• Modifies a condition to forgiveness of the Loans to provide that JU needs to demonstrate it has achieved an overall enrollment of at least 175 students prior to 9/30/27

Finance Committee · 2026-06-16 · agenda_item

This item concerns a modification to loan forgiveness conditions for JU. The Finance Committee of the City of Jacksonville is reviewing a change that would require JU to show an overall enrollment of at least 175 students before September 30, 2027. Currently, the requirement is for JU to have an average enrollment of 175 students for two consecutive academic years before that date. JU's Fall 2025 enrollment was 135 students, and Fall 2026 enrollment is 211 students, averaging 173 students over the two years. This proposal is currently under review by the Finance Committee. If approved, this could involve administrative support, financial consulting, and legal services related to loan agreements and compliance. Businesses specializing in these areas may find opportunities by engaging early, before final decisions are made.

overall enrollment

175 students

academic year enrollment

175 students

Fall 2025 enrollment

135 students

Fall 2026 enrollment

211 students

average enrollment

173 students