Rutgers University announced plans to freeze tuition and cut the pay of senior leadership and new construction to stave off the financial challenges of the coronavirus pandemic.

University President Robert Barchi said he will recommend to the Board of Governors a tuition freeze at current levels for undergraduates in the 2021 budget.

Meanwhile, he and other members of senior leadership will take between 5 and 10 percent pay cut and major construction projects will be halted as the university forecasts a $200 million loss in revenue in its current budget and potentially an even greater shortfall in 2021, according to Barchi.

“Rutgers will weather this storm, but our university—and indeed all of higher education—confronts perhaps the greatest academic and operational challenge in its history,” Barchi said in a letter sent Friday to Rutgers staff and students.

Barchi, who is leaving his position at the end of the school year, earns a base salary of $705,305 at the gig, public records show.

It’s not yet clear what will happen to the 3,000 adjunct professors at New Jersey’s flagship public university, who fear for their jobs during the belt-tightening, NJ.com reported.

Barchi will join chancellors, executive vice presidents, the executive director, and head coaches for football and men’s and women’s basketball in taking the 10 percent pay cut over the next four months.

“The steps we are taking today will help us address the immediate impact of the COVID-19 outbreak, but they are only the beginning of what we must consider,” Barchi wrote.

“Equally substantial steps will be needed as we craft a budget for the coming year.”