Today’s online edition of Fortune magazine features an article about the impact of the economic downturn on Middlebury in particular and higher education in general. It’s the lead story online, and we expect that it will also be a significant feature in the print edition, which will be on newsstands next week and will be dated April 27.
The story is titled “Hard times on campus: Even elite colleges can’t escape the impact of the economic slump. Here’s how one New England school is working to stay on top in the face of a smaller endowment, needier students, and the bursting of the higher-ed bubble.” It includes several photographs and quotes from President Liebowitz, Vice President for Administration and Treasurer Patrick Norton, Senior Director of Student Financial Services Kim Downs, and Dean of Admissions Bob Clagett.
I thought the article might be useful to you and other key Middlebury volunteers as you work to help alumni understand why their gift to Middlebury matters this year more than ever. The story clearly articulates the challenges the College is facing and the steps we are taking to address those challenges.
You’ll find the story here. Please share the link with your classmates and anyone else you think might find it interesting and helpful.