Feeling as though you’ve had to be more conservative with your spending of late?
If it makes you feel any better, even the world’s richest university has been cost-cutting.
The New York Times reports that Harvard’s endowment is down by 30%. The faculty of arts and science expects a deficit of $130 million over the next two years. Here are a few ways that the university is cutting corners:
-Varsity athletes are no longer guaranteed free sweat suits
-Professors are going without cookies at faculty meetings
-There will be no more hot breakfasts served to students in residence
And… my personal favourite:
-Clubs find themselves sharing space because facilities close earlier
For example, the Harvard student newspaper reported that the Harvard Taekwondo Club has to share space with the Harvard dance team. The captain of the martial arts group, Khoa Tran, is skeptical. Tran told the school newspaper, “It will be an interesting mix because they will be playing dance music while we do our routines. We ourselves yell every time we kick… and we kick a lot.”
Next time you’re down about money, just visualize that scenario. If it doesn't make you laugh, engage in some shopping therapy. Spending always feels good.
If it makes you feel any better, even the world’s richest university has been cost-cutting.
The New York Times reports that Harvard’s endowment is down by 30%. The faculty of arts and science expects a deficit of $130 million over the next two years. Here are a few ways that the university is cutting corners:
-Varsity athletes are no longer guaranteed free sweat suits
-Professors are going without cookies at faculty meetings
-There will be no more hot breakfasts served to students in residence
And… my personal favourite:
-Clubs find themselves sharing space because facilities close earlier
For example, the Harvard student newspaper reported that the Harvard Taekwondo Club has to share space with the Harvard dance team. The captain of the martial arts group, Khoa Tran, is skeptical. Tran told the school newspaper, “It will be an interesting mix because they will be playing dance music while we do our routines. We ourselves yell every time we kick… and we kick a lot.”
Next time you’re down about money, just visualize that scenario. If it doesn't make you laugh, engage in some shopping therapy. Spending always feels good.
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