Message from the President: An Update on College Finances

President Rebecca Chopp and Vice President for Finance and Treasurer Suzanne Welsh discuss the state of the College's finances following the Board's approval of an $8 million budget adjustment [PDF]. The agreed-upon reductions were developed by the Ad Hoc Financial Planning Group in consultation with the community at large over the course of the last year. The approved adjustments include no layoffs, preserve Swarthmore's commitment to a need-blind admissions process, and ensure the continued academic excellence of the College. Read the news headline about the Board's decision.