"Higher education is facing the most serious financial crisis in its history," Seymour E. Harris '20, professor of Economics asserted last night.
In a statement supporting his article, "The Threefold Crisis in Our Universities," in last Sunday's New York Times Magazine, Harris claimed that the financial pinch today has forced college professors, even at Harvard to do extra work to support themselves. "On fashionable Brattle St. professors have taken in borders."
According to Harris, a financial pinch has been brought to colleges and universities by the decrease in investment interest and the decline in the purchasing power of the dollar.
Harris suggests that some colleges might re-establish their financial equilibrium by consolidation of schools along the Harvard-Radcliffe line and conversion of many four-year institutions into junior colleges.
