Finance & Policy News

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2 hours 51 min ago

William D. Adams, president, Colby College, writes: As the president of a small, selective liberal arts college, I'd like to say that I'm surprised by the recent news that Claremont McKenna College has been submitting false SAT scores for incoming freshmen. And I'd like to say that I believe that we can all rest assured that it's an aberration, an unseemly and unfortunate action of a single bad actor. Sadly, I can...

2 hours 51 min ago

Shrugging off widespread criticism of its college tuition cap proposal, the Obama administration mounted a public-relations blitz Monday to sell the plan to students and university leaders. Despite its grim chances in Congress, the plan could still reap benefits for the White House, specialists say. It may help restore enthusiasm among college-age voters, a critical constituency for Mr. Obama's re-election effort. College...

2 hours 51 min ago

When US News & World Report debuted its list of "America's Best Colleges" nearly 30 years ago, the magazine hoped its college rankings would be a game-changer for students and families. But arguably, they've had a much bigger effect on colleges themselves. Yes, students and families still buy the guide and its less famous competitors by the hundreds of thousands, and still care about a college's reputation...

2 hours 51 min 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 to...

2 hours 51 min ago

Much has been made of how this modest bit of fraud might affect Claremont's rankings. But dropping the school from the list is about the worst penalty a ranker can inflict on a college. What about Claremont's accreditor' What about the Department of Education' Claremont must have reported inaccurate SAT numbers to them, too. Either of those agencies could conceivably inflict real penalties - such as suspension of...

2 hours 51 min ago

It began with allegations that the Yale Daily News had buried a story for months regarding sexual assault allegations against their quarterback Patrick Witt. A few days later, the cameras focused on Vassar College, where dozens of students celebrating their early decision acceptances were later rejected. And finally, highly competitive Claremont-McKenna College admitted that an official had inflated the school's average SAT...

2 hours 51 min ago

David J. Skorton, President, Cornell University, writes: In the wake of President Obama's State of the Union Address last month, many Americans are talking about college affordability. As they have been. As well they should. At Cornell we, too, are struggling to find the resources to sustain our commitment to access. And the vast majority of schools don't have the resources to do what we have done. So, the Obama...

2 hours 51 min ago

New figures show university endowments averaged total returns of more than 19% for the fiscal year ended last June, the second consecutive year of gains, according to the National Association of College and University Business Officers and Commonfund, a nonprofit asset manager. Yet schools say they can't cut tuition until their endowments have had more years of strong growth. "Dramatic changes won't come instantly,...

2 hours 51 min ago

College rankings, such as the one U.S. News & World Report publishes, may provide some interesting reading, but they are hardly the sole basis on which anyone should choose which school to attend. In fact, the magazine itself agrees, telling readers, "Don't rely solely on rankings to choose a college." Unfortunately, there are those who are so enamored by high rankings that they forget this advice. Among them are...

2 hours 51 min 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...

2 hours 51 min ago

A company is better off when its employees are well-educated. Few firms have embraced that axiom as wholeheartedly as Hartford's United Technologies Corp. In 16 years, its landmark Employee Scholar Program has paid for more than 32,000 associate's, bachelor's and master's degrees worldwide. The program has earned UTC an award from the National Association of Independent Colleges and Universities.

2 hours 51 min ago

Too often, faculty members teach according to habits and hunches, said Carl E. Wieman, a Nobel Prize-winning physicist and associate director of the White House Office of Science and Technology Policy, who has extensively studied how to improve science education. In large part, the problem is that graduate students pursuing their doctorates get little or no training in how students learn. When these graduate students become faculty...

2 hours 51 min ago

There is a direct link between the level of educational attainment (percentage of the population with a postsecondary degree) in a state and the growth of personal income in that state. Because of that link, there is also a clear and certain pathway to economic growth and job creation.

2 hours 51 min ago

Applications received by Dartmouth for the Class of 2016 increased of 3 percent from last year, making it one of three institutions in the Ivy League - along with Yale University and Cornell University - to experience an increase in applications this year. Harvard and Princeton Universities each received approximately 1.9 percent fewer applications than last year. Columbia University, Brown University and the University of...

2 hours 51 min 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 to...

2 hours 51 min ago

The recent announcement that Massachusetts Institute of Technology would give certificates around free online course materials has fueled further debate about whether employers may soon welcome new kinds of low-cost credentials. Questions remain about how MIT's new service will work, and what it means for traditional college programs. On Monday The Chronicle posed some of those questions to two leaders of the new project.

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2 hours 51 min ago

Economist Paul Kedrosky with the Kauffman Foundation says elite schools sending a bigger share of their graduates into finance and consulting is not new; they've been doing it for at least two decades. Kedrosky tells NPR's Guy Raz that what's different now is that those students have essentially used their talents to grow the financial sector in ways that are unhealthy for the overall economy. "It's grown as a...

2 hours 51 min ago

In his proposed budget, Virginia Governor Bob McDonnell is seeking to cap the use of tuition dollars from in-state students to provide financial aid, a practice employed by almost all colleges and universities, public and private. McDonnell has said he is pushing the cap to spur conversation about aid policies and to keep down the cost of college education, saying the current structure is placing a higher burden on middle-income...

2 hours 51 min ago

After seeing enrollment decline for the first time in a decade, the University of Charleston, in West Virginia, slashed tuition by 22% for the upcoming school year hoping to entice more students. Tuition for new students will be $19,500 per year beginning in August - down from the current rate of $25,000. In an interview with CNNMoney, the university's president, Dr. Edwin Welch, explains why he took this unusual step and what...

2 hours 51 min ago

Dixie State isn't the first cash-hungry college to seek money for bathrooms. Harvard Law School recently opened the Falik Men's Room. Like tuition, bathrooms seem to cost more in Cambridge. William Falik told Above the Law he received the honor - if you want to call it that - after donating $100,000 to his alma mater to create a public interest fellowship in his father's honor. With a gift of that size, Harvard Law's...