Officials there say the school’s endowment lost about $104 million so far in the first quarter of its fiscal year.
That translates to an 8.3% loss in its 1.25 billion endowments.
The financial meltdown is forcing colleges around the country to tear p budget plans and prepare for a simultaneous hit to their three major revenue sources-government funding, donations and tuition.
At the same time, they have to find more money for one of their major budget items-financial aid-or risk seeing students drop out.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.