ll take effect next month at Loyola University in New Orleans, which has announced that it anticipates a budget shortfall of as much as $9.5 million because of lower-than-expected freshman enrollment.

The private university said Wednesday that it expects an incoming first-year class of approximately 600 to 625 students, short of its enrollment goal of 875.

In addition to the August hiring freeze, the university is considering other cost-saving measures: Under consideration are retirement and severance packages, reduction of work hours for some positions and reduction of 12-month positions to 10-month positions.