<p>[All</a> 23 CSU campuses may turn away students](<a href=“http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/08/MN1A140IUE.DTL]All”>http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/08/MN1A140IUE.DTL)</p>
<p>There’s going to be a mad crush at community colleges if this happens as community college graduates will be a preference category.</p>
<p>This will be an issue for our daughter in a few years - the availability of community college and public university slots. She hasn’t indicated a preference for public or private colleges at this time but I’m assuming that she will pick public.</p>
<p>[UVA:</a> Sorry, Alumni, We Gambled Our Endowment And Lost](<a href=“http://www.clusterstock.com/2008/11/uva-sorry-alumni-we-gambled-our-endowment-and-lost]UVA:”>UVA: Sorry, Alumni, We Gambled Our Endowment and Lost)</p>
<p>[Harvard</a>, Yale, et al, Down 25%-30%?](<a href=“http://www.clusterstock.com/2008/11/harvard-yale-et-al-down-25-30-]Harvard”>http://www.clusterstock.com/2008/11/harvard-yale-et-al-down-25-30-)</p>
<p>Another to watch</p>
<p>“Less than one-third of U-M’s long-term investments are in stocks; U-M also invests in venture capital, private equity deals, real estate, energy and hedge funds.”</p>
<p>This is what they teach at IVY league schools?</p>
<p>Lawyers are going to be very busy cleaning up this mess.</p>
<p>Guys getting big bonuses on illiquid, open transactions is bs.</p>
<p>And Harvard wants to sell some of their PE investments?</p>
<p>And Columbia, and Yale, U Mich :(, and Virginia… its a long list of financial incompetence.</p>
<p>At least Harvard made a ton of money before all the copycatters got into the illiquid trash.</p>
<p>This is what happens when you try to make 8% returns, or more, in a 4% world.</p>
<p><a href=“http://finance.yahoo.com/college-education/article/106133/Colleges-Struggle-to-Preserve-Financial-Aid;_ylt=AkWz0SNXJCrvcmUo7LHQZGK7YWsA[/url]”>http://finance.yahoo.com/college-education/article/106133/Colleges-Struggle-to-Preserve-Financial-Aid;_ylt=AkWz0SNXJCrvcmUo7LHQZGK7YWsA</a></p>
<p>"For years, as the stock market roared, educational endowments swelled, helping private secondary schools and colleges provide more financial aid, expand and attract better faculty. But with the financial markets in crisis, those days are over.</p>
<p>Today educational institutions are cutting spending, delaying projects and holding off on hiring. While many schools and colleges say their commitment to helping families pay the costs of education will not waver, some experts maintain that as investments shrink and donations fall, some institutions will be forced to cut back on financial aid."</p>