West Virginia University had a challenging year, with budget cuts and staff reductions, but university officials say they are hopeful for a more secure financial year ahead. There are potential financial issues that could arise. The university was expecting a financial gap of $45 million during this fiscal year. To close this gap, they made a decision to raise tuition by 3%, employ budget reserves, and trim staff and programs. By following this approach, WVU managed to decrease expenses by $21 million. The remaining balance of $24 million was covered using reserves. In the coming financial year, WVU has set up strategies to lever the $24 million gap.