College adjusts to recession | The Rutland Herald

MIDDLEBURY — Middlebury College will scale back financial aid and cut or cap pay for a number of ranking employees as the school grapples with economic woes.

College President Ronald Liebowitz outlined the cuts in a letter to the college community last week. Liebowitz said he would personally take a 10 percent pay cut as part of the overall effort.

Employees making $50,000 or less will see a 2 percent raise, while those making more will have their salaries held flat. The president’s staff will take a 2.5 percent cut and the college vice presidents will take a 5 percent cut.

The college will “adjust” what the families of students on financial aid are expected to pay and reduce the amount of aid set aside for international students, starting with the class of 2013.

Fewer professors will be released from teaching duties to pursue research or committee work, which Liebowitz said will eliminate the need to fill seven replacement faculty positions.

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