Spring 2003


Great Days:  A Letter From the President


Good Times Continue, But Rose-Hulman Does Face Some Challenges

If cheering for Rose-Hulman ever became a crime, I would be guilty as charged, and this column no doubt would be entered as incriminating evidence. I strive to approach life in a positive manner, and I enjoy using this forum to share with you all of the progressive events happening in the life of Rose-Hulman. The past few years have been marked with success upon success. Our faculty, staff and students continue to achieve at high levels, and our reputation has never been better.

Things are going great at Rose-Hulman. However, I would be remiss if, from time to time, I did not share with you some of the challenges facing our college. While we progress on all fronts as a college community, some issues give cause for concern. Some have been with us continuously, while a few are relatively new. I’d like to share some of them with you now.

Financial aid This is an issue we have wrestled with for as long as I can remember. There are several extremely talented young men and women who cannot come to Rose-Hulman because of difficulties in paying the cost of one of the country’s best educations. Rose-Hulman is the first choice for many prospective students, but they go elsewhere because our financial aid is not sufficient to meet their need. Many colleges can "buy" students through financial aid packages that are more generous than those we are able to provide. Rose-Hulman would like to provide more, but the resources are not always there to meet that need.

Diversity When our students graduate from Rose-Hulman, they enter a world teeming with people from different cultures and ethnic backgrounds. We have made a concerted effort to increase diversity on campus, but we have a long way to go. Currently, we have more applications from underrepresented persons than ever before. We hope this trend will continue as we strive to increase diversity. This enhances the total educational experience of our students as they gain perspectives from people of all walks of life.

Changing TechnologiesAn education in engineering and science is one of the more expensive components of higher education because of its technical nature. To provide the most up-to-date and comprehensive technical education, we need to outfit our labs and classrooms with current equipment. If you are a regular reader of this column, you have an appreciation of the project-based nature of the Rose-Hulman education. We give undergraduates access to some very highend equipment to further their learning experience. The problem lies in the quick-hanging nature of technology. What is cutting edge today, could be obsolete in a year. We have an obligation to keep our labs as up-to-date as possible.

Economy – Like most every other college in America, Rose-Hulman has felt the effects of the recent economic downturn. Rose-Hulman depends on finances from its endowment to provide the margin of excellence in our education. During the last three years, we have suffered a $50 million loss in our endowment because of the drop in the stock market where much of our endowment is invested. That has provided a challenge to adjust our budgets to compensate for the loss, but we are weathering the decline thanks to wise fiscal management by our administration and Board of Trustees.

Life Sciences – This is one of the newer challenges we face. Some of the groundbreaking educational developments are taking place in the life sciences. I believe the life sciences will be to this century what physics was to the previous century. We have made a commitment to this evolving trend through establishing a Department of Applied Biology and Biomedical Engineering supported by qualified faculty. We have made great strides in this area, but we have some catching up to do in the area of facilities. We have programs in place we are unable to launch because we lack the proper lab space for them. We do not want to do it unless we can do it in an extraordinarily good way, which is the Rose-Hulman tradition.

My intent in sharing these challenges is not to sound a warning of gloom and doom for Rose-Hulman. Instead, I share them as opportunities that we have been addressing and will continue to address to make our great college even better.

As this issue of Echoes, was going to press, President Hulbert announced his plans to retire June 30, 2004. For more on that news, see details on pages 4 and 5.

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