Cheyney University president: school expects to post balanced budget by end of fiscal year

Jay Scott Smith
March 05, 2019 - 8:18 pm

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DELAWARE COUNTY, Pa. (KYW Newsradio) — Cheney University made a pair of major announcements Tuesday including one about its once-massive budget deficit.

The historically black college announced that it has expanded a pair of partnerships with Thomas Jefferson University and the Epcot Crenshaw Corp., an environmental tech company based in West Chester.

"Epcot Crenshaw is going to take one of our existing buildings and create its laboratory in one of our existing buildings. That will be one the first projects we'll have underway. This will give our students an opportunity to intern right on campus," said Cheyney President Aaron Walton. 

Walton also announced that their expanded partnership with Jefferson will see a new medical facility built on the campus in the coming.

Jefferson's hope is that it becomes a potential pipeline for Cheyney students to get into medical school. Walton said that there is still not a clear idea on what the facility would be. 

"We can't say what that is because they've gotta evaluate the needs of this area and this region and this community," he said. 

During the press conference Walton also announced that the school, which has been mired in financial issues, expected to post a balanced budget by the end of the fiscal year, having erased a $7.5 million deficit in two years.

"This is a great day for Cheyney University because I think that Cheyney University has positioned itself to tell its own story instead of having others tell it for them," Walton added.