Livingstone begins budget cuts after federal student aid drops - Karissa Minn, Salisbury Post

Livingstone College is tightening its budget and looking at layoffs as drops in federal aid bring down enrollment. In a March 8 letter to faculty and staff, President Dr. Jimmy Jenkins said the college will be making “budget adjustments” because of changes in federal standards for certain student and parent loans. According to the letter, the college has started to identify positions to be eliminated or the number of personnel reduced. In addition, Livingstone has already instituted freezes on hiring, salary increases and unrestricted spending. We will continue to do our best to manage the budget in ways that will advance the college’s ongoing goals and objectives, while strengthening the institution to serve our valuable assets, the employees and our students,” Jenkins wrote. http://www.salisburypost.com/article/20130324/SP01/130329848/1023/livingstone-begins-budget-cuts-after-federal-student-aid-drops