Struggling college students are having an even more difficult time because of the financial downturn...Federal financial aid applications filed nationwide for this fiscal year increased by 9% compared with last year, a projected 1.2 million more applicants, according to Department of Education data...Financial strategist Paul Rivers says parents losing their jobs has played a key role in more students seeking aid; 30% of his clients were declared eligible for more aid from their college because of an "unusual circumstance" last year...
"Tight leash," Inside Higher Ed, March 3.
Just when they need money most, some colleges and universities are incapable of tapping their rainy day funds. Currently, 21 states are still governed by decades-old laws that restrict endowment spending, according to the Uniform Law Commission. With revenues drying up for many colleges, these regulations are likely to result in fewer scholarships being awarded next year at some institutions, according to fund raisers and legal analysts...
Schools struggling with some of their worst budget crises in generations are taking stock of President Obama's stimulus package -- hoping the money will restore funding for things like textbooks, teacher salaries and tuition. The $100 billion in funding dedicated to education touches programs for almost every age group, from early-childhood programs to financial aid for college students. While the money, part of the $787 billion stimulus package, may not result in a full turnaround, districts say, it will help stop some of the bleeding...
...Mr. Zerden’s minor stir four years ago has lately grown into a full-blown movement by more than 200 Harvard Medical School students and sympathetic faculty, intent on exposing and curtailing the industry influence in their classrooms and laboratories, as well as in Harvard’s 17 affiliated teaching hospitals and institutes. They say they are concerned that the same money that helped build the school’s world-class status may in fact be hurting its reputation and affecting its teaching...
Dr. Jim Yong Kim, a Harvard Medical School official who has fought diseases that affect the poor around the world, has been named the next president of Dartmouth College...
Responding to layoff concerns at the University of Minnesota Duluth, Chancellor Kathryn A. Martin told about 200 faculty and staff members Monday that a budget cut of at least 8 percent for the next school year probably will mean job cuts. The grim picture could get worse today, she said, with the announcement of the state revenue forecast...