Articles: Financial Services

04/2012

As new high school graduates anxiously await acceptance letters from their favorite colleges, many will start to plan for this new chapter in their lives by seeking student loans and financial aid to pay for it.

04/2012

Higher education costs are skyrocketing at a rate much higher than inflation. While states have drastically reduced public university budgets, those universities are constrained from raising tuition costs appreciably.

Encountering resistance to e-procurement platforms isn’t unusual, says Max Leisten, market director for higher education at SciQuest. He offers the following advice to thwart compliance issues:

As the benefits of e-procurement become more widely known, institutions are moving to incorporate these systems into their operations. And why not?

Washington and Lee University (Va.) and Unimarket, an eProcurement and eSourcing solutions provider, have signed an agreement to implement the complete Unimarket solution from eSourcing through eProcurement and eInvoicing.

Mount Holyoke College (Mass.) announced that it will not raise tuition or room and board for the 2012-2013 academic year, holding prices at the 2011-2012 rate—and making next year the first since 1968 that Mount Holyoke has not experienced an increase in the cost of attendance.

Time is running out for Congress to take action to stop a scheduled interest rate increase on Stafford loans this summer. In July, interest rates are set to double for almost 8 million students.

Until recently, many 403(b) employee retirement plans were viewed not as actual plans but as clusters of individual employee contracts with different vendors. Higher ed institutions were like middle men, with their role limited to passing through employee contributions to individual plans.

Wading through compliance rules can be daunting for even the most seasoned administrator. The Higher Education Compliance Alliance, a new online resource, was launched on March 1 to help answer the most burning federal law and regulation questions.

Few students—traditional or nontraditional—complete their work within the 9-5 work day. Rather, libraries and dorm rooms are bustling late into the night with students burning the midnight oil.

An Atlas of Giving report reveals that the education sector was the strongest for charitable giving in 2011.

Obama

When President Obama called for more college graduates during his 2009 State of the Union Address, higher education leaders embraced the challenge.

Six months into the net price calculator (NPC) requirement, the experiences of many colleges and universities can be best described as “a mixed bag.” Questions or concerns that numerous schools expressed as they put together their plans for the NPC launch have not necessarily been answered: Will

Acceptance of cloud computing—the practice of storing data in off-site servers rather than on campus—has been growing by leaps and bounds, at least in some areas.

Obama at the State of the Union, 2012

President Obama put the rising cost of a college degree in the national spotlight during his State of the Union address January 24.

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