(Richmond, IN)--A letter from Earlham College’s Board of Directors shines light on the financial difficulties that institution is currently facing. The letter, which was published in the Chronical of Higher Education, calls for a cut of $8 million in operating expenses and states that the college’s current financial path is unsustainable. It also states that Earlham has operated at a deficit for the last ten years. The proposed loss for next year is $12 million. The college’s president recently resigned. Earlham has an endowment that totals hundreds of millions of dollars.
EARLHAM'S FINANCIAL STATUS CALLED "UNSUSTAINABLE" BY BOARD