College endowments down by 6 percent
A survey conducted by the National Association of College and University Business Officers found the average college endowment of 660 institutions to have taken a sharp, 6 percent downturn over the past fiscal year.
The survey's results showed college's endowment levels at their worst since 1974. They come at a time when an increasing number of states are losing state aid and cutting educational programs, faculty and staff.
"It's forcing academic leadership throughout the country to really think about what's most important," said Scott Malpass, vice president and chief investment officer at the University of Notre Dame, to the Associate Press.
Colleges usually spend 5 percent of their endowments every year, according to the AP.
According to the association that conducted the study, the losses can be harmful, but when compared with the gains made during 1992 and 2000, they do not seem as damaging. The association reports that during these times period endowment growth percentages were in the double digits.
"You had the greatest expansion probably in the history of higher education in terms of scholarship aid, new facilities and new programs," Malpass said.
Civil Rights activist to address University
Diane Nash, one of the founding members of the Student Nonviolent Coordinating Committee, will speak to students on the legacy of Dr. Martin Luther King Jr. on Monday.
A week after the nation's celebration and remembrance of King, Nash will address students in Newcomb Hall Ballroom at 7 p.m. with a lecture entitled "Charismatic Leadership Has Not Freed African-Americans and It Never Will."
Nash was a prominent leader during the Civil Rights movement with her involvement with the student sit-in movement in Nashville, Tenn., the Right to Vote movement in Selma, Ala. and her appointment to the national committee that helped promote the Civil Rights Act of 1964.
Read More
Students have federal internship offers rescinded due to hiring freeze
By Nina Broderick | 2 days agoUntil July 15, no presently vacant federal civilian positions may be filled, and no new positions may be created.
Man dies from self-inflicted gunshot wounds at the Rotunda
By Ford McCracken | 2 days agoThe investigation is ongoing, and additional details are not available at this time.
Virginia primary elections feature contested race for Democratic Lt. Gov. candidate
By Nicolas Biernacki | 3 days agoEligible voters can find more information about early voting by consulting the City Department of Voter Registration & Elections website or the County Department of Elections website.
