money

Where’s All the Money Going?

By Andrew Gillen, Matthew Denhart, and Jonathan Robe As they defend tuition increases to irate students and parents, college and university leaders often argue that tuition does not cover their costs and that they are therefore subsidizing their students’ educations. Take, for example, what Southwestern College President Dick Merriman said in an October 2010 piece for The Chronicle of Higher […]

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Faculty Bewildered as Administrators Siphon Off Money

“Inside Higher Ed” reports that Dartmouth College, facing a $100 million budget gap, is taking more funds from endowed chairs and endowed programs to help pay for administrative costs, alarming faculty, some of whom think the move is unethical. Here is a first reaction to this news: we still think faculty run our institutions, but […]

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The Financial Pressure on Faculty

The report entitled “What’s It Worth? The Economic Value of College Majors” is an important study that adds to the growing data base on the outcome of a college education.  It’s a product of Georgetown’s Center on Education and the Workforce, and is authored by Anthony Carnevale, Jeff Strohl, and Michelle Melton. The study collects data […]

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Gainful Employment: A Detriment to Competition

Today the Obama Administration unveiled its long-anticipated and highly controversial final gainful employment (GE) regulation  that ties program eligibility for federal student aid to new metrics that are based on student loan repayment rates. Under the new GE rule, a vocational program can qualify as leading to gainful employment and remain eligible for federal aid […]

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Odd Tuition System: Big Sticker Price, Big Discounts

Tuition pricing for college is a strange business, combining a big sticker price (which few people actually pay) with big discounts in the form of institutional grants (which most people should know enough to negotiate). College pricing is even stranger than the car business. Automobile dealerships aren’t likely to give one customer a sales discount […]

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Why College Still Matters

A growing chorus of critics says a college education is finished as the ticket to economic success and a middle-class life. The economy of the future, these critics suggest, actually requires far fewer college-educated citizens, because the U.S. economy is generating tens of thousands of jobs that require little or no higher education.  In essence, the […]

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The One Trillion Dollar Misunderstanding

At the beginning of 2011 the portfolio of the federal government for education loans was nearly one trillion dollars.  The portfolio consisted of loans for students currently in college extended either directly by the Department of Education or loans from financial institutions like Sallie Mae and banks with repayment guaranteed by the United States Treasury […]

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Let’s Not Take the Money

Writing for Campus Watch, Canadian journalist Barbara Kay has exposed the Islamist organizations behind the $2 million funding of a new chair in Islamic studies at Huron University College, an affiliate of the University of Western Ontario. The two principal donors are Muslim Association of Canada and the International Institute of Islamic Thought (IIIT), both […]

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No Comeback for the Humanities

Here is a story from the Baton Rouge Advocate that confirms the decline of the humanities in the state system (although cuts struck deep into the sciences and education as well).  Officials reviewed hundreds of programs in state colleges and universities, judging them by, among other things, the number of students they graduated each year.  […]

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Why Do the Big Donors Give?

From reading news stories about multimillion-dollar gifts to universities, it’s easy to get the impression that the donors are mostly rich people with pronounced ideological agendas–or else they wouldn’t open their wallets so readily. In April 2010, for example, the billionaire-financier George Soros, known for his funding of progressive causes and his efforts to defeat George […]

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College Presidents–Do They Make Too Much Money?

The Chronicle of Higher Education‘s recently released annual survey of the salaries of university presidents provides empirical support for the proposition that higher education today appears to be less about achieving lofty goals like disseminating knowledge, building character, promoting virtue and expanding the frontiers of what humans can do than it is about something far more mundane: keeping […]

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All Is Not Well at Syracuse

In recent years Syracuse University has decided to make its undergraduate student body more “diverse” and “inclusive”–code words for racial preferences that translated into a freshman class for the fall of 2010 that was 30 percent black and Latino. The class of 2014 was also 26 percent eligible for federal Pell grants to low-income students. […]

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Signs of Campus Dissent in Madison

Not surprisingly, the University of Wisconsin at Madison has been deeply affected by the important labor dispute that has consumed the state, its capitol, and the nation the last two weeks. Passions are high, especially over the part of Governor Scott Walker’s budget proposal that will drastically limit collective bargaining by state employees covered by […]

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Highly Stressed Students and the Aimless Curriculum

When news came out recently that this year’s college freshmen rank their emotional well-being at record-low levels, observers in the media and the ivory tower began to wring their hands. Just how depressed are young men and women on campus? According to researchers at UCLA who conduct the annual “American Freshman” survey, the percentage of […]

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Students ‘Adrift’? Don’t Blame Them

I haven’t read Richard Arum and Josipa Roksa’s Academically Adrift: Limited Learning on College Campuses, and frankly, I’m not sure that I want to. Having had high expectations of other widely touted books on higher education—most recently, Hacker and Dreifus’s Higher Education?, Martha Nussbaum’s Not For Profit, Mark Taylor’s Crisis on Campus—and having been sadly […]

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Do Rich, White Protestants Have a Big Edge in Admissions?

Just how much are “legacies” – students with family ties to graduates – granted an edge in admissions to the most elite institutions in the United States? Until recently, the answer to this question, based on relatively simple analyses of acceptance rates of legacies and non-legacies, had been fairly settled. Legacies, according to the best […]

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Every Professor an Entrepeneur?

What if all college professors were forced to be higher-education entrepreneurs, with salaries pegged to the number of students they attract to their classes? That’s the model recently proposed by a Texas professor who styled himself “Publius Audax” on a Pajamas Media blog. Publius launched his proposal, he wrote, as the solution to a projected […]

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Let’s Change the Student Loan Program

Thousands of British university students walked out of classes on November 24 to protest the cuts in governmental subsidies. Demonstrations in a dozen cities were mostly peaceful, but several dozen students occupied part of Oxford’s Bodleian Library and protesters in London set fires outside government offices in Whitehall where two police officers were injured in […]

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What Happens When College Is Oversold

As I wrote here last week, newly compiled data shows that a great many college graduates have been settling into jobs that do not require higher education. The data, prepared and released by the Center for College Affordability and Productivity (CCAP), show that a majority of the increased number of college grads since 1992—some 60 […]

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25 Ways to Reduce the Cost of College

The Center for College Affordability and Productivity today completed the release of its 240-page report, 25 Ways to Reduce the Cost of College. It offers a dizzying overview of the possibilities for increased efficiency in college operations, both on an individual and collective scale, and serves as a sure retort to the notion that current […]

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College Is Cheaper Than in the Mid-1990s? No Way

By Andrew Gillen and Robert Martin The annual release of Trends in Student Aid and Trends in College Pricing are big news in the higher education world, and rightly so. Since Department of Education data often take a year or two to become available, these reports provide the earliest and most comprehensive preliminary look at […]

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Don’t Pay Sticker Price for College

By Peter Sacks Jeffrey Selingo, the editor of The Chronicle of Higher Education, should have known better. He told ABC News: “students that maybe 10 or 15 years ago came from families who can easily afford to pay for their son’s or daughter’s education are now being forced to apply for financial aid.” That sounds […]

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The Safe and Secure Professoriate

Here is what Andrew Hacker, co-author of Higher Education? How Colleges Are Wasting Our Money and Failing Our Kids and What We Can Do About It , says about tenure in a recent interview in Atlantic Monthly: Here’s what happens. Academics typically don’t get tenured until the age of 40. This means that from their […]

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Yes, Elite Colleges Are Biased Against Poor Whites

If damaging evidence against affirmative action turns up in a pro-affirmative action book, the author often explains it away as misunderstood or exaggerated. This has happened once again, this time to a book that made no splash when it was published last October, but drew attention here at Minding the Campus in criticism that spread […]

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Unfettering New York’s Public Universities

Fiscally beleaguered presidents of public universities around the country like to wisecrack: “public universities used to be publicly funded, then they were publicly assisted, now they are publicly named.” While easy to dismiss as a self-serving whine, there is something to their complaint, at least as it applies to the two public university systems in […]

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White House to Impose “Fairness” on Education Spending

Speaking to the NAACP convention in Kansas City on Monday (July 12), Michelle Obama said that because of “stubborn inequalities” that “still persist — in education and health, in income and wealth — “the NAACP’s founders “would urge us to increase our intensity.” The White House, for some reason, appears to have heard her call, […]

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The Times Misleads Its Readers about CUNY

On Friday, New York Times education reporter Lisa Foderaro penned a curious article about City University of New York Chancellor Matthew Goldstein. The substance was clear: to quote Terry Hartle of the American Council of Education, Goldstein’s “compensation, while a significant amount of money, is relatively modest for the best public university presidents in the […]

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Banks Are Bad Things—Don’t We All Know That?

It’s retro-Sixties season at Syracuse University, as students hold protests and firm up plans to hold even more protests against the university’s plan to have James Dimon, chairman and CEO of JPMorgan Chase & Co, speak at commencement on May 16. “Chase, “Chase, Chase, go away, don’t come back any day!” Syracuse students chanted at […]

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Yale “Emasculates” Its Achievement Awards

Yale University has been scrambling to cut its expenditures by $350 million a year in order to deal with a 25 percent decline in the value of its endowment after the recent collapse of the financial markets: from a 2008 high of nearly $23 billion to less than $17 billion currently. Budget-cutting measures at Yale […]

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Alas, the Feds Take Over Student Loans

As an observer of the national political scene for over a half of a century, and as a former employee of the U.S. Senate, I have seen a lot of political sleaze and chicanery. But nothing tops what happened as the Congress, using a relatively arcane procedure designed to correct spending excesses in budget bills, […]

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