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E-PrincePresident Tilghman announced Thursday that the endowment has lost at least 11 percent of its value in the four months since the end of the fiscal year on June 30, 2008, in a letter sent to the campus community.
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Our $17,000,000,000 endowment is made precisely to cushion these kinds of shocks. By raising student fees and cutting departmental funding, the University is forcing us to bear the burden instead. The administration should dip into our enormous endowment, and not force us to pay for their accumulation of yet more bags of money.
Actually, I think that the university is doing students a favor by recommending one of the lowest annual tuition increases in recent decades. I suppose as an alum (and a graduate school one at that who never had to pay a cent in tuition) I may be somewhat biased. I still think it was wise for Tilghman to be conservative during the good years.
Did anyone else find it really weird t receive that ridiculously long e-mail? I hear nothing from Tilghman for 2.5 years and then get 3,000 words from her in my inbox. Not so sure that was a smooth move.