Financial Crisis

We may not understand perfectly what is going on but I do know that the financial crisis is starting to hit home. University of Massachusetts, Amherst Chancellor Robert C. Holub announced that due to budget cuts UMass has to cut 5% from it's budget, which is $12 million. That is A LOT of money to cut when there are projects on top of "new dirt" projects going on throughout the campus. I have interned for the state for the past two summers along with last winter break. Just two weeks ago I was informed that the state had cut the paid internships. I was depending on that money for books and spending for next semester. AH! Up until this point, being paid for work was my only option. I have been lucky enough to find an internship that was paid. Now, working for free was not something that I had planned on doing, but to keep myself ahead for my future, this is my option. I am sacrificing pay to to hopefully ensure that I have a job in June. I CAN ONLY HOPE (by putting myself in the right situation to do so).


An article from The Independent gets into detail explaining the crisis in terms for understanding.