Albert Lord, the CEO of Sallie Mae, told industry analysts Thursday that he does not believe reports suggesting a bubble ahead for student loans, Bloomberg reported. "We don’t see anything of any evidence close to a bubble," Lord said. "This country underwent a significant financial crisis in our very recent past. It’s not really a surprise that many see bubbles around every corner." Sallie Mae expects to originate $3.2 billion in education loans this year.
Higher Education Quick Takes
Gonzaga University is rejecting calls from some alumni that it rescind its invitation to Archbishop Desmond Tutu to be commencement speaker this year, The Spokesman-Review reported. Critics of the invitation say that the Roman Catholic institution shouldn't honor the Anglican cleric who was a leader in the fight against apartheid because he disagrees with Roman Catholic teachings on various issues related to gender and sexuality. But the university released a statement defending the invitation. "In the 1980s and early 90s, Gonzaga faculty, staff and trustees, together with a generation of students, worked to bring awareness of the evils of apartheid in South Africa to the forefront of the Spokane community,” the statement said. "At the University’s 2012 undergraduate commencement, we are privileged to welcome a world-renowned Christian leader and social rights activist whose faith-based lifelong dedication to the cause of justice so clearly resonates with our work as a university."
Rev. Bradley M. Schaeffer on Thursday quit his position as a Boston College trustee. His resignation followed a report in The Boston Globe that he had failed to stop a priest he was supervising from abusing boys. "As all in our community know, Boston College is a wonderful, caring institution of higher education,” said his resignation letter. "I do not want to harm it or be a distraction. Therefore, I am ending my service as a trustee today.”
Two University of Michigan graduate research assistants have filed a lawsuit against the state over a new law that bars graduate research assistants from unionizing, The Detroit Free Press reported. Republican lawmakers pushed through the legislation just as organizers appeared on the cusp of winning the right to form a union. The suit charges that the law violates the U.S. Constitution's equal protection requirements by creating a special class of workers (graduate research assistants) who are denied rights available to other workers.
Annette M. Spicuzza has announced plans to retire as police chief at the University of California at Davis, The Sacramento Bee reported. Spicuzza has been criticized for the use of pepper spray on seated, peaceful students at a protest in November. In an e-mail message, she said: "As the university does not want this incident to be its defining moment, nor do I wish for it to be mine. I believe in order to start the healing process, this chapter of my life must be closed."
Rudy Fichtenbaum, an economics professor at Wright State University, will be the new president of the American Association of University Professors, the organization announced late Wednesday. Fichtenbaum won 2,246 votes in the AAUP elections, nearly 1,000 votes more than Irene Mulvey, a professor of mathematics at Fairfield University, who was also competing for the post. “The current crisis calls on us to shift our focus and place our highest priority on organizing to defend our profession and genuinely reform higher education,” Fichtenbaum said in an e-mail statement after the results were announced. He has served as president of the AAUP’s Ohio Conference and has been a member of the organization’s National Council.
Franklin & Marshall College officials said Wednesday that the liberal arts college had fired its women's lacrosse coach in the wake of an investigation into a hazing complaint, Bloomberg reported. Franklin & Marshall officials said that they had dismissed Lauren Paul, whose team won a Division III national championship in 2009, and suspended a group of junior and senior players for conducting the hazing incident last year. “We make student athletes aware that there is a zero-tolerance policy against any form of hazing, and our coaches are responsible both for conveying and stewarding this policy,” Cass Cliatt, the college's spokeswoman, said in an e-mail to Bloomberg. “Not only is hazing a violation of our rules of conduct, it is against state law, and we cannot allow any activity in which students endanger themselves or others.”
The office of the chancellor of the California Community College has announced that its review of two-tiered tuition at community colleges in the state has found that the practice would be illegal. The office has been studying the issue since Santa Monica College announced a plan -- since abandoned -- to charge more for some high-demand courses. The chancellor's office consulted with the state attorney general's office on the issue, but a spokeswoman for the chancellor's office said that no formal opinion was requested or provided. But she said that, based on the review and the consultations, the chancellor's office is "comfortable" feeling that two-tiered tuition "is not permissible and is therefore illegal" under California's education code.