Temple has lost average of $200 million annually as enrollment slides, and retention rates are a major issue, internal report says

Temple University is struggling with declining enrollment and retention rates, resulting in significant financial losses. Over the last eight years, the university has lost 27% of its U.S. enrollment, amounting to an average annual loss of over $200 million. The retention rate from freshman to sophomore year has declined from 90% a decade ago to 82% in 2024, with projections indicating it will fall below 80% this fall. Temple's leaders are taking steps to address the issue, including providing additional support for first-year students and considering administrative cutbacks. The university has received record philanthropic gifts and maintained solid financial ratings, but still faces a projected deficit of $85 million for next fiscal year. Temple aims to improve its finances over the next three years and reach a 2% to 6% operating surplus.