North Carolina Central University is facing growing financial pressure as UNC System leaders continue lobbying state lawmakers for enrollment funding during ongoing budget negotiations, according to reporting from WUNC News.
NCCU Chancellor Karrie Dixon told the UNC Board of Governors this week that additional state support is critical as the Durham-based HBCU works to strengthen its long-term financial position while managing campus growth.
“As our enrollment continues to increase, growth has already contributed to improve our CFI score,” Dixon said during committee meetings Wednesday. “However, that growth must be adequately supported in order to continue addressing NCCU’s enterprise risk, expand critical student support services, reduce reliance on non-state resources to sustain growth, and maintain the university’s positive financial trajectory.”
NCCU falls below UNC System financial benchmark
According to WUNC News, North Carolina Central was the only public university in the UNC System that failed to meet the system’s overall Composite Financial Index benchmark during the latest review period…