April 26, 2002

Oberlin Faces Steep Budget Cuts

By JOHN L. PULLEY

Oberlin College, grappling with rising health-care costs and a flat endowment, is bracing for budget deficits projected to last for three or four years. To make up for an estimated shortfall of up to $5-million next year, the private liberal-arts college will spend a larger proportion of its approximately $600-million endowment on operating expenses. Officials hope to return the institution's $150-million budget to equilibrium by decreasing those deficits by $2-million annually over the next

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