COVID-19 Updates: Fall Semester

Annual Financial Results

Middlebury has been running an operating budget deficit since FY 2013. A number of factors contributed to this change. One was a slowing of revenue growth following the decision to limit tuition increases at Middlebury College to 1 percent above the Consumer Price Index at a time of historically low inflation. Another was a growth in financial aid expense at the College as Middlebury intensified its efforts to enroll more diverse classes. And a third was a growth in the number of staff, which followed deep reductions made during the economic crisis of 2008–2009. The chart below shows Middlebury’s operating results since 2008.

Office of Finance


The Office of Finance supports financial management across Middlebury’s schools and programs. It oversees the institution’s annual budget-setting process, short- and long-term financial forecasts, payroll, investments, debt, and cash management. In addition, the office manages business services, and the institution's business information systems.

Alberto Citarella is the Associate Vice President for Finance and Assistant Treasurer. 

If you are a student or parent with a question about student billing, financial aid, or student health insurance, please contact the Office of Student Financial Services at (802) 443-5158 or