LARAMIE, Wyo. (AP) — A University of Wyoming group has suggested the school grow its student population to more than 15,000 to increase revenue.

The University of Wyoming Division of Student Affairs found with a current enrollment of 12,341 students, UW is losing money on students due to high instructional costs. Instructional costs are about $14,000 per student, compared to about $4,500 paid in tuition by each student.

Officials say raising the student-to-faculty ratio would also reduce inefficiencies.

UW President Laurie Nichols says recruiting has been a problem for the university. About 700 Wyoming high school graduates enrolled for the 2015 school year, a number Nichols says is too low.

Vice President for Student Affairs Sara Axelson says the university is currently working on agreements with community colleges to increase enrollment in the future.