Man, times are tough financially. Even Harvard is hurting for bucks!
The world's richest university, with an endowment not long ago valued at nearly $37 billion, is dealing with the same financial struggles as you and I, according to the Boston Globe.
Of course, everything being relative, Harvard won't be going out of business anytime soon, but its whopper of an endowment is rumored to have lost around $11 billion due to the nation's financial swoon.
That's a lot for any institution to handle, no matter how austere, robust or successful.
As a result, the university is talking budget cuts. Sound familiar, North Carolina?
