Harvard University facing tough times | The Frugalista

Harvard University facing tough times

by frugalista on November 12, 2008

Harvard
America’s richest university is having financial trouble. Harvard is reviewing its budget and considering shelving its plans to expand because of the shoddy economy. The university, which has a $37 billion endowment, is worried that it will get less federal funding, so it’s being cautious with its spending.  Also, the stock market may play a factor on how the school’s endowment holds up.  We all know what our retirement accounts/stocks are looking like in ths economy. Harvard is no different.

This is a shame! Harvard always churns out presidents. On a good note, the next president may have to come from this school. hehehe! Bison!

What do you think about Harvard having to mind its budget? Big whoop?  Do you think this is a bad sign for education?

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