Allows for stabilization, says President Crow
Arizona State University President Michael Crow says money from the federal stimulus program and a new tuition surcharge will provide the Tempe-based university with a financial “calming point.”
Crow told university faculty and staff in a video message e-mailed Friday that the additional funding will provide ASU with “sufficient resources to financially stabilization the institution” despite state funding cuts.
He said university officials plan to use the next two years to focus on lower-cost options and on faculty recruitment and retention.
In Crow’s words, “while the financial hurricane is far from over, we believe that we are stable moving forward.”