<p>According to President Osgood, Grinnell's endowment was down 25% this past fiscal year ending June 30, 2008. I imagine it's down even further so far in the 2009 fiscal year. The endowment was around $1.7 billion on June 30, 2008, which was up over 20% from the previous year.</p>
<p>The good news is that financial aid promises will be honored and are expected to be adjusted even higher in order to meet the higher level of need of families that have been hurt by the economy.</p>
<p>Compared to most other colleges, I think Grinnell is in great shape.</p>
<p>Wow. It was down 25% before the meltdown. It's probably down another 25% now.</p>
<p>Good thing Grinnell started out with a lot of money at the beginning of the last fiscal year. As they say, the easiest way to make a small fortune in the stock market is to start with a large fortune.</p>
<p>Grinnell's reference to about a 25% loss in "this" fiscal year referred to the year from July1, 2008 through November 14, 2008., so it encompasses the "meltdown" period. The prior fiscal year loss (July 1, 2007 - June 30, 2008) was about 16%, for a total portfolio loss since July 1, 2008 of somewhat over 40% -- an amount consistent with most portfolio losses. Also, it is hard to compare Grinnell's prior fiscal year performance with that reported by other colleges, since most are on calendar year systems, and reported their "prior" year performance only through 12/31/2007.</p>
<p>Does anyone know when the school announces what tuition and fees will be next year? I don't think I'm looking forward to that news.</p>
<p>I'm quite nervous to hear this new..still anyways I'm a scholarship applicant and this may to some extent affect my chance :(</p>
<p>I'm pretty sure Grinnell will want to keep up its economic diversity and will not penalize applicants who need financial aid.</p>