Education: God & Mammon at Yale

As the new school year began, most college administrators faced the same budget problems as last year—or worse. At Yale, they had a surprise instead. Whereas a year ago the university had thought it would end the 1971-72 year $5.7 million in the red, President Kingman Brewster Jr. reported that the actual deficit was only about $1,000,000. Although alumni gifts and cost cutting could account for a portion of the difference, there also must have been a fairly stunning miscalculation, and Brewster ordered an investigation to find out what went wrong.

A more relaxed...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!