Today is the last day of finals at the University of Denver, and graduation ceremonies take place this Friday and Saturday. Things seemed pretty normal as I walked across the campus yesterday afternoon, but big changes are coming. Earlier this spring DU announced that it was dealing with a 20-to-30-million-dollar budget shortfall. Much of this is due to reductions in the number of international students, the overall decline in the number of college age students, and the Trump administration's funding cuts. DU has stated that it will be able to balance the 2027 fiscal budget by reducing expenses and leaving vacant jobs unfilled. Plus, over the past two years, 10% of DU staff and faculty have accepted buyouts as the university has cut staff. DU has gone from an enrollment of 14,130 in the fall of 2021 to 11,499 in the fall of 2025. And so yesterday, in order to deal with this trend, DU announced that there will be a major academic restructuring that will involve closing and merging departments and closing schools. This will, of course, result in more jobs being eliminated, but DU did not give out any specifics.
I take a special interest in all of this because I worked as the Finance Manager at the DU Bookstore for almost 30 years before the store was outsourced to Follett Higher Education Group and all bookstore staff were laid off. In my case, I "retired," but with the same result. It now appears quite a few DU employees will be experiencing the same fate. Of course, this financial crisis has not stopped DU from buying The Cable Center, a cable museum and event space located on campus, for 19.5 million, and constructing the STEM Horizon Building, an 80,000 square foot facility for 112 million. Private colleges and universities across the county are dealing with major challenges, and a recent survey has predicted that 442 out of the nation's 1,700 private institutions could close in the next decade. However, Chancellor Jeremy Haefner has stated that DU is not in that group in trouble of surviving, since it has an endowment of around $1 billion. Not much comfort for those who will be going through what Haefner calls "some rightsizing of our employees." And by the way, I took the photograph above of Driscoll South, where the DU Bookstore is located and I spent those nearly 30 years, from directly across the street in the University of Denver Community Commons, which became fully operational in 2021 and cost $54 million.













