UL LAFAYETTE BUILDS ON FINANCIAL PROGRESS WITH TWO-YEAR PLAN TO ELIMINATE $19.9 MILLION DEFICIT

LAFAYETTE, La., Oct. 16 -- The University of Louisiana at Lafayette issued the following news release:

The University of Louisiana at Lafayette has outlined a two-year plan to eliminate its remaining $19.9 million cumulative unrestricted deficit, building on significant financial progress during fiscal year 2026.

President Ramesh Kolluru outlined the plan during a campus town hall on Friday, Oct. 16. The University aims to reduce the deficit by $9 million in FY2027 and eliminate the remaining $10.9 million in FY2028 through a combination of revenue growth, enrollment and retention initiatives, spending controls and operational improvements.

View the presentation slides here.

"Our institutional deficit developed over years, and addressin...