Higher Education Quick Takes
The Consumer Financial Protection Bureau is seeking comments on private student loans from students, families, colleges and loan providers to prepare a report for Congress on private student lending. In a notice published in today's Federal Register, the bureau said it was seeking information on how students use private loans, what types of comparison shopping tools are available, what best practices are for financial aid offices who counsel private borrowers, and other topics related to the private lending industry. The report must be submitted to Congress by July 21, 2012.
Part of the Occupy Wall Street movement is planning to announce on Monday a campaign to encourage people repaying student loans to stop doing so. The idea is that people will pledge to stop repaying their loans when 1 million people agree to do so. The hope is that such a volume of non-repayment would make it difficult to punish those who opt to stop paying. The repayments could continue, however, if certain conditions are met. Those conditions include making public higher education free to students. The campaign was described to Inside Higher Ed by Andrew Ross, a prominent humanities scholar at New York University, who has been involved with the efforts to start the drive.
Union Theological Seminary, in New York City, has announced that Cornel West will be leaving his Princeton University professorship to become a professor of philosophy and Christian practices at the seminary. West has been a key figure in philosophy, cultural studies and African-American studies at Princeton and, before that, at Harvard University. Earlier in his career, he taught at Union Theological. West told The New York Times that he was going to be taking a significant pay cut to leave Princeton, but that he was ready for the move because Union is “the institutional expression of my core identity as a prophetic Christian.”
The average compensation for a big-time college football coach is $1.47 million this year, up 55 percent over the last six seasons, USA Today reported. The newspaper's study found that the pay in the six conferences that make up the Bowl Championship Series, the increase was roughly the same percentage, but on a larger base. The average salary in those conferences for a head football coach is $2.125 million. The USA Today analysis found that 64 coaches are making more than $1 million, of which 32 are being paid more than $2 million and 9 are making more than $3 million.
Natalie Wisneski, the Fiesta Bowl's former chief operating officer, was indicted Wednesday on federal charges that she covered up illegal campaign contributions by bowl employees, The Arizona Republic reported. Among other things, she is alleged to have filed false financial records and making campaign contributions in another person's name. She is also charged with soliciting campaign contributions from bowl employees and then reimbursing them with revenue from the bowl. Wisneski was not available for comment but has previously denied wrongdoing.
WASHINGTON -- A budget compromise for fiscal year 2012 expected to be approved later this week would increase funding for the National Science Foundation and other federal scientific research efforts. The Senate and House have agreed on a "mini-bus" bill with funding for five cabinet-level departments: Agriculture, Commerce, Justice, Housing and Urban Development, and Transportation, as well as for science and other related agencies. Their budget would increase NSF funding to $7 billion, $173 million more than in 2011 and more than was proposed by either the House or Senate appropriations subcommittees, although significantly less than the $907 million increase President Obama requested in February.
NASA would face a budget cut of $648 million, mostly in space exploration, but funding for NASA's science programs would increase by $155 million. The National Institute for Standards and Technology would see a $33 million increase to $751 million -- also below the president's request.
The package also includes a continuing resolution that would avert a government shutdown in December.
India's prime minister, Manmohan Singh, on Tuesday announced plans to create a "meta university." This new university would be a structure that would allow students to simultaneously enroll in programs at multiple institutions. "This would enable a student of astrophysics in the Indian Institute of Science, Bangalore, for example, to take up a course in comparative literature at the Jadavpur University. Such creative reconfigurations are expected to create 'new minds' conducive to the growth of innovation," said Singh, in a speech at India's National Innovation Council.
Cabrini College has announced that it is cutting tuition by 12.5 percent, to $29,000, for 2012-13. Some colleges that have in the past cut or frozen tuition rates have fairly quickly seen increases in subsequent years, but Cabrini has imposed a limit on future increases. It has pledged that tuition will remain below $30,000 through May of 2015. The college also said that current merit scholarship awards will not be reduced.
The career services office at Pennsylvania State University is offering students advice on what to do if they are asked by prospective employers about the sex-abuse scandal. In a letter, the office says that it has not experienced cancellations of recruiting sessions, but has received questions from students about what to do if the topic comes up.
The advice is as follows: "Students may acknowledge that they are primarily concerned for the victims and also concerned for Penn State in these unsettling times. However, students should keep the focus on the job or internship for which they are applying and how they will excel in the opportunity. Students should note that they can only take personal responsibility for their individual actions. Talk about the good work accomplished at Penn State in building the skills and professional qualities in preparation for the position, and about the excitement to put those skills to work for the employer. Inform the employer or internship site that, if hired, you will reflect favorably on the employer through your good work, core values and skill obtained through our university."