Harvard Hit by Loss as Crisis Spreads to Colleges
Hi Guys,
Last week, The Wall Street Journal carried a story, “Harvard’s Endowment Drops 22% in 4 Months.”
It seems that even the mighty Harvard isn’t immune to the woes afflicting the financial markets. Harvard announced that it would curtail spending and look at other ways to cut costs.
The Harvard endowment, the biggest of any university, stood at $36.9 billion as of June 30, meaning the loss amounts to about $8 billion. That’s more than the entire endowments of all but six colleges, according to the latest official tally.
It’s unconfirmed, but I have it on good word that they’ve taken the drastic steps of suspending their afternoon teas at the Harvard Club!
It’s unclear what effect our recession will have on grants, scholarships and other financial aid at colleges across the U.S.
Here’s the good news: so far, many institutions have indicated that they will do everything possible to maintain, or even increase, student aid!
If you have a student who will be enrolled in college anytime between now and the next few years, you need to roll up your sleeves, dig in and research which schools are offering money. You also should identify the colleges that are not doling out the dollars anymore.
Yes, some schools have more money than others.
Wouldn’t you like to know who has what BEFORE your student applies?
Attend one of our final college funding workshops next week and I promise you’ll learn a heckuva lot of “inside” information that you’ll never find out anywhere else. Info that you can use to save tens of thousands of dollars in college costs.
http://s2198.collegeplanningwebsystem.com/events
Best,
Jeremy
P.S. These are our final workshops this year. If you have a senior in high school, you are on “life support”
when it comes to college funding. It’s now or never.
P.P.S. I was kidding about the teas.
Jeremy Farmer
Co-Host, “College Planning Power Hour” Sundays at 5PM on 1070AM
Check our FREE college funding workshop schedule (space is very limited):