A Skidmore or a Mount Holyoke it never was. But Colorado Women's College in Denver had improved academically from the finishing school that used to produce Miss Americas (1955 and 1974), splendid skiers and fine wives for cadets at the nearby Air Force Academy. Still, over the past decade enrollment had dropped from 1,100 to 509, and last week the school's debt stood at $5.6 million. President Sherry Manning, 37, a University of Colorado Ph.D. in management science, felt that drastic measures were needed. She stunned the campus by announcing that because of "financial exigency," 25 out of 35 full-time...
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