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Worry in academe over water as Lawrence cuts flow
Wisconsin era study shows Lawrence University faces a financial crisis with a rationed water supply to save costs. The 124 year old private college, with a $5.4 million annual budget and $24 million endowment, has incurred deficits totaling about $700,000 over three years. Faculty salaries make up 48 percent of expenses, and tuition is set at $2,635 while Wisconsin residents pay $328 at the state university. The president, Thomas Smith, notes optimism yet questions the duration of this austerity and cites broader upheaval in higher education financing.
MENTIONED IN THIS ARTICLE
Wisconsin
Lawrence University
Midwest
Carnegie Commission On Higher Education
U.S
Yale
Princeton
Stanford
University of Chicago
Clark Kerr
Carnegie Commission
University of California
Lawrence
Liberal Arts
University of Wisconsin
Thomas Smith