Friday, October 17, 2014

Show me the money: an examination of Whitman’s finances - Lachlan Johnson, Pioneer

As the Now Is the Time campaign approaches its conclusion, the sun is setting on one financial era of the college. President Bridges came to the college in 2005 with the intent of strengthening the college’s financial position and increasing the endowment. While the last fifteen years saw a huge increase in the college’s endowment, this increase was accompanied by equally massive increases in spending by the college and skyrocketing tuition. The result is that students continue to pay roughly the same percentage of the college’s ever-expanding budget, with growth in the endowment only managing to keep pace. http://whitmanpioneer.com/news/2014/10/09/budget-article/