On Financial Challenges

“Although we are in a relatively strong position compared to most institutions, the impact of the current turmoil in the markets is now being felt throughout higher education. Nobody is immune.”
— President Ronald D. Liebowitz

Middlebury has set up this Web site to share information about the financial challenges facing the College because of the global economic slowdown, and to solicit suggestions from members of the College’s extended family. At this site, you can:

• Read a December 22 update for the College community from President Liebowitz, or earlier notes from the president on September 8, October 8, and October 23
• Watch a video of a presentation to College staff on November 12, 2008, by President Ron Liebowitz and Patrick Norton, vice president for administration and CFO
• Check out a list of Frequently Asked Questions about the College's finances
• And let us know if you have thoughts on how Middlebury can cope with current financial challenges at our online suggestion box

We will also be sharing selected stories about the economy and higher education, in general, some of which include information about Middlebury:

• A chart about how schools are coping with the financial downturn (The Chronicle of Higher Education)
• Even before the financial downturn, the rising cost of education was threatening to put the cost of college out of reach for many Americans (New York Times)
• Harvard curtails tenure track searches (Boston Globe)