News, Views and Careers for All of Higher Education
Aug. 22, 2007
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Hats off to the faculty at Queen’s. It is encouraging to see that the faculty at Queen’s have taken their Principal (Presdent) to task for committing their institution politically without the consent of the faculty. The faculty of the other colleges and universities should do the same. Over three hundred US college presidents recently signed an advertisement that was paid for by a Jewish lobby group. No president should be allowed to take side in a national or international poltical dispute without the consent of the faculty. Unfortunately, those who succombed to the lobbying efforts of the Jewish lobby did not even consider how Israel treats Palestinian educational institutions. Presidents must resist the temptation to favor one grup over others in a political dispute. They must not accept favors such as free trips and other incentives in exchange for committing their institutions politically.
Bob, at 1:50 pm EDT on August 22, 2007
“Presidents must resist the temptation to favor one grup over others in a political dispute. They must not accept favors such as free trips and other incentives in exchange for committing their institutions politically.”
Well Bob, the British academic boycott did favor one group (not grup) over another in a political dispute. Whether or not you agree with the politics (and you obviously favor the Palestinians) of the situation, a boycott on academics because of politics is just wrong. Academic boycotts are only justifiable if the academic group are idiots. When Israel can produce so many Noel prize winners in academic areas, no one could say that Israeli academics are idiots.
Steve, at 6:10 pm EDT on August 22, 2007
Harvard’s endowment is not surprising since the college was founded in 1636 and has had lots of time to accrue big bucks, and of course it has had some well-heeled alumni. comparing it with public universities is mislead because they did not begin heavily hitting the alumni until fairly recently, depending as they do on public suppoet. Why not compare Harvard with the next top seven private universities? Maybe Yale, Princeton, Chicago, and the like.
Dave, Harvard ‘58, at 10:55 pm EDT on August 22, 2007
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Wrong loan at the wrong time...
I am convinced that the vast majority of cases in which students borrow private loans and not Federal loans are the result of aggressive direct-to-consumer marketing on the part of lenders. These private loans aren’t nearly as regulated as Title IV loans, and lenders aren’t required to instruct students to seek other financing options first. And with the new restrictions and regulations on how colleges can recommend lenders to students and parents — which have many schools so fearful of liabilities that they’re likely to stop providing lender lists — it’s only going to get worse.
This is exactly what My Rich Uncle was setting out to do all along...more direct-to-consumer marketing, lending students far more than they need to borrow. Everyone is hearing stories about students borrowing $40,000 in loans that the Financial Aid Office didn’t even know about. Only it’s likely to blow up in the lenders’ faces when the default rates start going back up.
The Department of Education can’t keep saying that they have no authority over these practices simply because they’re not Title IV loans. These practices are making the student debt problem much worse than it already was, and students are being overawarded as a result of loans that the FA Office isn’t even aware of.
DS, at 11:05 am EDT on August 22, 2007