The worst financial crisis since the Great Depression is beginning to shake up the budgets and planning on U.S. college campuses, even in the elite Ivy League.
Cornell University, one of eight Ivy League institutions, yesterday became the latest school to react to the declining economy. The school will suspend hiring of non-faculty staff from outside the university through March 31, Cornell President David Skorton said. Construction won’t begin for any new projects on Cornell’s Ithaca, New York, and New York City campuses for at least 90 days.