LAS CRUCES (AP) – New Mexico State University President Garrey Carruthers has announced the school will restructure amid declining enrollment and a new study faulting the way staff is organized.
Carruthers told reporters Tuesday the university expects to save $53 million over the next seven years under a restructuring that seeks to streamline management and IT services.
The university has struggled recently with declining enrollment, increasing costs and shrinking federal funding for research. This year, the university increased tuition by 3 percent to help offset declining revenue.
According to New Mexico State University, its 2015 fall enrollment was 15,490. Officials say that’s a 14 percent drop from 2011.
Citing falling enrollment numbers, Standard & Poor’s recently lowered the school’s long-term rating to “AA-minus” from “AA.