Economy

UConn Board Approves $1.03 Billion Budget

The University of Connecticut's board of trustees Wednesday approved a $1.03 billion budget for the current fiscal year — a spending plan that is 2.2 percent less than last year's.

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Utah Gov Asks Regents To Stall College President Raises

Gov. Gary Herbert has asked the Utah State Board of Regents to holster pay raises to the state’s college and university presidents.

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Committing to Lower Tuition Increases

Very few colleges and universities have actually cut their tuition, according to a National Association of Independent Colleges and Universities survey of members released in June. Other measures have been taken, though. Some institutions have frozen or allowed buying of four years, including Catawba University (N.C.) and the Sage Colleges (N.Y.). Others have committed to lower tuition increases than in the past. For example, 2011-2012 tuition rates at these colleges have gone up modestly:

Campus CFO News Briefs

Financial Services News for October 2011

Student Loan Default Rates on the Rise

New figures released last month by the U.S. Department of Education show a sharp increase in the rate at which student loan borrowers are defaulting at colleges and universities across the country. According to the report, “two-year cohort default rates” show that 8.8 percent of student loan borrowers who entered repayment in 2009 had defaulted by the end of 2010, up from 7 percent over 2008.

Census 2010: Saginaw Valley State University Officials Tackle State's Low College Graduation Rates

There’s good news from the U.S. Census Bureau: A college degree can add a million dollars to the lifetime earnings of a typical American worker.

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Groups Pose Questions In Investigation

University of Central Arkansas staff senate members have submitted concerns in writing to the school’s office of internal audit in hopes that their questions will be answered regarding the $700,000 Aramark grant to renovate the president’s home.

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As California State Tuition Rises, Financial Aid Offices Struggle to Adjust

On what should have been a carefree day of reconnecting with friends and settling into new classes recently, more than two dozen students at the University of California, Berkeley, sat in uneasy silence outside the financial aid office.

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Harvard Reports Big Gains On Investments

Harvard University’s endowment earned 21.4 percent on its investments for the year ended June 30, roughly in line with the financial performance of other large funds, the school’s money managers reported yesterday.

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Consultant To Look At Higher Education Salaries In Utah

Utah State University President Stan Albrecht's salary came within striking distance of $300,000 last week, and it could go even higher in the future.

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New Enrollment Dips a Bit at U.S. Graduate Schools

Enrollment of new students at graduate schools in the United States dropped slightly from 2009 to 2010, despite an 8.4 percent increase in applications. It was the first decline in first-time graduate enrollment since 2003, according to the Council of Graduate Schools, and came after a 5.5 percent increase the previous year.

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