University of California-Davis Medical School Chancellor Carol Bellucci has announced the medical schools will be shuttered for the rest of the fall.
The decision is expected to save more than $50 million in medical school tuition costs for the coming year.
Bellucci announced the decision in a letter on Wednesday.
The university had faced a $4.6 million budget deficit and has been seeking a loan from the federal government to pay for the closure.
Belluci said in the letter to students that she would “ensure the medical education is available and accessible to all students regardless of income level, gender, race, ethnicity, religion, marital status, or ability to pay.”
The University of Virginia Medical School was also scheduled to be shut down for the fall, but that school had a much lower budget deficit, according to The Wall St. Journal.
The medical schools were scheduled to remain open through the fall semester, but they will not be open to students for the entire semester.
Bellucios letter also calls on the university to adopt new policies that will help students who are unable to pay.
The universities’ budget was $3.6 billion in 2019, and the university will lose $1.6 in annual revenue and $6 million in tuition revenues this year.
The news comes just a week after the University for the Advancement of Science announced it would close its medical school in 2019 after a $6.7 million deficit.
The University at Buffalo, which had $8.6 a class, will also be closed, but its budget will not increase.