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Articles: Financial Services

Officials at the University of Missouri in 2012 looked at the business troubles of its academic press and decided the most prudent path forward was to shut it down. The community disagreed, lobbying against the closure, and the university recanted.

The whole affair emphasizes that academic publishing is not about dollars, but about the proliferation of scholarly and research-based writing, says David Rosenbaum, director of Mizzou’s press.

Yale will analyze the cost of carbon at its Peabody Museum of Natural History and 19 other campus buildings to help guide other institutions. (Photo: Patrick Lynch/Yale)

Energy conservation at Yale now goes beyond lower utility bills. The institution broke new ground in higher ed recently with a pilot program to calculate the wider cost of carbon use at 20 of its New Haven, Connecticut, buildings, including the well-known Peabody Museum and the president’s office.

The point of pollution is just one cost, says Ryan Laemel, Yale’s project coordinator. “We pay downstream in the form of added healthcare costs and rising food prices due to declining agricultural productivity, for example.”

The traditional MBA, the flagship of graduate business education for more than a century, is losing ground as applicants increasingly turn to online degrees and specialized master’s programs in business-related fields.

The editors of UB magazine proudly present the 2016 Readers’ Choice Top Products, chosen from hundreds of nominations. This annual award programs alerts higher ed administrators and staff to the best products their peers use to achieve excellence at institutions throughout the country.

You—the nation’s higher ed leaders—submitted testimonials throughout 2015. Our editorial board carefully narrowed the list based on the quality and quantity of these testimonies.

Michael R. Nelson, a professor of internet studies at Georgetown University and former White House staffer, will deliver at keynote speech at UBTech 2016 in Las Vegas.

Michael R. Nelson, a professor of internet studies at Georgetown University, says innovation is about much more than just a good idea. It requires finding new ways to combine existing ideas, products and services into something that people will want. At the heart of that process is collaboration.

The U.S. experienced a decrease in million-dollar donations in 2014. (Click to enlarge)

At least 1,831 gifts of $1 million or more—a total of $24.5 billion—were given to charity across eight international regions in 2014, with higher education remaining the top recipient.

Yet it’s a decrease from 2013, when 1,995 donations worth $26.3 billion were reported.

Most colleges and universities will continue to face financial hurdles, and although there is much crossover, certain issues will be more or less of a concern based on the size of the university and its student population. One thing is true across the board: Student expectations are changing.

A sampling of responses to UB's Look Ahead surveys of campus leaders. (Click to enlarge infographic)

As we ring in 2016, higher education leaders have much to look forward to as well as, of course, much work to be done. Outlook 2016 is UB’s second annual special issue aimed at providing insight on the major trends expected to impact campus leaders in the year to come.

A new book by Melinda Lewis and William Elliott shows how current aid models contribute to inequality, and discusses a number of promising alternatives.

Higher education is supposed to be a critical first step on the ladder that leads to economic mobility. But William Elliott and Melinda Lewis say that students often leave school with debilitating debt that delays or even prevents any upward climb on that ladder.

Students at California’s Santa Clara University are tapping their campus cards for various on-campus services instead of swiping, with the use of NFC technology. With convenience and efficiency as key drivers, the university plans to transition its NFC offerings to include mobile devices within the next couple of years.

Campus cards accomplish many tasks—from purchasing meals and vending machine snacks to unlocking dorm rooms and other campus facilities. A growing number of colleges and universities now offer even greater convenience, having replaced less-secure swipe cards with “contactless” cards and mobile devices that perform the same functions.

Effective student success initiatives begin long before that first day of classes and often continue beyond graduation. The colleges and universities highlighted in the third round of UB’s national Models of Excellence awards program demonstrate a commitment to that holistic experience.

Mary Piccioli is an enrollment management consultant at Scannell & Kurz.

With freshman discount rates once again on the rise, it will be more important than ever for institutions to review whether their methodologies for developing a budget for financial aid are sufficiently robust.

Using a cohort-based budget approach is critical for understanding the implications of replacing a “cheaper” senior class with a more heavily discounted freshman class.

Given the amount of innovation transpiring daily on the American college campus, it’s not surprising that higher ed institutions have become destinations for the broader community. Outside groups host conferences, retreats, weddings and other social events at campus facilities, while travelers can sometimes find a room for the night.

Texas A&M University’s campaign to raise $4 billion for research, facilities and scholarships represents the largest-ever fundraising effort in a state known for going big. It’s also the second largest effort announced by a higher education institution.

The Oregon Promise program is similar to Tennessee Promise, which launched in fall 2015.

Oregon’s 17 community colleges expect a jump in fall 2016 enrollment, when the first group of eligible students takes advantage of the state’s new free tuition plan created this summer. The program is modeled after the groundbreaking Tennessee Promise initiative that enrolled its first students this year.

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