9/25/2023 0 Comments Rider university housing![]() When Dell’Omo interviewed for his current role, he said he met with Student Government Association (SGA) leaders and asked them the biggest issue surrounding Rider. ![]() Removing the pandemic-plagued 2020-21 school year, the average rate of undergraduate students living on campus is 56% and first-year students 82%, according to Fenneberg. That’s major revenue, and it’s just lost,” Dell’Omo said. “We’re talking anywhere from 500 to 800 empty beds on campus. 27 interview, President Gregory Dell’Omo said Rider has a capacity of nearly 2,400 beds. In the fall of 2021, Rider welcomed 1,605 occupants, and at the beginning of the 2022-23 academic year, that figure only grew by 10 students. Residential numbers rose to a more stable number as restrictions eased heading into the 2021-22 school year however, the number of residents were still not back to pre-pandemic figures. A small percentage of the auxiliary costs is from outside programs housed at Rider. Nearly all of the vanished revenue is from refunds to students in the spring of 2020 and the more than 50% drop in residents the following fall. The $34 million figure accounts for the 20 fiscal years, a nearly two-year span from Jto June 30, 2021. Rider issued refunds after sending students home in the spring of 2020 because of the pandemic and only registered 915 on-campus occupants in the fall the result was approximately a $34 million loss in auxiliary revenue, according to an email from Vice President for Student Affairs Leanna Fenneberg. … You have a base model where you have to provide services, you have to provide dining options and everything for the students and that model generally doesn’t grow as much, sort of in conjunction as the residents grow.” “The model is that you have certain baseline expenses that you have that is generally supported by revenue. ![]() “It really creates a challenge,” said James Hartman, Rider’s vice president for finance and chief financial officer. Weeks became months, and Rider’s campus was one of many left desolate at the beginning of the 2020-21 school year, with classes mainly taking place via Zoom, in-person campus events nonexistent and strict social guidelines being enforced.įor a university that was already trying to find itself financially, the consequence was more than $30 million in lost revenue. Once COVID-19 catapulted its way throughout the country, the university sent students home in March of 2020, expecting to return in a matter of weeks. When residents arrived at Rider University for the beginning of the school year from 2016 to 2019, the school reported more than 1,900 occupants each fall, according to statistics given to The Rider News As a result, the school housed more than 2,000 undergraduate students that fall. In 2017, Rider welcomed one of its largest freshman classes in recent memory.
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