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Articles: Financial Services

PURCHASE PURSUIT—Purdue President Mitch Daniels is framing the Kaplan acquisition as a way for the university to become a digital player in the evolving postsecondary education space.

Purdue University surprised its faculty and the general higher ed sector this spring with its plans to acquire Kaplan University for a symbolic $1 (with a revenue-share plan spanning 30 years).

Sometimes it becomes clear very early on that a facilities project—especially a solar initiative—will be complicated.

J. Nelson Wilkinson is a labor and education law attorney with Williams Mullen who represents small, medium and large businesses and higher ed academic institutions.

A January memorandum issued by Richard Griffin, the current general counsel of the National Labor Relations Board, has further stoked long-running debate over whether university students should be deemed “employees” who can assert collective bargaining rights under the National Labor Relations Act.

BACK A BOILER—Purdue's self-funded ISA program has served 160 juniors and seniors since its launch in fall 2016 and will include sophomores as of next school year. Students with any major may participate in the program, launched as part of a broader effort to make college affordable.

The ISA concept, which many describe as selling stock in yourself, is now an emerging hot topic within the higher ed financing debate.

An income-share agreement (ISA) is an alternative to using student loans to finance higher education. Rather than a loan, a student agrees to pay a percentage of their future income for a set number of years back to the investor, which could be a university that funds its own ISA or a pool of investors that has launched an ISA.

ISA provider 13th Avenue, which is currently talking to several institutions about setting up ISA pilot programs, has found that funding is a key challenge. “The schools are interested, but they are reluctant to fund the program so we are busy trying to raise money,” says Casey Jennings, chief operating officer.

ISA provider Vemo Education and the Jain Family Institute, a nonprofit think tank that supports the development of ISAs, are also in the exploratory phase with a handful of higher ed institutions interested in making the investment to launch their own ISAs.

James Martin is a professor of English at Mount Ida College in Massachusetts. James Samels is the CEO and president of The Education Alliance and the founder of Samels & Associates, a law firm concentrating in higher ed law.

In Consolidating Colleges and Merging Universities (2017, Johns Hopkins University Press), James Martin and James Samels bring together higher education leaders to discuss how institutions might cooperate with their competitors to survive.

Adults need more flexible higher ed programs that allow them to do college coursework remotely and at their own pace and at any time. (GettyImages.com: Kali9)

A newly formed advocacy organization hopes to smooth the process for busy adults looking to attend college.

Keeping college students emotionally healthy comes down to the resources campuses are willing to provide. (GettyImages.com: Solstock)

The growing demand for mental health treatment on campuses resulted in part from a national effort, mounted over the last decade or so, to eliminate stigmas and get more students to seek help when grappling with emotional distress.

Today, with increased attention on student success and the long-term effects of unpaid accounts, institutions need to recognize the impact financial services staff have on recruitment and retention. It’s a shift to thinking more about the big picture.

“The last thing colleges want to do is put a former student in collections,” says Harrison Wadsworth, executive director of the Coalition of Higher Education Assistance Organizations. But when internal efforts to collect tuition don’t work, it’s important to have somewhere to turn for help.

Barry Mills has been appointed higher ed deputy chancellor and chief operating officer of the University of Massachusetts Boston.

Barry Mills has been appointed deputy chancellor and chief operating officer of the University of Massachusetts Boston.

First-year college students with executive function (EF) difficulties arrive on campus and can be overwhelmed by the independence.

Community colleges in two of California’s biggest cities have announced plans to substantially expand access to public education by offering residents
the chance to earn an associate degree for free.

Higher ed researchers Beth Akers and Matthew Chingos, in their book Game of Loans: The Rhetoric and Reality of Student Debt, say the real challenges facing student lending are obscured by the popular myth of looming crisis.

The student debt crisis—despite dire warnings from the media—is not as bad as it is portrayed, researchers Beth Akers and Matthew Chingos say.

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