Hard times, part 1 of 3: Economy hurts colleges
With the economy floundering, university presidents around the country have unleashed a flurry of memos in recent weeks, reacting to the crisis with varying degrees of alarm. But throughout, at least one university has been relatively sanguine: Yale.
The University has more flexibility than most, analysts said, thanks to its $22.9 billion endowment. Some of the University’s peers already know they are in trouble. But it is not yet clear how hard Wall Street’s tumble will hit Yale.
University President Richard Levin said in an interview last week that talk of further...
Cornell is a far bigger school than Yale as well as having a smaller endowment.
Cornell educates more students.
So it will always have a tougher time with monies.