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Articles: Financial Services

What are the biggest challenges colleges and universities face when it comes to moving students around campus and to destinations in the surrounding community?

John McLaughlin is the managing director for Higher Education Practice at Gallagher Insurance. Elizabeth Carmichael is president of Carmichael Associates, which specializes in compliance and risk management.

Creating a comprehensive concussion management plan and following the changing nature of the insurance market relative to traumatic brain injury coverage are key.

How can college retail leaders compete with e-commerce? It’s time to get back to basics. Here are five strategies for staying relevant.

Here’s the rundown for Colgate University, San Diego State University, Clayton State University, Columbus State Community College, Seward County Community College and California State University, Long Beach.

When the strategy is that staff reach out to students rather than wait for students to come to them, some colleges experience higher retention rates, which, in turn, helps the bottom line.

NACADA: The Global Community for Academic Advising, a 12,000-member association based at Kansas State University, has many resources on intrusive advising and related topics.

How is higher ed performing with the “intrusive” approach to academic advising?

“Most schools that we have consulted with are still taking a reactive approach to working with struggling students and are waiting until academic performance or engagement suffers. The most successful schools are implementing a proactive approach and engaging pre-start to guide students through the process, and then engaging periodically throughout their attendance to identify challenges before they affect student performance.”

Nick Mance is president of Southwestern Illinois College, Community College District #522.

Nick Mance resigned recently as chair of the board of trustees at Southwestern Illinois College, Community College District #522, and has become president of the college.

DISCUSSING COLLEGE COSTS—Moderated by FutureEd Director Thomas Toch (left), the panel discussion included Martha Kanter of the College Promise Campaign; Harry Holzer, former chief economist for the U.S. Department of Labor under President Clinton; Tiffany Jones from Education Trust; and Jen Mishory, author of a book about college promise programs.

Eighteen states and dozens of local jurisdictions and institutions have established “promise programs” to make college free. A panel of educators and economists addressed program success at a recent FutureEd event.

TECH EFFECT—CUNY Lehman College, a Hispanic-serving institution, recently opened a virtual reality center on its campus in the Bronx to train students for careers in cutting-edge industries.

An American Council on Education report finds that minority-serving schools move low-income students up from the lowest income brackets at two to three times the rates of non-minority-serving institutions. 

Marijuana remains the most popular drug among college students, according to the U.S. Drug Enforcement Administration. (gettyimages.com: Sara ruiz)

Higher ed institutions face challenges in nine states that allow marijuana's recreational use, in 30 states that permit its medical use, or in other states where the drug remains illegal.

In its report “Navigating The New Normal: Financial Imperatives For MSI Effectiveness and Avoiding Financial Exigency,” the Southern Education Foundation suggests that trustees could better understand their institutions’ financial health with answers to these questions.

1. What is the discount rate for entering freshmen versus for continuing students?

2. What is the blended discount rate?

Following are three key questions campus leaders must consider when offering financial training to the board of trustees.

Up to 500 faculty at 25 higher ed institutions will become better equipped to help students prepare for career and workplace success.

READY FOR THE REAL WORLD—Students participate in a financial literacy course at Indiana University. The institution’s MoneySmarts U. program offers electives specifically for graduating seniors.

Some colleges and universities tailor their financial literacy courses to students in the immediate transition from campus to the bigger world.

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