institutionalfinance

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.

Akron Layoffs Include Everyone at University Press

The University of Akron announced a few weeks ago that it would eliminate more than 200 jobs to deal with a budget deficit. As employees losing their jobs were notified this week, it has become clear that the university is eliminating its university press. All employees of the press are among those having their jobs killed, Northeast Ohio Media Group reported. "We have essentially been shut down," said Thomas Bacher, director of the press. "Another blow against culture by a short-sighted administration. It's sad that the university values beans over brains." The press is a small one with a focus on Ohio-related topics, and it also publishes some poetry.

The university layoffs also include all employees of Akron's multicultural center, although the university says that other offices will support the programming offered by the center.

Faculty members have been complaining that the university is refusing to consider cuts to the football program, which loses money and attracts few fans to watch its games.

Number of for-profit colleges declines as enrollments wither

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Almost 100 fewer for-profit colleges operated in 2014-15 than in 2012-13, according to federal data.

Boston Colleges Don't Make Payments City Seeks

Many nonprofit hospitals comply with the city of Boston's request for twice-yearly payments from nonprofit organizations with more than $15 million in tax-exempt property in the city. But an analysis by The Boston Globe finds that many private colleges don't come close to the totals the city requests to cover their share of costs, such as snow removal and police and fire department protection. Of the 19 colleges that the city asked for funds, 13 gave less than requested in 2015. A Globe analysis of the eight colleges with the highest-value tax-exempt holdings in the city gave these figures for the share of the funds that the city asks that they actually gave:

  • Northeastern University and Emmanuel College: 13 percent
  • Emerson College: 19 percent
  • Boston College: 23 percent
  • Harvard University: 44 percent
  • Wentworth Institute of Technology: 50 percent
  • Suffolk University: 50 percent
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U of Wisconsin Colleges to Cut and Consolidate Administrative Jobs

The University of Wisconsin Colleges, a system of 13 two-year college campuses, on Tuesday announced it would consolidate the leadership jobs for those campuses into four regions, with a single executive officer for each region. Those four leaders will replace the current 13 top posts at the campuses.

The system said it was eliminating the equivalent of 83 full-time administrative positions to cope with its $5 million share of the $125 million state budget cut to the University of Wisconsin System. Another $125 million cut is slated for next year. The UW Colleges, which enroll 14,000 students, will not eliminate any faculty positions, the system said in a news release.

Cathy Sandeen, chancellor of the UW Colleges and UW-Extension, said the budget cuts are the largest in the system's history.

“In making these changes, we are staying true to our key priorities and our mission: to ensure access, to provide the highest level of instruction and services to our students, and to uphold our commitment to the communities that invest in us,” Sandeen said in a written statement. “I have been strongly committed throughout our budget reduction processes to protecting our academic program, which is our core mission.”

As institutions outsource they should keep their mission -- and the vendor -- close

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What factors should institutions weigh as they consider outsourcing services?

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