A new book about the donor lawsuit against Princeton

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A new book asserts Princeton U. abused the intent of what was once its largest donor.

Cuts at U. of Scranton

The University of Scranton announced Wednesday that the institution is making "difficult" cuts of $4 million, due to rising costs and a smaller than expected freshman class for the current academic year, The Times-Tribune reported. The cuts involve some layoffs, but university officials declined to say how many.

South Carolina State U. Running Out of Money

South Carolina State University is running out of money, and lacks the funds to make payroll next month, The Times and Democrat reported. Officials said the university nearly was unable to make payroll this month, but was saved by a commission check from Sodexo, the dining services contractor, which nearly didn't get paid because the university owes Sodexo $2.3 million. The historically black university is appealing to the General Assembly for $13.6 million for current bills and those about to be faced by the institution.

18 Arrested in Protest of 'Shared Services' at UT Austin

Authorities arrested 18 students Wednesday who refused to leave the area of the president's office at the University of Texas at Austin, The Austin American-Statesman reported. The protest was over a "shared services" plan in which certain functions that have been performed at the departmental level will instead be centralized. The plan is expected to save a lot of money, and also to eliminate many jobs. The university released this summary of the plan and its rationale, noting that it has not been finalized.


Mid-Continent U. Will Close

Mid-Continent University, a private institution in Kentucky, will close June 30, KFVS 12 News reported. The university has been financially struggling, and facing rumors about a possible closure for months. All employees received layoff notices, and the university hopes that some faculty members will volunteer to allow a final cohort of students to graduate. The university enrolls about 300 students on campus, and another 600 online or through off-campus programs.


Thunderbird calls off plan to work with Laureate and seeks another partner

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Thunderbird drops controversial plan to create joint venture with Laureate, but says it needs to find another entity for an alliance. Alumni remain skeptical.

Pitzer will sell holdings in fossil fuel companies

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Pitzer will sell holdings -- a rare move for a college with an endowment of its size.

$100 Million Gift for Dartmouth

Dartmouth College today announced a $100 million gift, the largest in the college's history. Half of the gift will match other gifts. The donor is anonymous. A major use for the funds will be Dartmouth's cluster hiring initiative, in which groups of faculty members will be hired with various interdisciplinary research agendas.


Harvard Signs Responsible Investment Pact

Harvard University plans to sign the United Nations-backed Principles for Responsible Investment framework. The move does not force the university to take a specific action, like avoiding certain stocks or divesting from fossil fuel producers, which the university has declined to do, but obliges it to consider environmental, social and governance records to the extent they affect investments. A Harvard spokesman said the university will integrate “energy consumption, greenhouse gas emissions, and resource scarcity, and social issues such as health and safety and employee productivity into investment analysis.” Harvard President Drew Faust also announced Monday the university will do more to confront climate change by supporting climate change research and continuing to cut greenhouse gas emissions caused by the campus.

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Applications Drop 20% at Cooper Union

Applications were down about 20 percent at Cooper Union this year, as the institution prepared to start charging tuition to undergraduates under a controversial shift in its financial strategy. A statement from the university said that the drop was expected. Cooper Union admitted more students this year than in the past, assuming that its yield (the percentage of accepted applicants who enroll) will drop from 50 to 45 percent. Officials said that they believed the quality of the class was comparable to the quality in previous years.



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