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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Well it is a sign of the times. There have been other articles about other universities facing hard financial times. ALthough I think harvard will be fine in the long run this may be a very rough patch for academia.
Well, it’s a shame, because clearly they don’t have any money saved up for hard times!
NOT!!!
I think I’d be more worried when regular colleges are having problems. But it’s like the drop in people visiting prostitutes in Nevada. Everybody is getting it right now.
Whatever you do please don’ t raise the tuition!!!
My family is eating breadcrumbs so I can attend here!
http://www.youtube.com/watch?v=d4oyTI0YlBU
I think it’s awful that the best universities have to mind their budget. In my opinion they should have the as much support as the government and community can give them. Some of the world’s most important research comes from the top universities. It would be a shame for science and discovery to come to stand still because of the economy.