SVA in New York faces record US$22 million deficit as enrollment drops 34%

SVA in New York faces a US$22 million budget deficit — the largest in its history — ARTnews reported on 11 August 2026. Enrollment has fallen about 34% since 2019. The figure dwarfs the roughly US$8 million shortfall the school's own strategic plan anticipated. Full-time tuition stands at US$27,635 per semester.