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Delta State’s Financial Issues Discussed at the State Capitol

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CLEVELAND, Miss.–Delta State University’s financial problems were part of a presentation to the House Committee on Universities and Colleges Wednesday at the state Capitol.

“We have a new president at Delta State who is working diligently to try and right the ship there and improve the situation financially at Delta State,” said Dr. Alfred Rankings, commissioner of the state Institutions of Higher Learning board. That statement was made against the backdrop of a slide showing that DSU is the only public university in Mississippi, that is essentially in the hole.

The chart shows Delta State in the red in Debt Service Coverage, Days of Cash and Equity Ratio.

The chart shows that enrollment has improved six percent for fall of 2024, compared with fall of 2022, with a head count of 2,556 students, an improvement of 160.

“Each institution utilizes different strategies, based on markt reach, where they’re trying to attract students and where they think they can grow,” said Rankings.

Delta State has a smaller percentage of out of state students than some of the other universities. Tuition for out of state students is sometimes much higher.

Another presentation indicated that universities in the state are trying to reach more people to convince them that a college education is worth the money. That same presentation showed that colleges are faces a “cliff” across the country, meaning enrollment is expected to drop in the next 15 years.