Educational institutions are not immune to the challenges associated with a troubled economy.
In fact, because they rely on gifts, investments, and state and federal funding, it may affect them even more. Cost-cutting measures are the new norm.
“It's gone beyond cutting muscle. They are down to the bone,” said Janice M. Abraham, president and chief executive of United Educators, a reciprocal insurer owned by more than 1,160 member colleges, universities, independent schools, public school districts, public school insurance pools and related organizations throughout the United States.
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