Jul 9, 2013 8:32 AM by AP
Loyola University officials are bracing for a significant decrease in enrollment in the wake of a 45 percent drop in the number of students committing to the school by the traditional May deadline.
The dramatic decrease is detailed in a May 17 email to the university's staff.
In the email, President Kevin Wildes lays out several unappetizing scenarios - including the possibility of reductions in salary and compensation budgets, buyouts or a draw-down from the school's endowment - that may be necessary to make up the millions of dollars the school will lose due to its smaller freshman class.
Overall, the school has a student population of 5,082 students, 536 faculty and about 736 staff, plus graduate assistants and student workers.
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