Why are food service costs increasing as enrollment decreases for this private college?

Name: Why are food service costs increasing as enrollment decreases for this private college?
Uploaded: 2025-05-14T02:06:20+00:00
Duration: 44 s
Channel: Gary Stocker
Description: A private college's enrollment fell from 2,000 students to far fewer in 2023, yet food service costs jumped $400,000 to over $2 million. The speaker says…

14 May 2025 · 1 min

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A private college's enrollment fell from 2,000 students to far fewer in 2023, yet food service costs jumped $400,000 to over $2 million. The speaker says this doubling from $1.6 million in 2021 far exceeds inflation and demands immediate renegotiation.

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themselves appear high, and that food service contract is the one that's being flagged here. This is very interesting. So remember, they're in 2022, they had almost 2,000 students. '23, they had far fewer students, yet the price of their food service contract went up by $400,000. Ouch. That's not normal, I'll tell you that right now. And that's not something you would expect to see with inflation. They need to renegotiate this contract, I would say, like, immediately. Uh, that's not right. Um, and so where was their last food service? Yeah, in 2021 it was $1.6 million, and they were far larger than that, right? It's more than doubled in 2 years.