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Form a benefits committee.

At Lawrence University in Wisconsin, a benefits advisory committee works with an insurance broker to contain costs and determine the best plan designs while providing competitive employee benefits. The committee, which is chartered by the president, includes several administrators from finance and HR along with two faculty members.

Health insurance is a hot topic in Congress, and that’s not the only place. Each year, campus leaders are confronted by a daunting need to contain costs while providing benefits expected by employees.

Three actions for school administrators to take when spotting fraud.

The growth of online education has brought a wave of what’s often referred to as Title IV fraud, in reference to the federal student aid program.

​Criminals who receive financial aid fraudulently basically steal money from bona fide students and institutions.

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.

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.

Campus discussions about spend analytics might sound like a late night infomercial: Implement the technology and save millions!

SERVING THE UNDERSERVED—Terrence Murphy Hall (back right) on the downtown Minneapolis campus of the University of St. Thomas will house the two-year Dougherty Family College beginning this fall.

Dougherty Family College, a two-year school, will open on the Minneapolis campus of the University of St. Thomas this fall, thanks to $18 million in private donations.

The STEM workforce was about 8.6 million in 2015, and is projected to grow to more than 9 million by 2022, according to the U.S. Bureau of Labor Statistics.

Recent lawsuits have alleged that certain colleges breached the Employee Retirement Income Security Act (ERISA), which states employers that sponsor retirement plans have a fiduciary responsibility to prudently manage those plans on the behalf of their employees.

Eight prominent universities—including University of Pennsylvania, Duke, Emory, Johns Hopkins, Vanderbilt and others—were hit with separate lawsuits in August 2016 alleging the institutions mishandled their employee retirement plans.

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