Highly Reliant on Tuition
As enrollment declined, the share of revenue the three colleges received from tuition and fees fell sharply. Federal money, or "government grants and contracts," received in the wake of the pandemic in the 2021 fiscal year helped bolster the colleges' finances, but it wasn't enough.
Revenue sources as a percent of core revenues
The percentage of revenue the colleges received from tuition and fees dropped sharply between 2011 and 2021, while the share from government grants and contracts rose substantially, though not enough.
