April 21, 2010
Regent University is trying to save money by asking faculty who have 12-month contracts to take summers off.
President-elect Carlos Campo told faculty members in a memo that the voluntary furloughs would help the school's budget.
Taking summers off would be a 18-percent pay cut. But some faculty could earn extra money teaching summer courses.
Campo says nearly 140 of Regent's full-time faculty members are on 12-month contracts. The remainder are on nine-month contracts.