Education: For U.S. Colleges, Fiscal Ed 1A

Finding brave new ways to cope with inflation and pay the bills

Caught in a perilous financial crunch, private colleges are devising ingenious plans for raising revenues and cutting costs.

A Coin for a Library

Construction had started on Yale University's new Seeley G. Mudd Library. But inflation was exceeding expectations, and Yale needed to find another $1.5 million as the projected construction cost grew to $6.7 million. Meanwhile, resting virtually unseen in a library vault was the Yale coin collection's most famous gold piece, a 26-gram doubloon struck in 1787 by New York...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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