High Wire Act Despite Market Pressures, the Colleges Maintain Fiscal Health . For Now T he numbers didn't quite add up this year. For the first time in a long while, there was some red ink in the budget. That's the bad news. Things could be a lot worse.
Times are tough for small liberal arts colleges.
Fewer people than ever think they want a liberal arts degree. Many of those who do can't afford one. Costs continue to soar and government support has dwindled to a trickle. Despite a very challenging market, Hobart and William Smith have maintained financial stability and, for a time, even progressed. Now the margin is very tight, and long-term trends need to be addressed.