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Another Highlight

Private Colleges and the Economic Downturn


How private colleges are being impacted -- and responding to -- the economic turmoil

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The endowment quandry


November 16, 2008


The financial market meltdown over the past few months comes at a heavy price to private colleges, including many in this region whose endowments shrank anywhere from $1.6 million to $30 million.  The economic downturn, volatile markets and fears of tight credit are causing college money managers to rein in spending and re-evaluate their portfolios.  Schools have responded by enacting partial hiring freezes, delaying construction and shifting investments.  (Regional emphasis)


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