The University of Arizona holds major concerns for its financial future, especially the people within. Employees will face pay raises being held off and potential students may have an affected level of financial aid. There is even discussion of sports being cut due to a 55 million dollar loan that contributes to the miscalculation of UA’s “cash on hand.” UA President Robert Robbins also made a statement that their undergraduate tuition plan may change their tuition and fees during enrollment.

As of November 2, the University of Arizona has been given until December 15th to establish a plan that addresses the 240 million dollars short of the budget for 2024. The university had planned to have 156 days of cash on hand for the fiscal year 2024 (school year). As of now, UA has 97 days’ worth of cash on hand, which is around 30% of the original estimate. The vice president and chief financial officer Lisa Rulney says their plan to turn the crisis around is to make a 2% budget reallocation for the 2024 fiscal year. The reallocation means that certain programs will have a budget cut, most likely being sports since President Robbins had also stated that funding in the past few years for athletics has underperformed. UA will need to work quickly to establish a plan to sustain a normal college experience for employees and students across the university.