President John J. Hurley addressed the state of the college in relation to the college’s financial health and the declining enrollment in the first installment of his annual convocation speech.
Due to the threat of COVID-19, President Hurley has decided to release a series of videos which will each address a different topic that can be located on Youtube or on the Canisius’ blog, “The Dome.”
Within the first-installment released last Friday, President Hurley released the findings from the recent census that gathered data concerning final enrollment results for this academic year. He noted that Canisius gained a total of 507 new students, which includes, 415 freshmen, 77 transfer students and 15 readmits.
The biggest drops in applications are from women in their primary market of Western New York.
To combat this decline in enrollment, President Hurley said that Vice President for Enrollment Management Dr. Danielle Ianni, who has been noting these areas of decline based on the data, plans to meet with several groups on campus to share her ideas to improve these numbers.
“In our work this summer, we also learned that we need to build a better understanding of the college’s finances across the entire college community: faculty and staff,” President Hurley said.
“We’re not alone in this as a Chronicle of Higher Education article last month asked, what if everyone on campus understood the money? We all need to understand the drivers in our budget, where we get our revenue from, where we spend it.”
Expenses due to COVID-19 will continue to grow over this year and the college needs to closely monitor their expenses.
He said that reaching the college’s goal of financial stability all comes down to enrollment. President Hurley urged the Canisius community to work together in helping to recruit the college’s next class.
“As I consider all that we’ve gone through this year whether it’s COVID-19, racial issues, social and political divisions, and yes, our financial challenges,” President Hurley said. “We’re forced to question and confront the nature of change: how it hurts, how it pushes us into places of total discomfort and how we hope it helps us to grow and evolve.”