Poor Economy Creates Real Limitations For Harvard

Many universities face shaky finances because of declining state aid and weakened returns on endowments. At Harvard—and some of its Ivy League peers —the recession has lingered because of an unusually heavy dependency on their endowments for operating income. Harvard is spending again in some areas, and financial aid to students has risen substantially since 2008. But a new awareness has taken root that resources are not as bountiful as they once were. "Limitations have become much more real," said Harvard Provost Alan Garber. Read more at:
http://online.wsj.com/article/SB10000872396390444130304577559141673496810.html?mod=ITP_pageone_1#