institutionalfinance

Delayed state payments cause headaches for Illinois public universities

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For three years, Illinois has delayed payments to public colleges, presenting a different sort of budgeting problem for administrators.

State funds for higher education fell by 7.6% in 2011-12

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Continued economic strain and expiration of stimulus funds drove 7.6 percent drop in aid to higher education in 2011-12, the largest in more than 50 years, annual study finds.

New investment fund to help traditional colleges take ideas to scale

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New $100 million investment aims to fuel innovation by nonprofit higher ed; first projects focus on Hispanic students and online education in Europe.

Calls for major reform of college sports unlikely to produce meaningful change

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From The Atlantic to sports radio, talk of a "crisis" in big-time college athletics is rampant. If you pay attention to history, the likelihood of transformative change is tiny. Unless ...

Georgia university system proposes consolidation of 8 campuses

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The recession opened the door for the University System of Georgia's proposal to consolidate eight campuses. It still won't be easy.

Law schools gather in DC for annual conference

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The Association of American Law Schools gathers in Washington today, but with few mentions of the crisis in legal education on the agenda.

Cornell and Technion's win in New York competition reflects desire to grow urban ties

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Cornell's victory in New York City competition, and its intense desire to win, show the importance of urban ties for the future of research universities.

Wyoming Catholic Won't Use Federal Aid or Loans

Wyoming Catholic College announced last week that it will not participate in federal student aid or loan programs. The college, founded in 2005, achieved candidate status for accreditation last year, making it eligible to apply to participate in federal student aid programs. But the college's board voted not to participate, citing concerns about federal regulations that are attached to student aid programs. While many private colleges complain about federal regulations, very few opt out of aid programs. The college said it would step up fund-raising efforts so that it could offer more assistance directly to students. A statement from President Kevin Roberts said: “By abstaining from federal funding programs, we will safeguard our mission from unwarranted federal involvement — an involvement increasingly at odds with our Catholic beliefs, the content of our curriculum, and our institutional practices.”

 

Western Nevada Eliminates Athletics

Western Nevada College announced Tuesday that it is eliminating its two intercollegiate teams, baseball and softball, The Record Courier reported. Officials said they could not justify the expense -- $400,000 a year for 50 students who played on the teams.

 

Private Art College May Merge Into Salem State U.

A small free-standing art college in Massachusetts, Montserrat College of Art, may merge into Salem State University, the two institutions announced Monday. The two institutions have been in private due diligence discussions and now plan to move to public discussions involving various campus constituencies. A statement from Stephen D. Immerman, the Montserrat president, said, "Montserrat offers a unique brand of arts education for a unique student population. However, as a small, private college with less than 400 students, it is challenging to provide the resources needed to maintain and grow the competitive advantages needed for working artists. By joining Salem State, we believe that we can ensure that the Montserrat name and the college's tradition of excellence and student-centered education will remain available for future generations of aspiring artists and designers."

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