say which colleges will be cut, or merged with others. The cuts will reduce administrative costs, and build on the university's strengths.
Miller expects to have his plan ready by the Board of Trustees meeting in June.
(Copyright 2020, iHeartMedia)