Shrinking endowments, state funding reductions and families struggling to pay tuition are forcing many colleges and universities to cut staff and spending or to delay construction and development plans, writes Tony Pugh of McClatchy. From well-heeled Ivy League schools such as Harvard and Dartmouth to large public institutions such as the California State University system, many institutions are facing difficult financial decisions stemming from the nation’s economic standstill.
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Source: University World News, Issue No: 0054 23 November 2008
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