While generous compensation packages for college presidents have come under increasing public scrutiny, other university employees often earn far more...
Presidents of a number of colleges vowed in November to take a pay cut or otherwise give back part of their earnings as a way to help buffer their schools against the struggling economy. Now, an analysis of tax filings of more than 4,000 other employees at 600 private colleges shows that presidents' earnings are relatively modest...
Congress and other watchdogs have grilled colleges in recent years for what some regard as the excessive pay of their chief executives. But presidents and chancellors are a minority of the highest-compensated college employees, a Chronicle analysis has found... (paid subscription required)
Most everyone agrees that something is very wrong with the six-page federal form for families seeking help with college costs. Created in 1992 to simplify applying for financial aid, it has become so intimidating — with more than 100 questions — that critics say it scares off the very families most in need, preventing some teenagers from going to college. Then, too, some families have begun paying for professional help with the form, known as the Fafsa, a situation that experts say indicates just how far awry the whole process has gone...
Harvard may be the nation’s wealthiest university, but it is short on cash. The school relies on its endowment to generate a third of the money for its operations, and the endowment is on the verge of posting its biggest loss in 40 years. With much of its money tied up for the long term, it is scrambling to meet some obligations...
...On Friday, Cornell University and Pennsylvania State University announced that they have terminated their licensing agreements with the Russell Corporation and will not renew the contracts when they expire, in both cases, at the end of March. Several other institutions—including Duke, Georgetown, Purdue, and Rutgers Universities, and the Universities of Houston, Miami, and Wisconsin at Madison—have also recently ended their licensing relationships with the Atlanta-based company... (paid subscription required)
With the global financial crisis bearing down, study-abroad officials are considering changes in both their immediate and long-term strategies for sending students overseas. They are budgeting more conservatively, seeking out cheaper destinations, and weighing collaborations with other colleges or private study-abroad providers. At the same time, international educators need to remind campus leaders about the value—in today's economy more than ever—of gaining a global perspective, said speakers at the annual conference of the Forum on Education Abroad, which ended here on Friday... (paid subscription required)
