Lead Story
As college acceptance letters began popping up in mailboxes across the country this year, incoming students were left once again with the daunting task of choosing the right school. While cost has always been a consideration, more students than ever before are now considering it as a key factor—not only in terms of which school to attend, but whether they go to college at all. Read more>>
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Also in This Issue
In a tight economy, U.S. colleges and universities are getting creative when it comes to cost-saving measures. They’re holding “chill-out” programs, which encourage students to turn down their thermostats to save on heating. They’re reducing hot-water and detergent costs by eliminating cafeteria trays, and reducing paper use by putting admissions brochures and course catalogs online. They’re also holding “virtual” athletic events, a move that saves money on travel expenses. Read more>>
Navigating through the numerous obstacles of a property insurance claim can be a daunting task, especially in an environment as complex and regulated as a college or university campus. Being aware of common obstacles as well as those unique to higher education, and having a claims management plan in place from the onset will lead to a faster and more comprehensive recovery. Read more>>
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In the News
Company pension contribution rules should be modified and pension insurance premiums increased to cover the cost of a one-year freeze in the 3.4 percent student loan interest rate, U.S. Senate Majority Leader Harry Reid proposed. Read more>>
Ten private U.S. colleges and state university systems announced plans to be more upfront about the costs of higher education, including detailing the monthly loan payments students would face after graduation. Read more>>
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A new study out Sunday from the American Council of Trustees and Alumni calls on the universities to eliminate low-enrollment programs or offer them jointly across campuses or online for efficiency. Read more>>
FAMU is facing a 19.8 million dollar budget cut from the state of Florida. As appropriations go down, trustees may be forced to make tuition go up. Read more>>
The Chronicle of Higher Education
In order to qualify for part of a $1.4-billion state higher education funding appropriation, Michigan institutions also will have to limit tuition increases to 4 percent or less. Read more>>
Pasadena City College's top financial officer and a college official with a checkered work history were placed on leave this week after the Los Angeles County district attorney's office launched a campus bribery probe. Read more>>
While the state’s flagship university is cutting jobs and not filling vacant positions to help make up a budget shortfall, the closest regional university is going another direction. Read more>>
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Resources
Business Insider, with the help of Global Higher Education Rankings 2010 and the Times Higher Education World Rankings 2011-2012, has put together an informative slide show of the comparative costs of higher education around the world. Read more>>
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Opinion
Differential tuition is seeing a resurgence nationwide, and it's neither fair to students nor good for America's economic competitiveness. Administrators should — and can — look elsewhere to fill holes in their budgets. Read more>>
The cost of higher education isn't one size fits all. Instructional requirements are more costly for some disciplines than for others. Course work in engineering and business, for example, comes with a much higher overhead than does a general studies curriculum. Read more>>
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People Watch
Michael P. Seymour has been named Vice Chancellor for Finance and Operations at University of Minnesota Duluth beginning in July 2. Read more>>
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Events
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Jobs
The University of Illinois Chicago seeks a Director of Budgeting and Program Analysis Read more>>
Utica College seeks a Vice President of Financial Affairs Read more>>
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