Yale Reports Deficit Despite Tuition Rise

Yale ran into a hole almost half a million dollars deep last year. The treasurer's report yesterday showed a debt of $452,893.

Steeper tuition and a record high endowment couldn't save Yale from dipping into red ink. Tuition went up to $1,800 a year, and the endowment reached over $150 million in June, but operating expenses of over $22 million upset the budget.