Rutgers announces tuition freeze, pay cut for senior officials amid coronavirus crisis
Rutgers announces tuition freeze, pay cut for senior officials amid coronavirus crisis

Rutgers University President Robert Barchi announced a tuition freeze and pay-cuts to all senior leaders, as the 253-year-old university faces a looming financial crisis amid the economic fallout of the coronavirus outbreak. Barchi announced the sweeping cost-cutting measures in an email to staff members, calling the crisis “perhaps the greatest academic and operation challenge in its history” as Rutgers expects a shortfall of $200 million in revenues.“Perhaps no other state government has been hit as hard financially as New Jersey, which has necessitated the freezing of many appropriations, i…

Read More

HEDGE accordingly