Colleges Face a Financial Reckoning. The University of Chicago Is Exhibit A.
The school that produced Milton Friedman and 34 other Nobel Prize-winning economists is struggling to manage its pocketbook. The University of Chicago ran budget deficits for 14 years straight, spending big on new labs, dorms and technology to raise its profile and enrollment. Now it’s facing a financial reckoning. Over the summer, university leaders said […]
