Another week, another transaction involving a for-profit online college. The latest: A private-equity group is buying Northcentral University, an all-online institution founded in 1996 and now...
The lower revenue expected by a "significant minority" of such colleges could hurt their future financial strength, says a Moody's Investors Service report.
His presence on Monday at the annual meeting for the National Association of Independent Colleges and Universities here indicated that broad fears about the economy—even about aspects only tangentially related to higher education—are a top concern of college administrators.
Private colleges bolstered financial aid and decreased selectivity to help sustain enrollment in a downward economy, but a significant number still expect tuition and fee revenues to decline this year, according to a survey released today by Moody’s Investors Service.
Two and a half years after announcing the largest gift in school history, Florida Atlantic University (FAU) will have to settle for less than a third of the donation.
The fast-growing group of millionaire private college and university presidents hit a new record in recent years, and it's likely more college leaders will make seven-figure salaries once the slumping economy rebounds.
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.
The financial crisis that began last year has shaken higher-education systems throughout the nine states in the Northeast, totting budget cuts on public universities and shrinking the endowments of the region's many private colleges.
The article discusses fears among U.S. private colleges and universities that the state aid they receive may be among the first programs cut as states tighten their budgets. Fluctuations in state spending on private higher education are discussed, as are the types of aid, including money given directly to colleges and grants and loans to in-state students.
The article reports on a study from Moody's Investors Services showing that institutions of higher education in the United States, especially private colleges and universities, face stiff challenges in 2009 and beyond. The areas of greatest challenge were identified as increasing pressure on tuition and financial aid, losses in endowments, liquidity pressures, and volatility in variable-rate debt markets.
With tuitions, fees, and room and board at dozens of colleges now reaching $50,000 a year, the ability to sustain private higher education for all but the very well-heeled is questionable. According to the National Center for Public Policy and Higher Education, over the past 25 years, average college tuition and fees have risen by 440 percent — more than four times the rate of inflation and almost twice the rate of medical care.
The presidents of the nation’s major private research universities were paid a median compensation of $627,750 in the 2007-8 fiscal year — a 5.5 percent increase from the previous year — according to The Chronicle of Higher Education annual executive compensation survey.
Wake Forest University and Elon University have both been named among the 100 best values in private higher education institutions by Kiplinger’s Personal Finance. Wake Forest ranked 25th on the list of 50 private universities that combine economic value with exceptional education, while Elon ranked 28th on the same list.
State Rep. John Quinn, D-Dartmouth, filed a House bill Thursday calling for a study of $20.7 million in state money given to private colleges, a response to private law schools' fierce opposition to the University of Massachusetts' plan to take over the Southern New England School of Law and make it the UMass law school.
Faced with a freshman class that is 20 percent larger than expected, Ithaca College in New York is paying 31 students as much as $10,000 each to delay attending the school for a year.
Shirley Ann Jackson, president of the Rensselaer Polytechnic Institute, was the highest paid private college president in 2007-2008, according to a report published today by The Chronicle of Higher Education.
Private colleges in Pennsylvania already face difficult finances and unpredictable enrollments as the recession cuts into both their own endowments and what families can afford.
In an economy where money is tight and everyone's looking for a bargain, Florida's most expensive universities are attracting more students than expected.
Almost a third of U.S. private colleges expect freshman enrollment to decline in the 2009-2010 school year as families struggle to pay bills and hold down debt, according to a survey.
A recent study of the applicants to seven elite colleges in 1997 found that Asian students were much more likely to be rejected than seemingly similar students of other races. Also, athletes and students from top high schools had admissions edges, as did low-income African-Americans and Hispanics.
Starting this month, veterans of the post 9/11 era will be able to go to college on the “new G.I. Bill.” But a dispute over language nearly scuttled the back-to-school plans of California vets. KPCC’s Washington Correspondent Kitty Felde reports.
Compensation (pay plus benefits) has grown the fastest for leaders of research institutions, many of which are larger, richer, and more complex than other kinds of institutions.
Waldorf College, a financially struggling private institution in Iowa, has agreed to sell its assets to Columbia Southern University, an online institution based in Alabama.
U.S. Sen. Charles E. Grassley voiced dismay today over the findings of a report by The Chronicle about compensation for private-college employees other than presidents. The Iowa Republican has been urging private colleges, as nonprofit entities, to rein in pay for their top executives, and he cited the report’s findings that the highest-compensated employees in academe made more than $4-million in 2006-7.
A private-equity group announced today that it was buying Northcentral University, an all-online institution founded in 1996 and now enrolling about 7,500 students, mostly in graduate-level degree programs.
Waldorf College, a financially struggling private institution in Iowa, is discussing a potential sale of its assets to a for-profit, online education company, The Des Moines Register reported.
A new annual-outlook report from Moody’s Investors Service says that higher-education institutions are facing a range of challenges in the next year and a half. Although all colleges will face...
Boston Belmont University believes in the personal touch. Before freshmen start classes this fall, the Christian institution in Nashville will have had multiple personal contacts with the students...
The U.S. Department of Veterans Affairs has published a preliminary state-by-state list of maximum in-state tuition and fees, a tally that serves as an early indicator of how much the new GI Bill may cost the federal government. The numbers contain some surprises and bode well for both veterans and the private colleges they may wish to attend.
David M. Walker, the outspoken former U.S. comptroller general, is probably one of the few people who can make a talk about national debt sound like a hellfire-and-brimstone sermon.
Those who testified at a hearing by the U.S. Education Department debated whether rules on recruiting are too lax and made the case for what they would like to see as the department prepares...
Twenty years ago, the private university disbanded its teams. Now it's rebuilding them, with the expectation that sports will attract students in general.
All sectors of higher education -- and especially private colleges -- will face economic hardships in the next year and a half, says a new report from Moody's Investors Service.