Word: willing
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These preceptors will be serving not only as teachers but also advisers who will “know the curriculum really well,” Murray says.
Much of the engineering school’s future expansion will depend on the performance of the endowment—from which SEAS draws 45 percent of its yearly budget—as well as the school’s ability to find alternative sources of capital.
Next year, SEAS will be facing the same 12 percent reduction in its endowment payout as other Harvard schools, an income loss that the school will offset by drawing from the financial reserves it built up in the years before the financial crisis.
Nevertheless, the reserves will not provide an unlimited source of funds in the case that uncertainty about the global economy leads the markets to return to fall 2008 levels.
But SEAS administrators say that they are aware of the continued pressure for space. Murray says that she believes the new teaching labs in Northwest and Pierce will roughly provide sufficient additional resources until the number of SEAS concentrators reaches 600. But she adds that the school could hit this...