LAFAYETTE, La. (KLFY) -- The University of Louisiana Lafayette is in serious financial difficulty, according to reports.

As reported in The Current, UL’s interim president Interim President Jaimie Hebert revealed a $25 million “structural deficit” Wednesday requiring substantial cuts to balance.

Hebert said administrators and department heads had met for weeks and agreed to reduce spending by 10% across most divisions, identifying as much as $15 million in budget savings, according to reports.

In a letter circulated Wednesday, Hebert vowed to protect UL’s academic programming as administrators look for reductions. Read the letter in its entirety below:

Dear friends,

At the State of the University in August, I outlined our fiscal outlook. Today’s town hall offered a more focused conver

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