In the past year, many faculty members and students who never paid much attention to the concept of "endowment payout rates" and their rolling averages have had reason to learn about them. In short, the idea is that colleges and universities shouldn't decide each year what share of their endowments to spend, but should have a standing philosophy on the appropriate payout rate, and should average that rate out over several years to avoid spending too much or too little based on a particularly good or bad financial year.
Samuel L. Stanley Jr. has learned the hard way that it’s tough to keep bad news quiet. The recently minted president of the State University of New York’s Stony Brook campus whispered the details of a controversial plan to lawmakers Tuesday, only to find the discussions picked up by media within hours. That left Stanley and his staff scrambling Wednesday morning, trying to explain why and how Stony Brook’s Southampton location will be largely shuttered by fall.
“It was really disturbing that a meeting we felt we had in confidence was let out,” Stanley said.
DENVER -- State support for higher education tends to be cyclical -- a fact that's been comforting to many who study or teach at public colleges and universities that have been facing budget cuts these past two years.
At a time when tenure track jobs are drying up and faculty pay is mostly stagnant, some fear the latest threat to the professoriate will actually be realized years from now. As budgets tighten in states across the country, a number of legislatures are re-evaluating the popular pension plans that have been a key benefit for faculty.
WASHINGTON -- College faculty aren’t any more burned out than the rest of the U.S. workforce on average, but the struggles of the untenured on the tenure track are the most pronounced, according to a survey presented at an American Association of University Professors conference here Wednesday.
In an analysis of professional burnout among professors, a Texas Woman’s University Ph.D. candidate found tenure track professors had more significant symptoms of workplace frustration than their tenured and non-tenure track faculty counterparts.