Yale announced last week that it was cutting its budget by $150 million.
Now they’ve decided to cut another $100 million from their budget, reducing capital spending by 60%, according to Bloomberg.
Yale’s endowment took a big hit during the financial crisis, dropping from $22.9 billion in 2008 to $16.3 billion last June.
The school even said it was lowering building temperatures to 68 degrees to save money.
No wonder Yale made this potentially embarrassing low-budget admissions video.