# University of Vermont financial and enrollment management > Live situation record from CLSTR: https://clstr.news/situations/university-of-vermont-financial-and-enrollment-management > Updated: 2026-09-09T19:04:34.000Z. Sources: 5. Developments: 2. The University of Vermont (UVM) has taken steps to address financial and enrollment challenges. In August 2026, President Marlene Tromp announced that the university closed a projected $12 million budget deficit by eliminating vacant staff positions and addressing operational inefficiencies. This financial stabilization occurred alongside a decline in student numbers, including a 15% drop in freshman undergraduate enrollment. To combat enrollment trends and the “demographic cliff,” UVM announced a new tuition discount program for students from select New England states. Starting in fall 2027, eligible first-year or transfer students enrolling in 31 specific majors—focused on agriculture, life sciences, education, social services, and natural resources—will receive a 35% reduction from standard out-of-state tuition. Vice President of Enrollment Management Jay Johnson stated the initiative is intended to provide more affordable pathways to careers in community-impact sectors. ## Timeline ### 2026-09-09: University of Vermont announces tuition discounts for New England students Starting fall 2027, the University of Vermont will offer a 35% tuition discount to New England residents enrolling in 31 specific majors related to agriculture, education, and environmental sciences. 2 sources. https://clstr.news/cluster/university-of-vermont-announces-tuition-discounts-for-new-england-students ### 2026-08-25: University of Vermont closes $12 million budget deficit The University of Vermont has closed a $12 million budget deficit by cutting vacant positions, despite a 15% drop in freshman enrollment and broader demographic challenges in higher education. 3 sources. https://clstr.news/cluster/university-of-vermont-closes-12-million-budget-deficit --- Cite as: University of Vermont financial and enrollment management. CLSTR, https://clstr.news/situations/university-of-vermont-financial-and-enrollment-management