Catholic Colleges Face Harder Financial Times

Learning that the university she was about to lead faced a deficit equal to nearly 10 percent of its operating budget, Colleen M. Hanycz knew it was time for "crisis triage."  Hanycz, who became president of La Salle University in July, oversaw 23 layoffs, about the same number of buyouts of longtime employees, a major reduction in employee retirement contributions, and other belt-tightening - enough to save about $10 million. Not quite enough to close the hole.  Now, Hanycz is interested in leading La Salle in a less frantic and more comprehensive look at every program - academic and nonacademic - to determine which should be maintained, upgraded, added, or jettisoned.