New research out of Ohio State University suggests a silver lining to the cloud of loan debt faced by many students. For young adults aged 18 to 27, the more credit card and student loan debt they hold, the higher their self-esteem. Only once the young adults hit 28 do they start to realize that debt may have a downside. "Debt can be a positive resource for young adults, but it comes with some significant dangers." said Rachel Dwyer, an assistant professor of sociology at Ohio State and lead author of the study. "Young people seem to view debt mostly in just positive terms rather than as a potential burden." The study is being published in the journal Social Science Research.
Higher Education Quick Takes
Nevada is the latest state in which legislation to permit concealed weapons on campuses has died. The Nevada Senate passed the bill -- over the objections of faculty leaders. But The Las Vegas Sun reported that the bill died when a divided Assembly Judiciary Committee failed to take it up.
Yale University is very proud of the popularity of Open Yale Courses, a program in which online videos are available of selected courses. But the university was less than pleased -- and has its lawyers objecting -- to a book published by a university in China that is based on the lectures in some courses, including material copied from translations prepared by a nonprofit group. An article in The Yale Alumni Magazine details the university's concerns.
Providing extra scholarship funds encourages community college students to enroll full time and to take summer courses, according to a study released Tuesday by MDRC, a research organization. The study was based on projects at Borough of Manhattan Community College and Hostos Community College, both of the City University of New York.
Faculty members at the University of Oxford have voted "no confidence" in the higher education policies of Britain's government, Times Higher Education reported.
Eight members of the Southern Collegiate Athletic Conference are leaving that group to form their own conference. The eight colleges are all residential liberal arts institutions in Division III of the National Collegiate Athletic Association. They cited a desire to save time and money on travel by having a conference of closer geographic focus than the SCAC, which includes institutions in Texas, Colorado and Indiana. The members forming a new (not yet named) conference are: Berry, Birmingham-Southern, Centre, Hendrix, Millsaps and Rhodes Colleges; Oglethorpe University and the University of the South.
Bethany University, an Assemblies of God institution in California, announced late Tuesday that its board approved the institution's sale to a group of investors. A statement from the university did not identify the investors, and was vague on the future structure of the institution. The investors, the statement said, "will form a new nonprofit entity to assume operational control of Bethany University. The new corporation agrees to assume all debt and operational liabilities and responsibilities for Bethany University."
Rev. Lew Shelton, who has been president of the university for the last three years, will be leaving that position in July. He did not respond to questions about Tuesday's announcement.
A major controversy in accrediting of late has been the purchase or proposed purchase of regionally accredited nonprofit colleges by for-profit ventures. Ralph A. Wolff, president of the Senior College Commission of the Western Association of Schools and Colleges, Bethany's accreditor, said that he had seen reports about a for-profit purchase of Bethany, but that he had been told the university would remain nonprofit.
Via e-mail, he said: "We understand that the group mentioned in this press release is intending to maintain the nonprofit status of the university, but will need to verify this and the other arrangements as we work through the transition and related transactions. It is likely that the arrangements being sought will require our review and prior approval, which would provide us with far greater detail than this press release."
The U.S. Supreme Court on Monday declined to hear an appeal of a California Supreme Court ruling that upheld a state law letting some undocumented immigrants pay in-state tuition rates at the state's public colleges. The California court's decision last November upheld AB 540, which allows students whose parents came into the United States illegally to pay resident tuition rates if they graduated from an in-state high school and had attended one for three or more years. By declining to hear the appeal, which was sought by a group of students from outside California who said the law discriminated against them because they were forced to pay non-resident rates at California public colleges, the U.S. Supreme Court lets the state ruling stand. California community college and university officials applauded the U.S. court's stance.
An investment group is poised to sign a deal to provide funds to Bethany University, a financially struggling Assemblies of God institution in California, The San Jose Mercury News reported. The article referred to the unidentified group buying the university, and quoted Bethany officials as saying that the funds would allow Bethany to "maintain its mission." Details were not provided. Bethany is accredited by the Western Association of Schools and Colleges, and for-profit purchases of or investments in regionally accredited colleges have of late been controversial.