Memorial University recently approved several initiatives to address a projected funding shortfall. Memorial is reporting a 5.4% decline in Fall 2024 enrolment compared to the previous year, leading to an anticipated loss of more than $9.5M in tuition revenue. In response, the university is implementing a limited hiring program that restricts the filling of new or vacant positions, prohibiting units from carrying over surpluses, and developing a new budget model. Memorial President Neil Bose assured CBC that tuition fees will not increase. “We are planning for the future to ensure the university continues to focus on its core mission,” read a statement from Memorial. “The end result will be a more focused, likely somewhat smaller, well-funded, culturally rich institution.”
