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Articles: Financial Services

Orientation and engagement activities introduced by Iowa Lakes Community College administrators have driven down the student loan default rate. President Valerie Newhouse says the two trends are intertwined.

Community college students who take out the smallest loans default at the highest rates, and many borrowers who get into trouble make no effort to fix their problems.

Those are two findings in a new report, “A Closer Look at the Trillion,” which calls for institutional and federal policy changes to help students and community colleges better manage debt.

Earlier this year, former College of DuPage President Robert Breuder almost won himself a $763,000 golden parachute to leave the institution in March 2016, three years before his contract expired; that contract has since been voided by the college’s board, and the package reduced to $495,000.

In an apparent response, Illinois Gov. Bruce Rauner has signed two new laws limiting terms for community college presidents and restricting their severance packages.

Students may forget their campus cards in their rooms or figure they don’t need their wallet for a short walk around the quad. But the one thing they are likely never to be without is a phone.

Brian E. Cartier is CEO of the National Association of College Stores, based in Oberlin, Ohio.

With student debt in the trillions and other economic concerns looming over families, college stores often bear the brunt of public anger over course material costs. But stores are working harder than ever to provide students with affordable options that will help them learn, succeed and get that coveted degree.

Donald J. Farish is president of Roger Williams University in Rhode Island.

We are in danger of creating an environment where the “best” (meaning the wealthiest) colleges and universities are perceived to be reserved for those with sufficient status, money and influence. Everyone else is effectively relegated to struggling institutions that cost too much yet that cannot provide sufficient financial aid to meet the needs of their students.

Steven H. Kaplan is president of the University of New Haven in Connecticut.

For centuries, colleges and universities have been exempt from paying property taxes, and there’s no good reason to change. But that’s not stopping people from trying.

From Connecticut to California, critics are questioning property tax exemptions while arguing that colleges are getting a free ride on the backs of taxpayers.

Fulfilling a connection need: Troy University’s Trojan Cafe (left) has had more than 19,000 users in the past year, and Northern Virginia Community College’s virtual student union (right), still in expansion mode, has had about 500 users so far.

For all the advantages of online learning—flexibility, personalization and affordability among them—there can be downsides for some students. Online students may feel isolated and disconnected from their peers and from their college or university—and risk losing the engagement so crucial to student success.

States not in compliance with The Choice Act risk losing GI Bill funding. (Click to enlarge)

States that have not offered veterans discounted tuition at public universities are now required by law to do so, reflecting the oft-nomadic lifestyle of vets and their need for greater access to higher education.

In-state tuition for this group, which includes 17 states and the District of Columbia, became nationally mandated on July 1, 2015, through a new provision of the GI Bill known as the Veterans Access, Choice and Accountability Act (since dubbed the “Choice Act”).

There is an opportunity that many universities are unaware of that can provide immediate tax cash savings. If you have conducted renovations to your buildings in the past, you may be in a position to take advantage of recently released Internal Revenue Service (“IRS”) regulations. The following provides a brief background of the opportunity, outlines the characteristics of entities that can benefit, and also provides a roadmap for how to take advantage of this benefit.

Brian Hazlett is vice president of student affairs and enrollment management, and Roger Bruszewski is vice president of finance and administration at Millersville University of Pennsylvania.

It has been said that it takes a village to raise a child. To make a huge change at a university, it takes the entire village, a.k.a. a really good team, to make it happen. Here’s our story.

Millersville University of Pennsylvania has 7,500 undergraduates, 1,000 graduate students, seven unions representing faculty and staff, and a $152 million budget.

Steven R. DiSalvo is president of Saint Anselm College in New Hampshire.

Hillary Clinton’s recently announced $350 billion plan to offer free tuition for public colleges and universities has merit, but does not apply across the board and would require additional appropriations from Congress.

Clinton and all the 2016 presidential candidates should absolutely be focused on this issue, but from a wider perspective. We must look for alternatives to tuitions reaching as high as $250,000 and $1.2 trillion in outstanding student loan debt in the U.S.

Consumer advocacy groups support new financial-aid payment rules that have raised concerns.

Colleges and universities using third-party providers to process students’ Title IV payments face changes aimed at giving students more choice in receiving financial aid dollars. A new federal proposal could especially affect institutions that issue tuition refunds directly to students’ debit cards.

If it’s finalized as is by Nov. 1, The Department of Education proposed rule on campus debit cards and Title IV payments will have a major impact on third-party service providers.

Some of the regulations in the rule include restrictions on fees and limitations on access to student information. It would also require schools to issue paper checks as an option, even if they’ve already gone paperless.

After putting off past maintenance projects when the economy stalled, leaders at many institutions are finding it difficult to fit them back into the budget.

Outside the circle of higher ed facilities managers, it’s the shiny new campus buildings that get all the glory. Yet what facilities insiders know all too well is that existing buildings are in dire need of attention.

Bill Berg is an enrollment management consultant at Scannell & Kurz, a RuffaloCODY company.

A family’s willingness to pay for a college education relies heavily on an institution’s ability to articulate return on investment. Discounting tuition through scholarships and other financial aid is the most common approach to increasing a college’s perceived value, as these strategies reduce the net cost to the family.

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