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July 16, 2009

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Asked whether he worried this will make some bolt to better-paying jobs, Schill said he’ll do whatever it takes to hang on to professors and attract new ones. “They know that I’m committed to competitive salaries,” he said. “I am committed that this will just be a blip.”

As the entire UC system deals with an $813 million hole in state funding, Schill and Boalt Dean Chris Edley maintain that students' services and programs will be spared.

Both say alumni have stepped up. Schill said UCLA law has just wrapped up its second most successful fundraising year. “Alumni understand that the only way we will be competitive with our peer institutions will be through philanthropy,” he said.

Edley says Boalt’s also in better shape than other Berkeley schools because the school’s in the fourth year of raising tuition to be closer to market.

“Our $120 million construction project, with no state support, continues apace, but in other respects we are tightening our belts in ways that will protect the student experience and sustain our competitiveness,” Edley wrote in an e-mail yesterday. “This is tough, but not frightening.” etc

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Well "Harry" i totally agree with you. Most do not know this but it can often be tough finding the right guidance in the financial world, especially if your being managed by the wrong person. Always choose wisely when you make financial decisions.

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