institutionalfinance

Two-year colleges in Illinois and other states lean on local government for funding

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Illinois leads list of states where community colleges already get only a single-digit percentage of their budgets from the state, and more cuts may be on the way.

Report: Alabama-Birmingham to End Football Program

The University of Alabama at Birmingham is poised to shut down its football program this week, Sports Illustrated reported. The magazine, citing unidentifid sources, said the university plans to fire its athletics director and announce that it is discontinuing its football team, which qualified for a bowl game Saturday for the first time in a decade. The decision on football comes as UAB is developing a university-wide strategic plan.

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Does Kean U. Need a $219,000 Conference Table?

Many students and legislators are angry that Kean University paid $219,000 for a custom-built conference room table, NJ.com reported. The university did not seek bids on the project and used a Chinese company as part of an effort to build ties to China. Dawood Farahi, Kean's president, told NorthJersey.com it was "small-minded" to make inquiries about the cost of the table.

UPDATE: A spokeswoman for Kean, via email to Inside Higher Ed, said the table should be viewed as a "conferencing center" because it includes electronic equipment, storage for the equipment and lighting, and is more than the conference table itself. The photo below is of the table.

Tuition Hikes Prompt Sit-Ins at Berkeley, Santa Cruz

Students started sit-ins last week at the University of California's campuses at Berkeley and Santa Cruz to protest the Board of Regents' vote to approve tuition increases for the system. The Berkeley sit-in started Wednesday, The Los Angeles Times reported. The protesting students there are issuing updates and demands through this website. Cornel West, a professor of philosophy at Union Theological Seminary, stopped by the Santa Cruz sit-in to endorse the effort. He said occupying buildings "puts the spotlight on an issue."

 

 

 

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Shift for national free-college group, which wants to bolster local programs

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National "free tuition" group changes its name and pitch with plan to support state and city tuition scholarships while continuing to push on the federal level.

Performance-based funding provokes concern among college administrators

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Public colleges may be using grade inflation or tightening admissions standards to comply with performance-based funding, survey finds.

$100 Million Gift for Faculty at U of Wisconsin Madison

The University of Wisconsin at Madison on Saturday announced a $100 million gift from John and Tashia Morgridge -- an alumni couple -- to support faculty enhancement. The gift is the university's largest from individual donors. The money will be used to match donations for new and enhanced professorships, chairs and distinguished chairs.

 

Ex-Head of Foundation Pleads Guilty to Embezzlement

The former executive director of the foundation that raises money for the Los Angeles Trade Technical College pleaded guilty Friday to felony embezzlement, The Los Angeles Times reported. Jiah "Rhea" Chung, 44, admitted that she took $50,500. She was sentenced to three years of formal probation and 60 days of work for CalTrans. But her lawyer questioned the fairness of the judicial findings. He questioned why some foundation officials denied that they authorized the payments. "The political climate is such that it’s so hard for anybody accused of any public integrity crime to get a fair hearing," the lawyer said. "You’re looking at a woman who really physically can’t fathom being able to withstand even a single day in prison."

College endowments see double-digit returns for the second year in a row

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College endowment gains, which only two years ago were negative on average, are in the double digits for the second year in a row.

U. of Iowa faculty worry their president has not done enough to fight budget cuts

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U. of Iowa faculty are bothered that their president co-signed a letter endorsing a plan to cut the university's budget by $50 million.

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