The College announced on April 12 that, starting in the fall, it will be expanding its evaluation of student financial need—a decision that is expected to increase the student aid budget by an average of $3.5 million each year.
In an email to the community on Monday morning, President Clayton Rose announced the appointments of two new Senior Vice Presidents (SVP) following the recent resignations of SVP and Dean of Admissions and Financial Aid Whitney Soule and SVP and Chief Investment Officer Paula Volent.
The College’s most recent operating budget for the 2020-21 fiscal year (FY) has been set at $173.54 million. The new budget, voted on during last month’s meeting of the Board of Trustees, constitutes a modest 1.27 percent reduction from the FY 2019-20 budget, but a .84 percent increase a provisional budget passed last June.
The Student Activities Funding Committee (SAFC) recently announced it will have a $165,000 budget for the fall semester. This total includes approximately $65,000 for operating budget clubs such as Bowdoin Student Government (BSG), The Bowdoin Orient and College Houses.