Business / financial management

Rhode Island governor tapped public college foundations to pay for state business

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Public college foundations raise money in part to offset tight state budgets. But Rhode Island's governor is tapping foundation money to pay for state business.

Congress returns to scrutiny of wealthy university endowments

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Lawmakers are again raising questions about wealthy universities' endowments -- and tossing around ideas to crack down on them.

Giving to colleges hits another record high; wealthy institutions get the most

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As charitable donations to higher education soar to a new record high, the richest institutions continue to distance themselves from the rest.

Universities left footing the bill as budget crisis looms in Illinois

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Universities in Illinois are covering millions in state costs as politicians continue to debate a 2015-16 budget halfway into the fiscal year.

Strategic alliances that are more expansive than consortia but less risky than mergers

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A new report recommends a form of strategic alliance among colleges that is more substantive than consortia but less likely to fail than outright marriages.

Illinois legislators scrutinize college executives' pay and exit packages

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A spate of higher education scandals in Illinois prompt the question: Is it time for states to crack down on executive compensation and exit packages?

Vanderbilt University weighs in on its controversial compliance costs report

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While discussing the Higher Education Act, Vanderbilt's chancellor equated cost of compliance to $11,000 per student -- and the message snowballed.

Proposed U.S. rules on financial products draw criticism, praise

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Colleges and banks say new Education Department rules governing debit cards and more would limit choice and might be illegal, while consumer advocates urge the agency to crack down even further.

Enrollment declines drove closure of Marian Court College

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Marian Court College's president says after years of declining enrollment and tuition revenue, the institution ran out of options -- sooner than professors expected.

Ohio 2-year colleges to share administrators in bid to cut operating costs

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Two small two-year institutions in northwest Ohio craft plan to combine key administrative positions to save money. Officials say no merger is planned -- but faculty leaders are skeptical.

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