The current economic times are turbulent and challenging, affecting everyone as the Dow plunges to record-low rates. Each day reports from higher education media describe how colleges and universities across the country are experiencing the effects of the financial crisis on their faculty, staff, and students.
At the regular fall gathering of faculty and staff in November, Augsburg College President Paul Pribbenow discussed the economic crisis and its implications for the College.
As are colleges across the country, Pribbenow said that Augsburg has noticed an increased number of students this semester who have larger than normal student account balances. He explained that Augsburg’s enrollment and financial services staff are working closely with individual students to develop financing plans. Continue reading “The challenges of our current economy”
Though the $700 billion bailout package became law last week in the U.S., financial markets across the world are in turmoil. Augsburg College as an institution has been fortunate so far and avoided most of the damage. However, faculty, staff, and students are in the same economic peril as our fellow citizens.