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Amanda Albright

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As seen in: Bloomberg News, Bloomberg Wealth, MSN, MSN Australia, MSN Ireland, Bloomberg Businessweek, Bloomberg Green Daily, The Economic Times, The Washington Post, TIME, Yahoo Canada, Yahoo News and
Reporter for @business. Opinions my own. aalbright4@bloomberg.net

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Cash-strapped colleges are draining their endowments to survive

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By Amanda Albright Verified, Elizabeth Rembert Verified
| The Mercury News Verified
By Amanda Albright and Elizabeth Rembert, Bloomberg News A college endowment is supposed to last forever, supporting students, professors and research in perpetuity. Instead, many cash-strapped schools are draining their nest eggs just to stay alive. Faced with multi-million dollar deficits, Hiram College in rural Ohio borrowed from its $56 million endowment.
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