institutionalfinance

Pitzer College says it saves its endowment by temporarily ending spending

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One approach to preserving an endowment? Simple: Stop spending it. 

Student advocacy group blames state disinvestment for tuition increases

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Grading states' support for higher education, an advocacy group for students makes the case that legislators and governors are responsible for rising public college tuitions.

Accreditor Places Martin University on Probation

Indiana's Martin University has been placed on probation by the Higher Learning Commission of the North Central Association of Colleges and Schools, which cited concerns about the institution's finances and governance and the adequacy of its faculty and staff. The commission also placed several other institutions -- Arkansas Baptist College, Oglala Lakota College, Southwestern Christian University, and Salem International University -- on notice, which is less severe than probation. Kansas City Art Institute and Morton College were removed from notice.

Marietta College Cuts 20 Full-Time Positions

Marietta College, a private institution in Ohio, is eliminating 20 full-time positions to deal with a budget shortfall, The Marietta Times reported. College officials said that they needed to make cuts to be able to make investments needed to promote the college's long-term sustainability.

 

Indiana Considers Shift in Deadline for State Aid

Indiana officials are considering whether the state's March 10 deadline for applications for state student aid is too early, and discourages applications from those who may most need assistance, The Indianapolis Star reported. The deadline is earlier than those of most states and the deadline for seeking federal aid. Officials believe that up to half of the state residents who meet eligibility requirements don't apply. Many say that nontraditional students don't figure out their college plans until later in the year, and so are missing the chance at getting state aid. A flip side of this issue, however, is that if more students apply, and the state doesn't provide more aid, the size of grants could shrink.

 

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Former college president shares 9 elements for building a sustainable campus

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A former college president identifies 9 elements for success.

Debate Over 'Student Success Fees' at Cal State

More California State University campuses are adopting or proposing "student success fees" of $200 to $500 per semester to add sections, counseling and other services that promote degree completion, The Los Angeles Times reported. The campuses say that they need the funds, noting that the relatively good budget year they are having doesn't come close to making up for the cuts of previous years. But students and others say that these fees are paying for expenses that tuition is supposed to cover, and that the fees run counter to pledges to the state about minimizing tuition increases.

 

The States and Their Higher Ed Policy Shortcomings

States' failures to use their money strategically; align their educational offerings to students' needs; and help students move from K-12 to higher education combine to limit their ability to close higher education and attainment gaps and produce more educated work forces at a time of great need, a new report asserts.

The report from the Institute for Research on Higher Education at the University of Pennsylvania's Graduate School of Education examines the higher education policies and outcomes in five representative states -- Georgia, Illinois, Maryland, Texas and Washington -- and offers recommendations to state leaders, including focusing more attention on socioeconomic equity and better aligning their policies to desired outcomes.

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Credit Card Marketing Geared at Students Is Down

Ever since a 2009 law restricted the ability of credit card companies to push their wares on college students, the companies have substantially reined in their marketing to students -- but are targeting alumni instead, the Government Accountability Office said in a report released Tuesday

The GAO report found a decline in the number and value of affinity card agreements, in which issuers use the institution's name or logo in exchange for payments. Several leading providers of credit cards said that they had ceased their marketing to students, and college officials interviewed by GAO agreed.

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Amid Fiscal Crisis, Mid-Continent U. President Quits

Robert Imhoff, president of Mid-Continent University, resigned Saturday amid reports that the Baptist institution in Kentucky is facing a severe financial crisis, WPSD News reported. At the same time, officials vowed to keep the university open. At least one trustee has suggested that the university may not be able to survive, and local colleges are looking at transfer options for those at Mid-Continent. Gale Hawkins, a trustee, shared this advice for students: "I just simply say, if it was my child or myself I would get the most current transcript I could get from the office today."

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