DePaul University announced the layoff of 114 staff—about 8% of its workforce—after a fiscal 2026 budget shortfall driven in part by a 62% drop in new international graduate enrollment, university leaders said. The reductions follow months of hiring freezes and cost‑saving measures and are intended to close a roughly $12.6 million gap amid higher institutional aid demands and visa system disruptions cited by administrators. The cuts highlight how federal immigration and visa policies are bleeding campus revenue streams tied to international students, a major tuition source for many institutions. Finance chiefs and enrollment leaders at other universities should reassess international recruitment pipelines, contingency financial models, and partnerships to blunt similar shocks.