Loyola financial struggles continue

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The university earlier this year laid off 18 employees in the face of a $5.1 million budget deficit. Freshmen enrollment in the fall suddenly dropped by 30 percent.

The university also previously offered a voluntary severance for the 2013-14 fiscal year for the same category of employees, but that program had a financial cap.

In the program announced Friday, for the 2014-15 fiscal year, all 162 employees eligible can receive the severance, a university spokeswoman said.