For many Americans, the confluence of a recession and a growing realization that the nation needs to end its reliance on fossil fuels seems like a double whammy of bad news. But for the nation's research universities, it may be a golden opportunity...With that kind of money on the table, universities are chief among those hoping for a share. Even before he took office, President Obama received a letter from a group of 49 Nobel laureates and other scientific leaders urging increased federal support for scientific research and innovation...
...All that recently changed. Michigan has begun rolling out a new system that automates much of the matching process, saving time and reducing headaches...Information services built the new program based on PeopleSoft, a system many colleges, including Michigan, use to manage student records and other data. That platform allowed the university to use data it had already compiled in the new program. In the new system, each scholarship is described with a formula that incorporates all of the criteria recipients must meet. Users can search for all the students who meet the criteria for a specific scholarship, or for all the scholarships for which a particular student qualifies...
...(James E.) Applegate, a longtime higher education official in Kentucky and now a senior vice president at the Lumina Foundation for Education, bemoaned the fact that most federal and state aid to colleges was based purely on the number of students they enrolled, not on how the students fared once there. Unless and until that changes, he said, any significant new money that flows to states for higher education, or directly to colleges, is unlikely to compel institutions to focus more on ensuring that their students succeed...Arthur Hauptman, a financial aid consultant, questioned the wisdom of pouring significantly more money into the Pell Grant Program, as the stimulus package would do...
The U.S. House of Representatives passed an economic stimulus bill Wednesday, part of which would increase funding for the Hope Tax Credit, making nearly 4 million low- to middle-income students eligible for a tax break. Chye-Ching Huang, a research fellow in the federal fiscal policy team at the Center on Budget and Policy Priorities, said the package will make college more affordable for students. According to Huang, the bill would increase the tuition tax credit from $1,800 to $2,300...