Albertus Magnus College (Connecticut) has addressed the problem of declining enrollment offering a bachelor's degree program compressed into three years. Three full semesters are squeezed into an academic year. The semester is shortened by two weeks, but class time is lengthened. The third semester's tuition each year is discounted. (MSE)

The 22-year-old Whitaker Foundation, the largest private supporter of biomedical engineering, will close in 2006 to avoid becoming a bureaucracy in search of a reason for being. The foundation, with assets of about $442 million, will increase payouts until 1999, then decrease them as it spends its way out of existence. About 95% of grants go to…