NYT-Colleges Struggle on Financial Aid

[danas]

<p><a href="http://www.nytimes.com/2008/11/11/giving/11SCHOOL.html%5B/url%5D"&gt;http://www.nytimes.com/2008/11/11/giving/11SCHOOL.html&lt;/a&gt;&lt;/p>

<p>We are told that endowments exist to buffer budgets. Having watched a couple of these cycles, colleges and universities adjust their budgets to buffer the endowments.</p>