Colleges feel pinch of tumbling economy
Wednesday, November 19th, 2008
By Staff
It’s teleconferences instead of car trips and fewer new staff and faculty at Cape Fear Community College and the University of North Carolina Wilmington as both schools prepare to absorb mid-year budget cuts.
Colleges and universities across the country have felt the pinch of the gloomy economy, and CFCC and UNCW are no exception. Both schools say they have tightened their belts, though past fiscal caution is making the process less painful. Current construction will continue and there will be no mid-year tuition hikes, but the cuts are forcing both schools to adjust priorities. The emphasis is on minimizing the impact on students.
“We’re a university – we’re about the classroom above everything else. That’s why we exist,” UNCW Chancellor Rosemary DePaolo said. “So as much as possible, we need to protect what’s happening in the classroom.”
Since the beginning of the semester in August, both schools have seen budget cuts by the N.C. General Assembly. (more…)
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