Daniels: Saving money must be campus-wide effort
March 28, 2013 2:20PM
Daniels. | Sun-Times Media, file
Updated: March 28, 2013 11:03PM
WEST LAFAYETTE (AP) — Purdue University President Mitch Daniels told more than 200 people attending a forum on affordability that finding ways to save money will be an ongoing conversation the next two years.
The Journal & Courier reports the former Indiana governor said Thursday that saving money needs to be a campus-wide effort. The university announced earlier this month it was freezing its tuition costs for the next two years because of the weak economy.
Purdue needs to identify $40 million in savings to offset the freeze’s impact. Eliminating merit pay raises for the next two years for senior administrators, deans, and administrative and professional staff earning more than $50,000 a year is expected to save $5 million. University officials hope to save another $5 million through new methods of appropriating funds.