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Yale Faces $150 Million Deficit, Forced to Make Cuts
NY Times article on Yale University announcing that it’s planning a number of steps to close a remaining $150 million budget gap, including cutting staff, freezing salaries for deans and officers, reducing the number of graduate students — even turning down all thermostats to 68 degrees. Richard C. Levin, Yale’s president, and Peter Salovey, its provost, said the measures are necessary because of the drop in the endowment to $16.3 billion last June from its peak of $22.9 billion in June 2008. Many other elite universities have been affected by the economic downturn as well.
Posted in: Human Interest | Tagged: education, school, university, yale |
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