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"The president of Wellesley College says the school is cutting staff by about 80 people, as the severe economic conditions continue to reverberate across the region's higher education institutions."
^^Yes, some students on campus have been staying in tents to protest. I'm not quite sure what they intend to accomplish with doing that, but I suppose it brings attention to the matter.
I am glad that financial aid has not been affected.
That has yet to be determined. I'm sure things will get sorted out once the recession is over; however, no one really knows when the economy will be back to where it was.