A Lot Less Moola Moola On Campus

The University of Massachusetts in Boston has become a symbol of tough times. The 10th floor of the library is being used as offices and classrooms. Tuition has jumped 64% since 1988, to $2,134 a year, and additional fees have soared 659%, to $1,913. Over the past three years, the school has laid off 16% of its faculty. And school officials have shuttered the undergraduate legal program and the 1,000-student Park Square campus downtown. "We don't feel we could go any lower without impacting the academic mission," says David A. Edwards, associate vice-chancellor for administration and finance at UMass Boston.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.