Hard Times on Campus.

The article discusses how Middlebury College in Vermont is coping with a difficult economic environment. Capital expenditures have left the College with $270 million in debt, and its endowment has declined in value by more than 20%. In response Middlebury has imposed salary freezes and pay cuts. A recession in the U.S. could make it difficult for Middlebury to continue attracting top students able to pay full tuition.