Fabrikant in the NYTIMES: Colleges struggle to preserve financial aid.
Lewis in the Times on Tough times strain colleges rich and poor.
Across the country, universities are delaying capital expenditures, as they pull in their belts to deal with the rough economy. Universities are also faced with cutting financial aid to deserving students. In NJ there is no doubt — none — that state funding for Rutgers will take another, huge hit for the next academic year. Rutgers — because of its proximity to the imploding financial services sector — will be hit harder than will many other universities. That is just reality.
So right there is RIP for the stadium expansion plan. We consider this discussion at an end. Were the university to continue with the expansion we will perforce conclude that the leadership is derelict (stupid to the brink of criminality) and we will cease any and all support for the institution (although we will work for a change in the leadership).