It was 5:30 in the morning, and I was looking for Chancellor Mark Wrighton, having heard he makes a habit of walking his dog on the South 40 before sunrise. Caressed by the humid breeze, I walked down Shepley Drive while murmuring to myself: “Could you tell me—in detail—how my tuition is spent?
Dear Editor, Last Friday, a staff editorial questioned the budget for CS40, and the way money is allocated within the organization. We appreciate the interest and respect the concerns voiced in this article; however, it suggested that money is spent irresponsibly, and vaguely quoted figures from a past budget with little to no explanation.
Despite the improving national economy, Chancellor Mark Wrighton reported earlier this September that as of June 30, 2009, the market value of Washington University’s endowment, about $4.2 billion, is down by 30 percent from its peak value two years ago, and the University anticipates an annual deficit of $30 million through fiscal 2011 and beyond.
In the midst of the worldwide economic crisis, Washington University is dealing with a difficult financial situation of its own. As of the end of May, the University’s endowment is down by 20 to 25 percent.
Once again, Washington University in St. Louis has failed to communicate with its students about construction, both on a macro and a micro level.
With the unveiling of the plan for excellence, the University has publicized all kinds of wonderful goals that range from increasing financial aid to renovating the Athletic Complex, but it has refused to mention one critical aspect: specific funding details for the various parts of the plan.
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