The Alfred P. Sloan Foundation is closing its online-education grant program, a foundation official has told The Chronicle. Some college officials are concerned that the decision will leave a fast-growing sector of American higher education without a major source of support...Robert Kaleta, director of the Learning Technology Center at the University of Wisconsin at Milwaukee, compared the change to losing a parent "who has always been there to support, guide and encourage us."... (paid subscription required)
The end of the fiscal year usually isn't a momentous occasion for colleges. But this June 30 could be a day of reckoning many never expected. Colleges borrowed tens of billions of dollars over the past decade to improve facilities, in some cases stretching themselves to the limit and beyond. Now the financial crisis threatens to turn that debt into a ticking bomb... (paid subscription required)
...The recession, they said, might be a time for colleges to renew their implicit contract with the public, and for faculty members to reassert their standing as professionals... (paid subscription required)
Baby boomers once redefined youth—and now they are redefining retirement. Health-care advances and increasing life spans have allowed adults who are 50 and older to stay in the work force longer than their parents did. A tough economy means that many older Americans must continue working out of necessity, if not by choice. And many baby boomers who leave the work force seek opportunities to stay active and engaged in their communities... (paid subscription required)
For leading private colleges and universities, the 2006-7 and 2007-8 academic years were periods of excitement, as institutions greatly expanded the generosity of their aid policies, eliminating loans for some or all students and providing grants that made even the most expensive of colleges (by sticker price) significantly more affordable for many families...Quietly, however, a few college and university officials have noted that their presidents and provosts have adjusted their rhetoric slightly, and are talking more about keeping commitments to current students and applicants -- and a little less emphatically about keeping those commitments to new students...