The U.S. Education Department has notified Yale University that it intends to fine the institution $165,000 for failing to report several sex offenses nearly a decade ago, the New Haven Register reported. In a letter to Yale President Richard Levin, a department official said that it planned to impose the maximum fine of $27,500 for each of the forcible sex offenses that Yale failed to report in 2001 and 2002, as well as additional fines for several other omissions of information from its reports under the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act. Yale had admitted the violations over nearly a decade of investigation by the government, but university officials balked at the fine.
In a statement e-mailed to the Register, Tom Conroy, a Yale spokesman, said that the university took its reporting obligations seriously. “However, the University believes that the Department’s imposition of maximum fines is not warranted based on the particular situations that resulted in findings of violations,” the statement said, adding that Yale had asked the department to reduce the penalty. "These fines deal with reporting in 2004 or earlier.”
Florida Atlantic University has had more than its share of controversies in the last several months, over the naming of its football stadium for a private prison company owned by an alumnus and a professor's in-class exercise in which he invited students to step on a piece of paper with "Jesus" written on it, among others. (The university took heat from many in the public for the professor's actions, and from many faculty members for failing to defend his academic freedom to their satisfaction.)
President Mary Jane Saunders staunchly defended the university's actions throughout both of those situations, but late Tuesday Florida Atlantic's board accepted her resignation, which she attributed to the controversies. “There is no doubt the recent controversies have been significant and distracting to all members of the University community," she wrote in a letter to the board. "The issues and the fiercely negative media coverage have forced me to reassess my position as the President of FAU. I must make choices that are the best for the University, me and my family.”
Individuals unhappy with Cooper Union's recent decision to end its 111-year practice of providing a full-tuition scholarship to all students issued a fake press release Tuesday as MetLife, which lent the university $175 million in 2006 to finance construction of a new academic building, promising to forgive the loan on the condition that the university remain free.
THE FAKE PRESS RELEASE:
METLIFE FORGIVES $175 MILLION LOAN TO COOPER UNION, KEEPS TUITION “FREE AS AIR AND WATER.”
NEW YORK - May 14, 2013 - MetLife, Inc. (NYSE: MET) announced today that it will conditionally forgive a $175 million loan made in 2006 to the Cooper Union, a treasured New York institution currently consumed by a financial crisis.
Cooper’s interest-only payments to date, which amount to approximately 72 million dollars, will be applied to the total, netting a total forgiveness of $103 million dollars. MetLife’s decision will allow the Cooper Union to preserve its 154 year meritocratic tradition of tuition free education. “Cooper occupies a special place in the soul of New York City, the city which MetLife calls home.” said MetLife CEO Steven Kandarian, “We had to do something.”
“The actions of the Free Cooper Union students who have occupied President Jamshed Bharucha’s office have inspired us to reject the inevitability of this situation. MetLife believes in the transformational power of capital to catalyze growth and increase opportunity. And we take that responsibility seriously; we see ourselves as stewards, in a sense, of our investments. So, though we don’t take lightly the moral hazard which today’s action represents, we didn’t feel we had any choice but to protect the legacy of empowerment Cooper Union embodies.”
“The institution is simply too big to fail,” Kandarian continued, “metaphorically speaking, of course.”
The Cooper Union for the Advancement of Science and Art was founded by industrialist Peter Cooper in 1859. It’s mission reflects it’s founder’s fundamental belief that an education “equal to the best” should be accessible to those who qualify, independent of their race, religion, sex, wealth or social status, and should be “open and free to all”.
In recent years the board of trustees has pursued an expansionist agenda of which the ill-advised 2006 loan is a part. The loan, taken in part to fund an exorbitant new, $111.6 million “landmark” building by Thom Mayne of Morphosis Architecture which a capital campaign had failed to adequately fund, requires annual interest-only payments of approximately $10.3 million, the majority of Cooper’s operating budget shortfall. In addition, a majority of Cooper’s managed endowment assets were recklessly invested in hedge funds which have diminished the endowment substantially since 2006. In light of these facts, in April 2013 Board of Trustees Chairman Mark Epstein announced that the Board had approved a plan to reduce the full tuition scholarship by half, ending a 154 year tradition and effectively abandoning the Cooper Union’s founding principles.
“In retrospect,” said Kandarian, “when we were offered Cooper’s ‘golden goose’ as collateral for a risky loan, we should have passed.”
MetLife’s actions are intended to stabilize the institution and allow it to continue offering a top quality education which is “as free as water and air,” however they should not be mistaken for a panacea. “These are drastic measures,” said Kandarian, “and as such they are conditional on Cooper’s continued status as a top quality tuition free college. The tuition free model is an essential part of the character of the institution and it’s stakeholders understand that without it the school will be unable to count on the high quality student body to which it is accustomed. The Free Cooper Union students and their faculty and alumni supporters are fighting for this unique, and uniquely American, institution.”
“My concern,” continued Kandarian, “ is that the current President [Jamshed Bharucha] and Board of Trustees do not appear to share in this vision. If Cooper is truly to emerge from this mess, they will need some new faces.”
MetLife continues to be the largest portfolio lender in the insurance industry with $43.1 billion in commercial mortgages outstanding at year end 2012.
“MetLife was a very active lender domestically and internationally in 2012, as we continued to focus on top quality properties in major markets,” said Robert Merck, global head of MetLife Real Estate Investors. “Our strategy for growth is based on prudent risk management and a long-term approach that enables us to execute quickly, process large transactions and provide our customers with world-class service.”
Fifteen percent of college students have or have a friend who has ordered drugs off the Internet without a prescription, according to a new survey by the Digital Citizens Alliance. The survey of 366 current and recent students found that one in three students took prescription drugs “to get through finals,” and a third of them obtained the pills without a prescription.
St. Mary's College of Maryland, a public liberal arts college, is likely to face a budget shortfall of about $3.5 million after commitments from incoming freshmen came in short of what the college expected, The Washington Post reported. Aiming for a class of about 470, the university has received commitments from only about 360 students so far. Administrators said the college is trying to attract more applicants and enroll students off the waitlist, as well as figure out how to cope with the lost tuition revenue. Administrators said they are not yet sure why the college saw a decrease in commitments after receiving a 14 percent increase in applications, but are looking into it.
Rutgers University admitted on Friday that its new men's basketball coach lacks the bachelor's degree from the institution that officials said he had earned. "While Rutgers was in error when it reported that Eddie Jordan had earned a degree from Rutgers University, neither Rutgers nor the NCAA requires a head coach to hold a baccalaureate degree," said the statement. "Eddie Jordan was a four-year letterman and was inducted into the Rutgers Athletics Hall of Fame in 1980. Rutgers sought Eddie for the head coach position as a target-of-opportunity hire based on his remarkable public career.... His athletic skills and leadership and his professional accomplishments have been a source of pride for Rutgers for more than three decades. We are excited to have him as our men’s basketball coach, and we look forward to many winning seasons."
Jordan was hired after the university fired its prior coach last month, following reports that he had been abusive to players -- and video surfaced of that coach, Mike Rice, kicking and grabbing athletes, hurling balls at their heads, and using multiple anti-gay slurs, of which "faggot" is but one.
The university acknowledged Jordan's lack of degree after Deadspin reported on the contradiction between his actual academic record at Rutgers (he enrolled, but never finished) and what Rutgers had said about him. The Deadspin article noted numerous instances in which Jordan has been described as a Rutgers graduate.
The University of Montana must make numerous, comprehensive changes to its sexual assault policies and procedures, under a settlement with the U.S. Department of Justice and the U.S. Education Department’s Office for Civil Rights. The resolution agreement ends a year-long investigation into whether the university and its campus safety department had a systemic problem in responding to sexual assault allegations promptly and effectively.
The resolution agreement -- which officials said was tailored to Montana but should be heeded by other colleges as a model for sexual assault prevention and response -- indicates that the university, while it has made some progress, still must take several steps to comply with Title IX of the Education Amendments of 1972, as well as Title IV of the Civil Rights Act of 1964, which prohibit sex discrimination and sexual assault and harassment in education programs. Those steps include educating students, employees and public safety officers on what constitutes sexual harassment, and how to report it; implementing a system to track sexual harassment complaints from initial report to final resolution; conducting annual student climate surveys and evaluating whether remedies are effective or more changes are needed; ensuring that campus safety officers, as first responders, meet victims’ needs immediately and make sure the justice system is known, open and available to them; and increasing efficiencies in the Office of Public Safety.
Federal officials acknowledged the positive work that Montana has already done. Last summer, it began requiring all students to take a sexual assault tutorial before registering for second-semester classes. The investigation followed nearly a dozen sexual assault reports at Montana, the most high-profile of which (and the one that prompted federal officials to enter the fray) involving athletes, and a university-commissioned report that determined Montana had “a problem” and should be investigated further. The Justice Department is still investigating city law enforcement in Missoula, and encouraged better cooperation between campus and local police.