GRAND RAPIDS (WZZM) -- Calvin College administrators are bracing for potential cuts.
A college spokesperson says past investments did not produce the expected returns because of the recession that started in 2008.
The spokesperson estimates Calvin will face a $10 million shortfall in 2017, when its loan payments are due.
Administrators will look at potential cuts or other sources of revenue over the next 16 months. They will make their final recommendations to the board by May 2014.