- Associated Press - Wednesday, May 20, 2015

ALBANY, N.Y. (AP) - The College of Saint Rose says it’s eliminating 40 positions and cutting employee-benefit and retirement packages.

The private school in New York’s state capital tells the Albany Times-Union (https://bit.ly/1S8XxhF ) it’s making the move to address financial woes brought about by declining enrollment.

President Carolyn Stefanco says the administrative and staff positions are to be eliminated this week in an effort to increase revenue and decrease expenses. Twenty-three of the positions are currently filled, and the remaining 17 are vacant.

Stefanco says the school hasn’t made changes in its financial model since the 2008 recession.

Undergraduate enrollment has declined 9 percent and graduate enrollment is down 24 percent. Stefanco, who became president last year, says as student enrollment declined the number of staff did not.

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