Amid a deepening financial crisis that has sapped college endowments, college and university officials are grappling with the growing fear that the Wall Street turmoil could cast a shadow over nearly all their operations...
"Everything is on the table in this context," said Dennis Nealon, a spokesman for Brandeis University. "Colleges and universities can't pretend this isn't going to have an effect on us"...
At the same time, public colleges and universities are bracing for imminent cuts to state government subsidies that could lead to higher costs for students.
"Depending on their severity, there could be fee increases for the second semester," said Robert Antonucci, president of Fitchburg State College.
Sunday, October 05, 2008
You're In High School And Think This Financial Mess Doesn't Apply To You?