Enrollment is down 18 percent this fall at Midway College, a private institution in Kentucky, The Lexington Herald-Leader reported. As a result, the college is eliminating the positions of about a dozen of its 54 faculty members, and ending all employer contributions to retirement accounts. "As an institution that is so heavily dependent on tuition revenue, cuts have to be made," said John Marsden, the president, in a news release. "After exhausting all other options, some faculty contracts will be eliminated from this fiscal year in order to balance the budget."
Read more here: http://www.kentucky.com/2013/09/10/2814656/steep-enrollment-drop-brings-faculty.html#storylink=cpy