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"The volatility is paralyzing, I think everyone is asking hard questions now." Lawrence Bacow, President of Tufts University about budgetary woes facing colleges |
Funding crunch has colleges scrambling
Sweeping plans altered or halted
For years, it seemed simple: Donations rolled in, the booming stock market multiplied them, and college endowments swelled. At the wealthiest schools, millions became billions, and even small colleges amassed sizable fortunes. (Full article: 1152 words)
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