Endowment Officially Drops 30%
While all signs had already pointed in the direction of a 30% loss for Princeton’s endowment this year, an e-mail from Princeton University President Shirley Tilghman, sent this morning, made the news official.
Posts Tagged ‘economic downturn’
Universities cut back on spending
Over on NPR’s excellent blog Planet Money, Caitlin Kenney writes that public universities all over the country are struggling to find ways to cut their costs in the face of the economic downturn: Universities around the country are bracing for massive cuts as states rethink their shrinking budgets. In preparation for expected budget cuts, many [...]