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Cornell faces budget cuts

Dave_BerryDave_Berry CC Admissions Expert Posts: 2,742 Senior Member
edited December 2008 in Cornell University
"Cornell University, the economic crisis’s latest victim in higher education, will freeze hiring, pause construction and review its budget, Cornell said Thursday." Any news from other Ivies about cutbacks?

Yale Daily News - Cornell faces budget cuts
Post edited by Dave_Berry on
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Replies to: Cornell faces budget cuts

  • franglishfranglish Registered User Posts: 2,308 Senior Member
    Office of the President: Financial Message 2008

    This is the letter that Dr. Ruth Simmons, President of Brown University, sent to the community.
  • faustarpfaustarp Registered User Posts: 1,532 Senior Member
    oh, look, Cornell at the top of CC! (sitting in a Cornell library reading this...)

    we all got an email last Thursday about this. here's the article from the Daily Sun: Skorton Responds to Budget Cuts | The Cornell Daily Sun

    I think Cornell would be affected more because of the statutory colleges and their state funding; SUNY is absorbing $200 million of NYS budget cuts. so, rather than looking around the Ivy league, perhaps watching for similar actions elsewhere in NYS, like at perhaps Binghamton, Geneseo, UB, etc. would make more sense. (I think...I haven't been following his incredibly closely...)
  • ilovebagelsilovebagels Registered User Posts: 3,499 Senior Member
    President Amy Gutmann issues a statement on Penn and the economy: University of Pennsylvania

    The analogous letter from Penn's Amy Gutmann. In a nutshell "Dear Penn Community: we're not cutting back on anything as long as you don't do anything stupid."

    If the poor Ivies are barely affected, then the ludicrously rich Ivies certainly won't be.
  • WendyMouseWendyMouse Registered User Posts: 740 Member
  • Shifu YodaShifu Yoda Registered User Posts: 541 Member
    How will this affect Cornell's financial aid? Will this affect the amount of aid given to Canadian or Mexican students?
  • ivy_goivy_go Registered User Posts: 132 Junior Member
    omg.... i applied for FA
    now i'm gonna get rejected ;(;(!!!
  • dtopdtop Registered User Posts: 195 Junior Member
    Cornell is need-blind...no need to worry about FA/acceptance.
  • House of LondonHouse of London - Posts: 1,268 Senior Member
    I don't even think the budget cuts have anything to dow ith the students needs, I t hink it has more to do with the employees that are working there.
  • RedduneReddune Registered User Posts: 1,490 Senior Member
    Seeing all these big endowment schools having budget crisis makes me fear for my own university which has been awfully quiet.
  • skpskp Registered User Posts: 602 Member
    I think Hopkins is in the same boat as Cornell, though the email from President Brody sounds more optimistic.

    "The good news is that -- at least in the near term -- the university's financial position is strong. We beat our bottom-line budget goals for the fiscal year that ended June 30. Only a very tiny fraction of the university's investments were with institutions that have failed or been taken over in recent well-publicized government actions."

    But at the same time,

    "The outlook is sobering. I have asked the deans and directors and the officers of the university to take a hard look at their budgets for fiscal 2009 and succeeding years. I have asked them to think seriously about what adjustments might be necessary."
  • asdfjkl1asdfjkl1 Registered User Posts: 1,950 Senior Member
    Well, it's not particularly surprising... My own school has gotten hit really hard by the budget cuts and certainly, construction projects are always the first to go. They've been abandoning all kinds of plans and raising fees like crazy this year.
  • AP930AP930 Registered User Posts: 273 Junior Member
  • BCEagle91BCEagle91 Registered User Posts: 22,762 Senior Member
    My son got a notice from the CS department with some minor stuff. They have three computer labs in a building and will be changing the hours on the lab to normal business hours (9-5). The others will be open 7x24 but the computers will automatically shut down at midnight. Students that want to use them will have to power them up.

    My son has a MacBook Pro so that he can do his Unix assignments without any university resouces.
  • oldfortoldfort Registered User Posts: 22,299 Senior Member
    The strength of any college is its ability to offer financial aid to attract top tier studetns. That being said, many school's endowment has been impacted by the stock market. I don't think a school is ever need blind, but more need aware. I wonder if Cornell would admit more out of state students for land grant schools and more students not applying for FA.
  • bluebayoubluebayou Registered User Posts: 25,551 Senior Member
    ^^oldfort:

    I wonder on an different plane: if NY reducess $$ for land grant colleges, but Cornell wants to share the pain across all colleges, will its private colleges be seen as less attractive to out-of-staters vis a vis other private colleges? I mean someone paying full freight might think long and hard about whether computer labs will be open (just as an exampele) bcos the state of NY needs to cut its public education budgetr.
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