Colleges and universities with higher graduation rates will be rewarded with more state money under a new funding formula included in Gov. John Kasich’s latest two-year budget proposal. The winners — and the losers — learned what the new formula would mean in dollars and cents this week when the state released its campus-by-campus spending projection for the fiscal year that begins in July.
The Board of Trustees at Unity College in Maine has voted to divest their endowment from fossil fuel industries. Now, the Harvard College Undergraduate Council has announced they want Harvard University to divest its $30.7 billion endowment from fossil fuels.
University of Arkansas for Medical Sciences, based in Little Rock, has agreed to pay former CFO Melony Goodhand $312,000 over the next year to communicate with the academic medical center as it transitions to a new CFO, according to an Arkansas Times report.
A recent Moody's Investors Service report highlighted the pressures facing American colleges and universities, finding that pricing and enrollment issues have hampered their ability to earn money from tuition.