Exercising prudence in the face of financial crisis

The economic crisis that has gripped the nation in recent weeks will affect Rutgers’ financial picture, and the university is acting to protect the interests of students, as well as its own investments and expenditures.

President Richard L. McCormick emphasized that the university placed a priority on fulfilling scholarship and financial aid commitments to Rutgers students. In addition, the president stressed Rutgers’ role in energizing the state and national economy, in the form of faculty expertise in areas such as energy, transportation, and health care, as well as preparing students to enter the workforce and the global economy.