Graduate student population to shrink, departments asked to trim expenses in FY2027 operating budget

Luke Grippo
Daily Princetonian

As the University undergoes budget reduction measures, the Board of Trustees has officially approved the operating budget for the 2026–2027 fiscal year. In a report recommending key budget parameters, the University signaled the beginning of a “gradual reduction” in graduate student enrollment, asked academic and administrative units to trim budgets, and revealed curtailed funding available for faculty raises and graduate students. 

While subject to change, the total operating budget for fiscal year 2027, which runs from July 2026 to June 2027, is currently set at $3.407 billion — a small increase from this year’s projected spending of $3.336 billion.

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