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Articles: Financial Services

Campus leaders across the country are working to spend money with businesses owned by minorities, women, veterans and other underrepresented groups. An equally important goal shared by many institutions is helping these business owners develop the know-how to compete in the wider economy.

Jeffrey R. Docking is the president of Adrian College in Michigan and the author of "Crisis in Higher Education: A Plan To Save Small Liberal Arts Colleges in America."

Sometimes, well-known propositions lead to predictable conclusions. But not always. Occasionally, they lead to surprises—and even busted myths. Here’s one: Wealthy, private institutions willing to invest large endowments in financial aid for poorer students do the best job of expanding access to higher education.

Many higher ed librarians say they have found new ways to navigate the journal-subscription system.

Librarians and their advocates are also pushing for systemic change: a transition away from the subscription-based model of scholarly communication and toward open access. This transition to free availability of published research is one librarians say university administrators should work to accelerate.

To academic librarians, the serials crisis—the budget squeeze caused by the rising cost of subscriptions to scholarly journals—is old news.

Library spending on serials rose 402 percent between 1986 and 2012, according to the Association of Research Libraries, and costs for individual subscriptions rose by an average of 12 percent over the past two years alone, a Library Journal survey found. 

Five years ago, a researcher in Kazakhstan frustrated at the inaccessibility and cost of so many scholarly journals launched Sci-Hub, a website that today provides quick, free access to 47 million articles, often by illegally bypassing paywalls.

A recent article in Science found that in a single six-month period, Sci-Hub received requests for a staggering 28 million papers.

To the publishers whose copyrights are being subverted, Sci-Hub is nothing but piracy.

Out in front with OER: Tidewater Community College created the first degree program—in business administration—to use only open-educational resources.

A few dozen community colleges will get financial backing to design degree programs based wholly on free, open educational resources (OER) in a sweeping effort to make higher ed more affordable. Full-time community college students spend about $1,300 a year on textbooks, ultimately representing about a third of the cost of their associate degrees.

Leigh Greden is advisor to the president, and Russ Olwell is interim director of government and community relations at Eastern Michigan University.

Programs to help employees purchase housing near campus have gained favor in the past decade. A housing program that improves neglected areas only increases the profile and potential of the entire campus community.

University of Maine has been strategic in offering discounted tuition to students in certain states. (Gettyimages.com: Crossroadscreative)

Students from six nearby states can now attend the University of Maine at the same in-state tuition rate offered by the flagship institutions in their home states.

The university launched its Flagship Match program this spring to boost not just its enrollment, but also prestige.

As completion rates of full-time students in Maine flounder and high school graduation numbers fall in the Northeast (by a predicted 5 percent in the next five years), university leaders look outside the state to fill classrooms.

The Venture Development Center has all the hallmarks of a typical startup: Computers running equations, whiteboards covered with revenue projections and caffeine-fueled meetings about venture capital in glass-walled rooms. But it's more than that: the center is also a University of Massachusetts, Boston incubator that houses dozens of fledgling bioscience and computer science firms.

Talent, technologies and capital converge at TechTown Detroit, an incubator formed by Wayne State University in partnership with General Motors and the Henry Ford Health System. Since 2004 TechTown has been housed in a 1920s-era building contributed by GM.

It takes more than good intentions and extra space to be successful in starting an incubator.

Here are three tips to to help campus departments of economic development go from idea to execution:

Some are skeptical about the ability for any school to be need-blind, because anyone viewing an application can surmise financial need without reading a student’s FAFSA form.

The answers to common questions about need-blind policies sheds light on why they’ve been adopted whether they work and whether other enrollment diversity initiatives can be just as effective.

Elizabeth Riddle is the director of OnCampus Research, a division of The National Association of College Stores.

Conventional wisdom tells us students aren’t buying course materials because they are too expensive. They are forced to drop or not take classes or go without needed materials. But research tells a different story.

College boost: Students in Housatonic Community College’s Family Economic Security Program attend retreats to learn career skills such as public speaking and networking.

An act as simple as handing out bottled water and granola bars before a long evening class can change the course of a college career—especially when the student on the receiving end is a single mother who has just rushed over to campus after a full day at work.

Some low-income high school students in Adams State University’s service area, the rural valleys of southern Colorado, live up to 50 or 60 miles from campus. Thanks to a new federal pilot program, these students there and 43 other institutions can now use Pell Grants to take dual-enrollment courses.

Revenue alone doesn’t drive every real estate initiative. Higher ed institutions involved in development, typically off-campus, also consider the economic revitalization of a blighted surrounding neighborhood and initiatives that support the core mission.

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