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Articles: Financial Services

Volunteer mentors assisting students academically is part of a three-pronged approach to helping at-risk students and boosting retention.

Not so long ago, students at LDS Business College in Salt Lake City whose semester grade-point averages fell below a certain level were placed on academic probation. But it did very little to get them the help they needed.

With funding cuts threatening research and other projects, some institutions hoping to promote innovation are following the trend of raising money through social networking.

At RIT, barcodes adorn all tech equipment, so when the internal auditing group conducts an asset audit, additional equipment beyond what is already tracked is rarely discovered by the team.

Tracking IT assets across a higher ed institution is tricky business. Depending on the college or university, it may be done by an internal audit group or IT, or a combination of both.

IT asset audits are important from a risk management perspective because they help schools track compliance with software licensing agreements, as well as state and federal requirements, and help them be more efficient.

Leaders at public flagship universities, regional institutions, and community colleges are reporting more capped enrollments than in past years, according to “2013 National Survey of Access and Funding and Issues in Public Higher Education” released last month by the Education Policy Center at The University of Alabama.

Increasingly, colleges and universities, like their corporate counterparts, are being asked to do more with less. Vendors can play a key role in offering expertise, reducing workload, and saving money.

Because today’s bachelor’s degree no longer conveys sufficient information about the skills graduating seniors possess, there is a market failure that affects employers, students, and colleges. Too many deserving students do not get an interview with potential employers because employers don’t have the appropriate data to find the prospects they need.

Community colleges have a long tradition of articulation agreements with four-year institutions, ensuring that those who begin at a two-year school can seamlessly transfer. As the college trajectory becomes less standard­—even for students with bachelor-sized goals who begin at the community college level—institutional leaders are creating or adding the reverse transfer option to articulation agreements.

As more higher ed institutions develop reverse-transfer agreements, these partnerships “offer great opportunities for the institutions to share data” for mutual benefits, says Dennis Day, vice president for student success and engagement at Johnson County Community College in Kansas.

Here are two ways such collaborative information sharing can benefit both two-year and four-year institutions, as well as students:

Like most state universities in Michigan, the University of Michigan-Dearborn has entered into several reverse-transfer agreements with community colleges in recent years. In determining whether to activate the reverse-transfer process for a particular student, UM-Dearborn examines several criteria, says Ken Kettenbeil, vice chancellor for external relations. Here’s his checklist of items to consider:

Despite jarring news headlines depicting students with six-figure debt levels, the average student borrower’s debt burden is not necessarily devastating.

Among graduates in 2011 who borrowed to pay for higher education, the average loan debt at graduation was $26,600, according to the Project on Student Debt. Only 1.5 percent of borrowers owed $100,000 or more in 2007-2008, according to an analysis by Mark Kantrowitz, publisher of Edvisors Network.

College administrators are experimenting with cut-rate models by freezing tuition, slashing sticker prices, and rolling back tuition.

Has college tuition begun to go the way of Walmart-style pricing? College administrators are experimenting with cut-rate models by freezing tuition, slashing sticker prices, and rolling back tuition, driven to discover a way to tip the scales toward enrollment growth. So far, results are mixed. Also, the excitement of experimentation is being tempered by the uncertainty of the current college marketplace.

  • With a dramatic change in net price, ensure that enrollments will increase to certain levels. Otherwise, operating costs must be substantially reduced.
  • Identify the types of students you want and set the sticker price accordingly.
  • Diversify the revenue stream and operate more efficiently.

When your students graduate, they're entering a whole new world of job descriptions, resumes, cover letters, networking contacts, interviews, industry jargon, and career fairs. The whole process can be overwhelming.

What's more: Few university career service centers prep their students for the most important aspect of today's job search—all things digital.

Being a financial aid administrator is an accident waiting to happen these days. The soaring costs for college have produced a soaring amount of applications for assistance, creating a constant stream of traffic at the Financial Aid Office. There are times when it resembles an all-day rush hour, with students and parents in a hurry to get in and get out with some part of the gold they’re convinced is hidden there.

New financial literacy programs aim to reduce student default rate. (Getty Images.com/MCT Graphics via Getty Images)

A spooky cloud of crimson smoke dramatizes the dread of overwhelming student debt in “The Red,” a short movie thriller created for SALT, the American Student Assistance financial literacy program for students and alumni.

Less dramatic but noteworthy still, college students logging onto the National Endowment for Financial Education’s CashCourse can take a “Financial Realities” quiz to test their knowledge. In the opening question, they’re asked what will have the worst impact on their finances: gourmet coffee drinks, borrowing money, or spending without a plan.

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