It looks like it really is a HuffPo article/blog post as opposed to a teaser link to WSJ, NYTimes, etc. It'd be nice if there was a bit more citation of quotes, numbers, etc.

And of course it's not just Harvard that's hit with losing nearly a quarter of it's value: Yale had announced it lost 25% [http://seekingalpha.com/article/111196-yale-endowment-down-2...] and if you do a news search on "college endowment" you'll see similar losses.

It'll be interesting to see how colleges cope with budget shortfalls especially with the initiatives that they've made on the financial aid front.

There's also the fallout from the Madoff debacle that hasn't yet been factored in: http://www.usnews.com/blogs/paper-trail/2008/12/22/tufts-yes...