(LEHIGH VALLEY LIVE) – The Pennsylvania State System of Higher Education is still staring at an existing $62 million budget gap for 2019-20, but its students aren’t the ones who are going to fund it, Chancellor Daniel Greenstein said.
“We’re going to manage as effectively as we possibly can over the course of the next several months,” he said Wednesday after the board of governors unanimously voted in favor of a tuition freeze. It’s the first time in 21 years that the state system hasn’t increased tuition.
A number of new affordability goals are being utilized by the state system, among them “shared services,” Greenstein explained. As they’re developed, approved and implemented, Greenstein said cost savings will emerge.
“It will take a while to kick in and get revenues generating from them,” he said.