Word: glotzbach
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Dates: during 2000-2009
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...programs, slash faculty salaries and potentially raise tuition for students already enrolled. With admissions letters in the mail, many colleges are as nervous as the high school seniors waiting for word. Nailing the target class size is always "like landing a 747 in your backyard," says Skidmore president Philip Glotzbach. This year many colleges are prepping for the bumpiest landing...
...what happens if in the end, a college can't book a full flight? Glotzbach says the possibility is remote, but Michael Casey, Skidmore's vice president for advancement, estimates that because 80% of the school's funding comes from tuition, any single student's absence could punch a $25,000 to $30,000 hole in the operating budget. And it's possible that the sophomore, junior and senior classes could shrink as well. Shorb has already received about 60 new financial-assistance requests from currently enrolled students, five times as many as in a typical year...
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