The University of California at Los Angeles on Wednesday announced a $100 million gift for its business school -- the largest ever for the business school. The donation is from Marion Anderson. The UCLA Anderson School of Management is named for her late husband, John E. Anderson, in recognition of an earlier gift by the couple. UCLA will use $60 million from the new gift for financial aid, fellowships and research funding. The remaining $40 million will be seed funding for a new building.
Many states are moderately restoring higher education funding, but major cuts during the 2008 recession have made for an uphill battle.
In 47 states, per-student public funding for higher education remains well below prerecession levels, according to a report released Wednesday by the Center on Budget and Policy Priorities. That's in spite of the fact that 37 states increased higher education funding last year by an average of nearly 4 percent. The average state is spending $1,805 per student, or 20 percent less than before the 2008 recession. In severe cases -- like in Alabama, Arizona, Louisiana, Pennsylvania and South Carolina -- funding has been reduced by 35 percent.
“Deep state funding cuts have had major consequences for public colleges and universities. States (and to a lesser extent localities) provide roughly 53 percent of the revenue that can be used to support instruction at these schools,” stated the report.
Yale University on Monday announced a $150 million gift to renovate several historic facilities and to create a campus hub for student life with a mix of educational, cultural and social functions. The gift is from Stephen A. Schwarzman, the Blackstone founder and a Yale alumnus.
Norfolk State University announced Friday that it will eliminate 97 jobs -- some of them currently vacant -- to deal with a $16.7 million deficit in the budget for the next academic year, The Virginian-Pilotreported. Norfolk State is a historically black college that is struggling with enrollment and, as a result, with finances. Enrollment for the fall is expected to be about 5,100 -- a drop of 900 in a year. Of particular concern is that only 500 freshmen are expected.
Wisconsin Governor Scott Walker's plan to give state colleges autonomy while substantially cutting their funding was axed by Republican legislators Tuesday.
Legislators said they planned to decrease Walker's proposed $300 million in higher education cuts. By how much they weren't sure.
Walker had planned to create a separate authority for the University of Wisconsin System, but instead legislators are now proposing very limited autonomy gains, such as freeing the Wisconsin system from state procurement guidelines. "We think it's an idea we should look at. We're just not prepared to implement it in this biennium," said State Senator Alberta Darling, according to the Milwaukee Journal Sentinel.
Wayne A. I. Frederick, president of Howard University, last month sent an appeal to alumni on behalf of 180 seniors who were on track academically to graduate this month, but who would be blocked from doing so because they owed money to the university. The Washington Post reported that Frederick described the seniors' circumstances (hometowns, majors, grades and debts) without giving their names. Their balances ranged from $313.50 to $27,871.75. The students collectively owed about $380,000 when Frederick sent out the appeal. So far the university has received $160,000 in response.
For three years, Cheyney University failed to meet its requirements to track federal student aid awarded to its students, The Pittsburgh Post-Gazette reported. Colleges and universities are required to do such tracking to make sure students are eligible, and Cheyney could have to repay funds for which it can't document student eligibility. Just under $50 million in aid awards was not tracked, and that process has now started. It is unclear how much the university could owe. Cheyney, a historically black college in Pennsylvania, is already facing significant financial problems.
A California jury has rejected a class action against the California State University System over a 2009 tuition increase, City News Service reported. Students challenged the increase as illegal since they had already paid tuition. But the university argued that it had warned repeatedly of the possibility of tuition increases as the state imposed deep cuts in appropriations for higher education.