It costs much more to recruit new students than to keep the ones you have, which is why retention is so important to colleges and universities. With a 67 percent one-year retention rate costing $6.5 million in lost revenue annually, Valdosta State University (Ga.) officials knew they had to act. The problem was data that could have helped identify remedies were sorely lacking, and what little information the institution possessed was difficult to access and analyze.
Worldwide, there are about 1.5 billion children eligible for primary education and 650 million students eligible for higher education. What if we could effectively educate each student for just $1,000 a year? It would be an achievement greater than the $100 tablet computer (soon to be on the market) and would make education accessible to almost anyone.
This National Association of State Budget Officers (NASBO) project and report, supported by a grant from the Bill & Melinda Gates Foundation, presents both the current landscape of state higher education finance and opportunities for improving it—from the perspective of state budget officers.
Déjà vu all over again? The interest rate on government-subsidized Stafford loans is set to double on July 1 – to 6.8 percent from 3.4 percent – unless Congress acts to stop it. And there’s no guarantee it will.
John Wolf, believed to have recommended against firing basketball coach Mike Rice in December, has resigned from his position as interim senior vice president and general counsel last week, but sources say he has been reassigned to another role within the university
Plastic single-serving bottles filled with water will no longer be sold in most places on Drake University’s campus next fall after a successful student-led campaign to ban the convenient and popular items.
The Senate budget proposal released last week included a 20 percent surcharge on the tuition paid by international students. But they apparently didn’t ask anybody over at the University of Washington, where most of the state’s international students enroll.
Penalties for Michigan's colleges, universities, school districts and communities that approved union contracts in the weeks leading up to right-to-work laws taking effect will not be included in the state Senate versions of those budgets.