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Three Quarters of Private Colleges Plan to Freeze or Reduce Salaries

A survey report released in June by Yaffe and Company, Inc., reveals that fully 2/3 of private colleges and universities have plans to freeze or reduce compensation: 67% of institutions intend to freeze salaries and 9% intend to reduce them, the survey found, while 24% intend to increase salary. 80% of the institutions that say they intend to freeze salaries intend to do so across the whole institution, while 15% will freeze only the salaries of top executives.

A few more details can be found at the Chronicle of Higher Education (you’ll need a subscription or site license for access), and a sample of the survey can be downloaded in pdf form from Yaffe’s Web site.