Christopher Eisgruber, president of Princeton University, announced that the Ivy League institution will tighten its budget while investing in core priorities such as research and student support.
The change in course was part of his State of the University letter that Eisgruber posted on his blog. He said a shift in endowment prospects is driving the change.
“As we emerge from a period of rapid growth, we will have to look for areas where we can consolidate or cut, both to offset rising costs (including salaries and benefits) and to support the investments required for teaching and research excellence,” he said.
Read more at WHYY.
