Economy

Indiana Colleges See Slow Rebound In Endowments

Indiana college endowments are making a long climb back from the recession, but the recovery has been slow and frustrating for schools facing budget cuts and pressure to limit tuition increases and provide more financial aid.

Source:

AP via The San Francisco Chronicle

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2-Year Colleges: Stimulus Tool No. 1 For Higher Employment (Opinion)

There are two explanations for last year’s 6 percent drop in community college enrollment.

Source:

The News Tribune

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Failing Financial Investments Has Calvin College Eyeing Program Cuts

A series of faltering investments has Calvin College facing a budget shortfall by 2017, a scenario administrators expect to remedy by selling real estate holdings, eliminating academic programs and services, and reducing spending.

Source:

Mlive.com

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Delgado Chancellor Announces Spending, Hiring Freezes To Lower $13 Million Deficit

Facing a $13 million deficit and an 11 percent drop in enrollment, Delgado Community College Chancellor Monty Sullivan on Tuesday announced freezes on travel, spending and non-essential hiring in an attempt to balance the budget. No pay cuts are planned, he said in an interview, but buyout packages to encourage early retirement are being considered.

Source:

The Times-Picayune

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Budget Cuts Alarm Higher Education Chief

Budget cuts may force West Virginia colleges and universities to significantly raise student tuition, eliminate certain degree programs, lose key professors, furlough staff and reduce salaries, according to a letter from the head of the state's higher education system to state budget officials.

Source:

Charleston Daily Mail

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Economy Up, Enrollment Down: Community Colleges In Southwest Michigan See Numbers Decline

Southwest Michigan community colleges are seeing a decline in fall enrollment numbers this fall. Despite declining numbers, the reason could be because the economy is looking up.

Source:

Mlive.com

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CU-Boulder Chancellor Phil DiStefano Launches Advisory Council To Explore Funding

Chancellor expects state funding to run out

Source:

Boulder Daily Camera

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Turning Colleges Around May Take an Impartial Outsider

In 2009, I was called upon to help Greensboro College, a small, 174-year-old private liberal arts college in North Carolina, which was experiencing a whole range of problems typical of many institutions of higher education in recent years. In the booming economy of the early 2000s, the college had made some big real-estate purchases. It had started a football program, graduate programs and a marching band. But as the economy started to sour in 2008, its bankers got worried, and the college found itself placed in the Special Assets department.

Source:

Ed Sanz