The University of Louisiana at Lafayette is grappling with a major financial crisis. Initially believed to be a $25 million shortfall, the deficit doubled to $50 million, but is down to $10.5 million. Edwin Litolff, UL’s chief financial officer, noted that the deficit has been a growing concern. The university is now focusing on cost-cutting measures to address the financial challenge. The university plans to implement a budget for the first six months of the 2026-27 fiscal year, considering the critical timing of these financial adjustments…