Finance & Policy News

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14 hours 25 sec ago

Like thousands of their students before them, 30 presidents of Lutheran colleges and their spouses are using a day of their annual meeting in New Orleans to do what so many of their students have done in the wake of Hurricane Katrina - help rebuild. On Monday, February 6, the presidents of the colleges and universities who are members of the Lutheran Educational Conference of North America (LECNA) will help rebuild a house and...

14 hours 25 sec ago

The stars are aligned for this new disruption to emerge - whether you call it "the unbundling of the university," the "modularization of education" or "eliminating the middleman" (the College). Steve Jobs said, "You can't connect the dots looking forward; you can only connect them looking backwards." However, when some of the bread crumbs start to line up, it is an indication that a...

14 hours 25 sec ago

Average tuition and fees at public four-year colleges is $7,605 per year for in-state students and $11,990 for full-time out-of-state students, according to a 2010 report from CollegeBoard, a nonprofit organization that researches higher education trends. Time for plan B. Public two-year colleges charge an average of $2,713 per year in tuition and fees. In addition to utilizing community colleges, other methods are being explored...

14 hours 25 sec ago

Claremont McKenna College took another blow Friday as a result of the scandal involving its admissions office exaggerating freshman classes' SAT scores. Kiplinger, the finance magazine, announced that it had dropped the Southern California campus from its list of best values in liberal arts colleges. Earlier this week, Claremont McKenna president Pamela B. Gann informed the school that an admissions official had boosted the...

14 hours 25 sec ago

Much of what the federal government does to help college students is in indirect support, through grants, loans and jobs, which affect people attending private as well as public colleges. Yet that level of support can't keep pace with demand, much less the super-inflationary flow of tuition and other college costs. The imbalance is birthing a generation of graduates defined more by overbearing debt than its preparation for...

14 hours 25 sec ago

The president has criticized rising tuition costs and mounting student loan debts as obstacles to the middle class and long-term economic improvement. Last week's national unemployment report underscores the president's concerns about higher education costs. Employers added 243,000 jobs, the second straight month of better-than-expected gains, and the unemployment rate fell to 8.3 percent. But economists worry that there...

14 hours 25 sec ago

A group of lawyers has filed suits against a dozen different law schools accusing them of using rosy, and grossly distorted, jobs data to dupe students into applying. They followed three similar suits filed last year. Yes, these cases sound like a bad joke - If a law school loses a suit to its recently graduated students, does that make it a terrible law school or a great one' - but they offer a lesson that the administration...

14 hours 25 sec ago

It is more than eight years since Shanghai Jiao Tong University produced its first Academic Ranking of World Universities. Since then international university rankings have multiplied. There are now quite a few things that we have learned about ranking universities: Measuring research is the easy bit. Nobody has figured out how to measure teaching.

14 hours 25 sec ago

In the United States, it is illegal to pay recruiters for each student they bring in - a practice outlawed 20 years ago because of widespread abuse by agents who signed up anyone they could, regardless of academic potential.But the use of commissioned agents to recruit international students remains a highly divisive, hotly debated issue in higher education circles.

14 hours 25 sec ago

Lubbock Christian University has announced their new university president. LCU Chancellor Ken Jones announced during a press conference this morning that Tim Perrin J.D. will be the university's sixth president. Perrin currently serves as the Vice Dean at Pepperdine School of Law. He'll take presidential responsibilities beginning June 1, with chancellor Ken Jones stepping down as interim president.

14 hours 25 sec ago

There's no doubt rising college tuition costs are making it harder for more students to enroll in school and stay there until graduation. And Mr. Obama is right that schools need to be smarter about controlling costs without sacrificing quality. But withdrawing federal aid from schools that fail to hold down costs would need to be done carefully, lest it produce just the opposite of the intended result. Everyone wants college...

14 hours 25 sec ago

While no one here is glad to see Kodak go bankrupt, it's hardly the catastrophe many imagine - in part, surprisingly, because of Kodak. The high-skilled workers it let go over the years created a valuable labor pool for start-up companies. It also helps that Rochester has a strong higher-education sector, which has likewise been supported by Kodak. The University of Rochester became a leading research center through gifts from...

14 hours 25 sec ago

President Obama's proposed reform plan would require colleges that receive federal aid to create "a scoreboard" that gives actual costs, graduation rates and potential earnings for graduates. His idea for establishing a $1 billion fund to provide grants to states that improve graduation rates and reduce costs is a good one. Determining what amounts to good value will be difficult, and persuading Congress to move...

14 hours 25 sec ago

There is a wide range of support at every level for cutting the cost of college. On Tuesday, the National Association of Independent Colleges and Universities, which represents more than 1,000 nonprofit, independent colleges, gathered to discuss strategies and concerns about the president's plans.

14 hours 25 sec ago

President Obama's plan to make college more affordable is noble in intent but misses the mark in design.Today's college students are dramatically different from the archetype of the U.S. undergraduate, attending full time at residential schools. Most students now commute to campus, balancing jobs, school and often family. Higher education has done little to adjust to the changing needs of this new majority, with the result...

14 hours 25 sec ago

"We're in something akin to the gold rush, a frontier-style environment where colleges and universities, like prospectors in the 1800s, realize that there is gold out there," said David Hawkins, the director of public policy at the National Association for College Admission Counseling. "While it's the admissions offices butting up against the issues most right now, every department after them, every faculty...

14 hours 25 sec ago

A new survey should prompt renewed focus on a fundamental higher-education truth: The skills that liberal-arts studies instill - critical thinking, logical reasoning, clear writing - are crucial for success. Those who have such "general skills" can better adapt to various jobs and life challenges - an edge over those who don't. That's a result of both those skills and the self-discipline needed to master them....

14 hours 25 sec ago

An elite California college's admission this week that it tried to boost its reputation by inflating the test scores of incoming freshmen has stoked a heated debate over the outsized influence and controversial methodology of commercial "best college" lists. But behind the furor over the fraud at Claremont McKenna College is a crescendo of calls from academics, politicians and parents for new rating systems that would...

14 hours 25 sec ago

Urbana University will not increase costs next school year in an effort to keep current students and attract new ones, University President Stephen Jones said. "What brought this about is this continuing economic situation that this region, really this nation, (is) in, but particularly this region," Jones said. Tuition increased at private, nonprofit colleges by an average of 4.6 percent nationwide in 2011-12, according...

14 hours 25 sec ago

The digital revolution will make higher education better, cheaper, more accessible, more engaging and far more customized than anything that exists today. It'll also turn our current institutions upside down. But the real disruption comes when you stop measuring academic accomplishment in terms of seat time and hours logged, and start measuring it by competency.