Bloomberg is reporting that Dartmouth will be making budget cuts given that its endowment lost 20% of its value. I doubt this will affect Tuck much (it's mostly undergrad), but an official confirm from Tuck staff would be advisable.
I'm a new member so I can't post the link, but it's pretty easy to find. Some snippets:
"Feb. 8 (Bloomberg) -- Dartmouth College is raising tuition and fees, requiring some students to take loans and eliminating jobs while Yale University will cut construction spending as U.S. universities feel the effects of endowment declines.
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Dartmouth’s endowment had an investment loss of 20 percent in the fiscal year ended June 30 and fell a total of 23 percent, to $2.82 billion, when spending and new gifts were also taken into account. Dartmouth, which relied on its fund for 32 percent of its revenue in 2009, is making decisive cuts now so it can avoid future reductions, President Jim Yong Kim said in a conference call.
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Thirty-eight of Dartmouth’s 3,400 non-faculty workers will lose their jobs, starting tomorrow, with 'a comparable number' expected in April, Dartmouth said. An additional 33 staff members will have their hours cut to help erase a $100 million deficit during the next two years, according to the e-mail."