Northern Kentucky University girds for lean times with tuition hikes and budget cuts - Bob Driehaus, WCPO

Northern Kentucky University President Geoffrey Mearns could have asked his board of regents to blunt the effects of a $9 million budget hole by drawing on long-term reserves. But he likened that strategy to a person whose salary was cut drawing on his retirement savings to maintain his spending. Instead, Mearns decided it was time for NKU to face the financial crunch head-on with a combination of tuition hikes, job cuts and a 5 percent cut to nearly every division within the university. http://www.wcpo.com/news/education/northern-kentucky-university-girds-for-lean-times-with-tuition-hikes-and-budget-cuts