Reply To: Opinions please Recession vs Football??

Forum Forum Lehigh Sports Lehigh Football Opinions please Recession vs Football?? Reply To: Opinions please Recession vs Football??



Following RichH’s lead, I will reply to my own post.

Here is some interesting news from Harvard:

"Harvard has already halted the hiring of junior faculty and announced an early retirement program for tenured professors, and for the first time ever is considering laying off tenured professors."

Harvard’s endownment is down big time and it has commitments to invest $11 billion in the coming years into private equity. Harvard can no longer depend on its endowment income to support its budget.

Other Ivy League schools face similar problems and I think they were much more dependent on their endownments than PL schools. Thus, the free or reduced tuition available from many IL schools to all students, including football players, may become much less common. Perhaps the competitive environment for football recruit may swing abit to the PL’s favor.