Harvard's endowment takes a 22%hit loses 8-billion

Paying for College
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<p>Wow, </p>

<p>You knew this was coming. How can other schools not be affected. What do you think this does to "needs blind" admissions?</p>

<p>Harvard's</a> endowment takes 22 percent hit: Financial News - Yahoo! Finance</p>

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<p>[The</a> Harvard Crimson :: News :: Harvard Endowment Fell 22 Percent in Four Months](<a href=“http://www.thecrimson.com/article.aspx?ref=525669]The”>http://www.thecrimson.com/article.aspx?ref=525669)
[Harvard</a> University Office of the President | Financial update](<a href=“http://www.president.harvard.edu/speeches/faust/081202_economy.html]Harvard”>http://www.president.harvard.edu/speeches/faust/081202_economy.html)</p>

<p>I think for the immediate future it does very little to need blind.</p>

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<p>Perhaps a new rankings opportunity: Biggest/Smallest College Endowment Losses: 2008.</p>

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<p>I’ll be very interested to know how David Swensen (that hot-shot Yale endowment manager) did this year.</p>