Everybody's making cuts in the current economic state, and higher education institutions are no exception.
Universities across the country are laying off staff and cutting budgets where they can. Bloomberg News reports that as schools are freezing professors' pay, they're having to look at their own presidents for leadership. At Middlebury College, spending has been cut in half on events, staff and maintenance at the president’s house. Bloomberg says cutting back on presidential salaries and administrative budgets won’t affect the large cuts that colleges and universities will have to make over the next few years to keep up with the economy.
Universities across the country are laying off staff and cutting budgets where they can. Bloomberg News reports that as schools are freezing professors' pay, they're having to look at their own presidents for leadership. At Middlebury College, spending has been cut in half on events, staff and maintenance at the president’s house. Bloomberg says cutting back on presidential salaries and administrative budgets won’t affect the large cuts that colleges and universities will have to make over the next few years to keep up with the economy.
