New England College Faculty Give Up Paychecks To Fill Budget Gap, Avoid Layoffs - Tyler Kingkade, Huffington Post

Faculty at New England College in Henniker, N.H. are volunteering to give money out of their own pockets to help fill a budget gap at the school. Director of Public Information Kathleen Williams said the college was facing a $350,000 shortfall over the next three months, through the end of the current fiscal year. They attributed it to an unexpected drop in graduate students. Professors and faculty at the school met on March 23 and decided donating a week's worth of pay could make a dent in the budget gap. WMUR reports that within two days, they had collected $100,000. College officials said that money could be used in combination with furloughs to avoid layoffs.