Colleges respond to economic crisis

2 percent cut

Anticipating many new requests for financial aid, Boston College President Rev. William P. Leahy on Nov. 20 announced a university-wide 2 percent budget cut to increase the school's financial aid budget.

The cut will total $2.5 million. In a letter, Leahy stated that the need for additional funds will be "critical," especially as "some BC families struggle with lost jobs and diminished home values."

At left, Leahy (left) with Secretary of State Condoleezza Rice at a BC graduation.

2 percent cut Anticipating many new requests for financial aid, Boston College President Rev. William P. Leahy on Nov. 20 announced a university-wide 2 percent budget cut to increase the school's financial aid budget. The cut will total $2.5 million. In a letter, Leahy stated that the need for additional funds will be 'critical,' especially as 'some BC families struggle with lost jobs and diminished home values.' At left, Leahy (left) with Secretary of State Condoleezza Rice at a BC graduation.
David L Ryan/Globe staff