Budget Change Request - DePaul University - Financial Affairs 2025

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Largest Catholic University in US Faces $56 Million Budget Gap. The Lincoln Park campus of DePaul University in Chicago. DePaul University is facing financial pressure after the pandemic intensified declining enrollment and widened the Chicago private schools budget gap.
Largest Catholic University in US Faces $56 Million Budget Gap. The Lincoln Park campus of DePaul University in Chicago.
If you need more information, have questions or just need further explanation, please call us at (312) 3628610 or send us an email at studentaccounts@depaul.edu.
DePaul had $223 million of bonded debt at FYE June 30, 2023, and about $45 million in lease obligations, equal to $274 million in total adjusted debt. The universitys debt structure is conservative with fixed-rate debt and rapid principal amortization.
For additional information, questions, or further assistance, feel free to docHub out to us at (312) 362-8610 or create a case in OneDePaul.
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Last year, DePaul faced a $56.5 million budget gap and a decline in enrollment after the pandemic, a trend in academic institutions across the country. Now at the start of the next academic year, a university spokesperson confirmed the budget gap is closed.
As we mentioned in a message sent to the university community earlier this week, we are pleased to report that the DePaul University Board of Trustees unanimously approved the universitys $597 million operating budget for fiscal year 2025.

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