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    According to the U.S. Department of Education, more than 750 higher education institutions closed last year, including for-profit schools. Among these closing schools are private nonprofit colleges no longer able to fill the gaps between revenue and expenses and sustain operations while debt remains unpaid. While very few of the higher education institutions closing each year are private nonprofit schools, the annual number has tripled since the recession and is anticipated to remain stable or increase further, according to a 2015 Moody’s report. Many of the schools most at risk have fewer than 500 students and are affiliated with religious denominations. When a college or university goes bankrupt, what happens to its endowment? Most financially troubled schools have modest endowments, and some of the funds within the endowments are restricted by their donors to specific “for good, forever” purposes rather than immediate general support like debt relief. For example, Art Rebrovick, restructuring officer for Virginia Intermont College, which closed in 2014, said, “The endowment was on the books for $4 million, but it had been leveraged and used for faculty salaries so many times that there was just literally no money there.” If there is money left, there can be a fight between creditors, or between successor institutions taking up the responsibility of educating students. When Chester College in New Hampshire closed, it designated New England College as the recipient of its residual assets. This practice follows state and IRS guidelines that direct dissolving 501(c)(3) nonprofit organizations to give remaining funds to other nonprofits with similar missions, services, clientele, etc. However, the New England Institute of Art challenged the decision because it said that it was taking 92 percent of Chester College’s students and that act should be supported by the college’s residual endowment. Ultimately, the New Hampshire courts decided that the funds would be split 60-40 between the two schools, with New England
    6 years ago by @prophe
     
     
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    WHEELING – Who and what is Nova Southeastern University, and where can it be found on a map of the United States? Those were the popular questions when it was announced last week that highly successful West Liberty men’s basketball coach Jim Crutchfield was leaving the hilltop and making NSU his destination. For starters, Nova Southeastern is not in any way affiliated with Villanova University. Secondly, you won’t find any hills or snow on campus, but you are likely to encounter palm trees and bikinis. Located in Fort Lauderdale, Fla., Nova Southeastern’s main campus is minutes away from Fort Lauderdale’s beach, South Beach, Los Olas night life and the Everglades. It’s home to a diverse student enrollment of 25,000, with 1,200 being international students that come from 116 countries on five continents. Currently NSU, a private non-profit university, consists of 18 colleges and schools offering more than 175 programs of study with more than 250 majors. The school, which has an annual tuition cost of $27,660, has produced more than 170,000 alumni. The university was founded in 1964 as the Nova University of Advanced Technology on a former Naval Outlying Landing Field built during World War II. In 1994 the school merged with Southeastern University of the Health and Sciences and assumed its current name. Its endowment is listed as $102.7 million. Nova Southeastern is classified as a Doctoral/Research University Carnegie Foundation and was ranked by the Washington Monthly as the 259th-best national university. In 2000 and again in 2014, Nova was ranked third for the highest debt burden amongst its students. In 2014, NSU carried the highest debt load compared to all other students at non-profit universities. “You have to have a 3.0 grade-point average just to get in,” Crutchfield said. “Under grad is about 9,000 students and there are 16,000 in the various graduate programs — they pretty much have one for anything you want to do.” NSU boasts a vibrant campus life and only “highly credentialed” professors teac
    6 years ago by @prophe
     
     
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    The Office of the Higher Education Commission (Ohec) has threatened to wind up 98 bachelor's and master's programmes run by 10 private universities after a probe found the courses did not meet its quality ...
    6 years ago by @prophe
     
     
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    More than 150,000 students qualify for university admission annually, but only 27,000 can be accommodated in state-run universities, State Minister of Higher Education Mohan Lal Grero said. He said others, numbering around 130,000 were left out and some of them opted for vocational education and related areas in the governmental institutions. The Minister was addressing a seminar organised by the Agriculture Faculty of the Peradeniya University, under the theme ‘Peradeniya University and Sri Lanka Food Industry-the inter relationship’ as part of its diamond jubilee commemoration of the University at the Hector Kobbekaduwa Institute, Colombo. That was the reason the government had decided to support private higher education sector, Grero said. The government would introduce a loan scheme for students who had financial problems to enrol in higher education institutes in Sri Lanka. "If we have quality higher educational institutions within the country foreign exchange can be saved," Grero said. The minister said they would also focus on further developing the state education sector. The government was planning to increase state university intake by 15% by 2020. According to its policy the main target was to increase the intake up to 50,000 students by 2020, Grero said.
    6 years ago by @prophe
     
     
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    AGRA: Acting on a directive from chief minister Yogi Adityanath to curb the menace of mass cheating in the ongoing UP Board examinations, a team of invigilators led by Agra University vice-chancellor conducted a surprise raid at a private college and caught the owner red-handed while assisting students in copying. The raid was conducted on Wednesday evening by a four-member team at Manish Sharma College on Deori road under Sadar police jurisdiction. The private college is owned by Prashant Sharma. Talking to TOI, professor Luvkush Mishra, a team member, said, "It was astonishing to see that the owner of the college was acting as the center superintendent for examinations in the college. There was no principal or invigilators in the college." According to university norms, only principal, center superintendent and invigilators are allowed during exam hours. "Acting as the centre superintendent, Prashant was signing and collecting the answer-sheets that were mostly blank. After examination hours, he gave those blank answer sheets to the boys he had hired and dictated answers to them," said professor Mishra. The team found several bundles of answer sheets at Prashant's office that were not sealed after the exams. Arvind Dixit, VC of Agra University, said, "After conducting the exam, the answer sheets must be sealed within half-an-hour in the presence of invigilators and centre superintendent. However, we found several bundles that were not sealed." The team members said that after the boys had filled up the sheets, Prashant placed it between the bundles and sent it to the respective centres. On Wednesday , the team seized all the answer sheets and urged the regional higher education officer to take strict action against the accused. In order to conduct the remaining examinations, the VC has allotted four invigilators and a center superintendent from Agra University to Manish Sharma College. According to an Agra University official, CM Aditya Nath Yogi had called a high-level meeting of university VCs on Tuesday an
    6 years ago by @prophe
     
     
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    The first class of students who went to community college for free under Tennessee Promise is graduating this spring. Some might go straight into the workforce, some plan to transfer to public universities — but private colleges are starting to make a concerted effort to recruit them, too. One of these efforts comes in the form of a scholarship, a potentially hefty one: Tennessee Promise students transferring to Lipscomb University will receive at least $10,000, making up more than a third of their tuition. The university announced the "Lipscomb Promise" scholarship last week. “A substantial amount of their education will be funded by this university," said university president Randy Lowry. "That, in partnership with state resources ... [and] with their own resources and work, should provide them with the opportunity for this kind of college experience.” This award is not actually new — Lipscomb already offered the $10,000-plus scholarship to transfer students, under a different name, in past years. Lebron Hill, a junior, says the "Lipscomb Pathways" award was an integral part of his deciding to transfer from Motlow State Community College last year. "The money was a main factor in my choice, so I'm glad I was able to get the scholarship," he says. So "Lipscomb Promise" is essentially a rebranding. But changing the wording is not insignificant — after all, the entire Tennessee Promise program showed that marketing makes a difference. The governor has acknowledged that a huge part of its success is the fact that it proactively labels community college as "free," even though it was already free for many students because they qualified for federal financial aid. Mike Krause, who oversees the Tennessee Promise program and the state's higher education commission, says he expects calling the scholarship "Lipscomb Promise" will make a difference. “I think this is a place where the brand matters. You’re able to tell a student who’s really gotten used to the Tennessee Promise message [that college is affordable for
    6 years ago by @prophe
     
     
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    The Pt B D Sharma University of Health Sciences, Rohtak will also conduct combined counselling on the basis of merit of National Eligibility and Entrance Test NEET PG 2017. The Haryana government on March 28 announced that no private medical or dental college, including those under private or deemed university, are authorised to carry out their own counselling for admission to post graduate courses. The NEET post graduate admissions will be conducted in both undergraduate and postgraduate courses have to be done on the basis of NEET scores. The Pt B D Sharma University of Health Sciences, Rohtak will also conduct combined counselling on the basis of merit of National Eligibility and Entrance Test NEET PG 2017 and NEET MDS 2017 for admission to post graduate courses for academic session 2017-18 in all the government, government-aided, private medical and dental institutes including those under private and deemed universities in the state. Applicants can choose among various subjects which include MD, MS, PG Diploma and MDS, a spokesman of Haryana Directorate of Medical Education and Research. He also stated that the candidates desirous of seeking admission to MD, MS, PG Diploma and MDS courses would apply online for registration on the web portal — uhspgadmissions.in. ALSO READ: JIPMER Exam 2017: What you need to know about JIPMER MBBS entrance exam For the candidates seeking admissions need to know that the final allotment of seat/specialty/institute will be done by the admission committee after physical verification of eligibility criteria and original documents. Another important point that the aspirants must note that they should be personally present of the candidate in front of the admission committee at the time of counselling would be compulsory, he said. It is also While referring to the counselling schedule for admissions, the last date for submission of online application forms is April 8. The main counseling registration, choice filing & indicative seat allotment for NEET PG 2017 has commenced at
    6 years ago by @prophe
     
     
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    PATNA: The state assembly on Wednesday passed three Bills, including the Bihar Private Universities (Amendment) Bill, 2017 that envisages to relax the rules for opening a private university. While the varsity Bill was passed unanimously, the two other Bills were passed by voice vote. One of them pertained to the repeal of the existing Bihar Krishak evam Gramin Kshetra Vikas Agency Act to facilitate the merger of the four command area development agencies of the Sone, Gandak, Kosi and Kiul-Badua river basins. The other Bill was an amendment Bill related to the inclusion of the provision for payment of pension to MLAs and MLCs in the Act (2006) governing the payment of salaries and allowances to them. The Accountant General had objected to the pension to the lawmakers as it was not provided for in the pay Act, said parliamentary affairs minister Shrawan Kumar. As for the varsity Bill, education minister Ashok Choudhary said the Act had been framed in 2013 to allow a new private university to run from its premises having an area of 10,000 square metres in a building for two years before shifting to the place designated in the project report. As per the amendment, such a university can be run from the premises of even 5,000 square metres for four years before shifting to the designated place, Choudhary said.
    6 years ago by @prophe
     
     
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    After leaving Somalia at the height of the civil war to work in universities in Italy and Canada, Professor Mohamed Ahmed Jimale returned to the ravaged Somalian capital of Mogadishu in 2012 with the idea of reviving the Somali National University, or SNU, where he had graduated in 1983 and taught as a lecturer in the faculty of veterinary sciences. He was approved as rector by the new central government in 2013 and the university opened in 2014 with six faculties. In this interview, Jimale speaks about the state of higher education in Somalia and the challenge of running a university in what is still an unstable and often hostile environment, and about his hopes of helping poorer Somalis to attain the kind of education that launched his own career. UWN: What does it take to run such a university? MAJ: It’s not easy at times. Finding students is difficult, as is finding the right calibre of academic and support staff. Our university is tuition-free, therefore whoever gets admission here must earn it first by passing their high school exams and our pre-admission exams, which many students fail. At the level of academic staff, the higher education labour sector in Somalia is still young and it is tricky getting the right personnel to run the university. Another challenge is that we depend on the government for funding, which is not constant or predictable due to other competing national budget priorities. There are those who hold a myth that a tuition-free government university like ours is the preserve of high-ranking government officials and their children or you have to be influential or come from powerful families to get admission. We have had to battle with and demystify [this], making it clear that the university is open to all Somalis. The only ticket required is good grades. The final challenge is how to bring back our seven campuses with limited resources and cater for swelling numbers. UWN: What kind of assistance have you received from foreign universities? MAJ: One of the major problems we
    6 years ago by @prophe
     
     
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    A report released Thursday highlights the potential impact Gov. Andrew Cuomo's free public college tuition proposal could have on New York's independent and private colleges. The Commission on Independent Colleges & Universities in New York estimated that 54,079 fewer students would enroll in the state's private institutions if Cuomo's plan is adopted. The organization also estimates that 44,693 jobs would be lost due to the student reductions and communities would lose more than $224 million in tax revenue because of the ensuing job cuts. At private colleges in central New York, enrollment would decline by 4,067 students and 2,269 jobs would be cut. The surrounding communities would lose a projected $9.8 million in tax revenue, according to the study. Mary Beth Labate, a former State University of New York official who once served as Cuomo's budget director, is the president of the commission. She said the negative effects of the free tuition discussion are already being observed. "Words move markets," she said. "Enrollment is in jeopardy, capital projects have been put on hold and campuses are making plans for a series of layoffs in the coming months to close potential gaps." Abbey Fashouer, a spokeswoman for Cuomo, touted the state's support for private colleges — more than $2.4 billion in aid since 2011 — claimed that the independent institutions haven't agreed to cap "out-of-control tuition costs" at least than $500 a year for state support. "New York leads the nation in providing support to both low-income and private college students through our already robust $1 billion tuition assistance program and loan forgiveness initiatives," Fashouer said. "With private school tuition in New York averaging $34,000 a year compared to $6,400 at SUNY and CUNY — the numbers speak for themselves." Private college leaders have expressed concerns about Cuomo's proposal since it was first unveiled in January. The governor wants to provide free tuition at SUNY and City University of New York institutions for st
    6 years ago by @prophe
     
     
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    The House of Representatives has called on the National Universities Commission to regulate the role of visiting lecturers in Nigerian universities. This followed a motion on Wednesday sponsored by Abbas Tajudeen (Kaduna APC). Arguing the motion, Mr. Tajudeen stated that many universities, especially state-owned and private ones, rely too much on the services of either visiting or sabbatical lecturers. “This reliance poses a great challenge to quality of services rendered by the lecturers with regards to mentoring, research, publication of journals and the general academic wellbeing in the universities,” he said. Mr. Tajudeen said he was concerned that the situation affects the quality of education being provided owing to the fact that lecturers usually abandon their duties in their places of primary employment and spread their services thinly across other universities that they visit. “The activities of those visiting lecturers are not regulated by any supervisory or academic body, either to ensure compliance with their terms of engagement or limit the number of commitments they engage in to ensure quality education in Nigeria,” the lawmaker added. Contributing to the debate, Nicholas Ossai (Delta-PDP) however expressed a contrary view, stating that visiting lectureship is a universal practice and that lecturers use the medium to develop themselves and the students. “It does not make sense for us to prohibit what is acceptable internationally,” Mr. Ossai said. But when the motion was put to vote, it was accepted by the majority of the house. The speaker thus mandated the committee on Tertiary Education and Services to interface with the National Universities Commission and other relevant agencies concerned with tertiary education with a view to formulating policies to aid the regulation and supervision of the practice of visiting lectureship in Nigeria and report back within eight weeks for further legislative action.
    6 years ago by @prophe
     
     
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    WAXAHACHIE — Academic Excellence: two puissant words that all schools and university aim for and contend to be the best. Out of 47 private colleges in Texas that offer online courses, Southwestern Assemblies of God University has ranked in the top five of online colleges in Texas by Affordable Colleges Online for the 2016-2017 school year. According to AffordableCollegesOnline.org, "Texas is second in the nation in the number of institutions offering online degree programs. In Texas, online degree programs are designed to provide the same academic quality and rigor as their campus-based equivalents, but with the flexibility and convenience of 24/7 remote access. There are notable schools in the Lone Star State that merit recognition." With an overall high score of 98.71 for it's 53 online programs, 16:1 student-teacher ratio, and 73 percent financial aid assistance, SAGU ranked No. 4 in the poll and stood out amongst larger schools that include Dallas Baptist University, University of Houston-Victoria, and Wayland Baptist University. As stated by the website, "The colleges that made the list of the Best Online Colleges in Texas for 2016—17 have a demonstrated a record of excellence in delivering online programs and support to students at the post-secondary level." Affordable Colleges Online ranked the best online colleges in the state with information gathered by researchers and postsecondary experts. The organization's goal is to find colleges that offer a balance of academics, student support, and affordability concerning online education. Factors considered in the ranking process included in-state tuition and fees for undergraduate students, the percentage of students receiving scholarships or grants from the college, and availability of job placement services for students and graduates. Within SAGU's online programs, the school offers both bachelor and master's degrees in Education, Theology, and Psychology, continuing to grow in other areas of interest. Many of these programs are also available in fast-trac
    6 years ago by @prophe
     
     
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    The Philippines Senate has approved a landmark bill to provide free tuition for students in all state universities and colleges. The Free Higher Education for All Act was passed unanimously on Monday by a vote of 18-0. The bill establishes an initial tuition subsidy fund of PHP15 billion (US$298 million) administered by the Commission on Higher Education or CHED, the country’s higher education governing body. It also provides financial assistance to students in private and vocational institutions. More than 1.6 million students currently enrolled in one of the 112 state institutions will be covered by the fund. “This bill is for the Filipino youth who are struggling to finish their college education as well as their parents who are working hard to pay for the expenses of their schooling,” said Senator Paolo Benigno Aquino, the bill’s author. Senator Sherwin Gatchalian, a co-sponsor of the bill, also lauded the move, the final stage in the bill’s passage through parliament. “This is a collective victory for those of us who believe that equitable access to education at all levels is the foundation upon which we may build a just and prosperous future for our country,” he said in a statement. The passage of the bill comes nearly three months after Congress allocated PHP8.3 billion (US$165 million) under the 2017 national budget to provide free tuition for students in state universities and colleges for the upcoming academic year, and means that free tuition becomes law rather than depending on the yearly budget. Gatchalian first tabled free tuition legislation in July 2015 when he was a member of the House of Representatives, or lower house, but the bill did not succeed in its passage through the Philippines parliament. While acknowledging last year’s budgetary increase was “a promising start”, he continued to push for a bill to “make the free tuition policy in state universities and colleges a permanent reality”. ‘Unintended consequences’ The Kabataan Partylist, a youth party in the House of Repr
    6 years ago by @prophe
     
     
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    Seven Missouri private colleges and six from Kansas have failed a U.S. Department of Education test of their financial responsibility during the 2014-2015 academic year. The Chronicle of Higher Education this week released analyzed data that found 177 degree-granting colleges across the country failed the test, 18 more than had failed the previous year. Most of those failing were nonprofits. Only 65 of the failing schools were for-profit institutions. Among them was Wright Career College, a for-profit private school that was based in Overland Park and closed in April 2016 after going bankrupt. The Chronicle of Higher Education reported that in determining whether an institution passes or fails, the Education Department considers an institution’s debt and assets, among other factors. Scores given range from negative-1 to 3, and any score below 1.5 is considered failing. These schools are subject to cash monitoring and other federally imposed requirements. A school could raise concerns about its financial responsibility and end up on the monitoring list for late financial statements, outstanding liabilities and accreditation issues. The scores are made public by the federal Education Department as some broad indication of the financial health of thousands of two- and four-year schools. The idea is to give tuition-paying students and parents a better look at what their money is buying and how it’s being used. “The department’s methodology in devising the scores has drawn sharp criticism in the past from some higher-education groups,” the Chronicle of Higher Education reported. Among the schools in Missouri listed with a failing score for the 2014-2015 academic year is Westminster College in Fulton with a score of 1.1. But school officials said the college has subsequently improved performance and the reported score “does not reflect our college’s current financial conditions,” said Lana Poole, college spokeswoman. Poole said Westminster’s composite score for financial responsibility would increase to 2.7 fo
    6 years ago by @prophe
     
     
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    The secretary of Wisconsin’s Department of Safety and Professional Services sought to reassure the state’s for-profit college oversight board Tuesday that a proposal to shift responsibility for regulating those schools to her agency would not weaken supervision of the industry. But members of the Educational Approval Board were skeptical of whether the state department would have the expertise to scrutinize for-profit schools and protect their students, and voted to oppose the plan in Gov. Scott Walker’s budget. “If it’s not broken, don’t fix it,” board chairman Don Madelung said. “We’re not broken.” Walker’s proposal would eliminate the agency’s board and shift its staffers’ jobs to DSPS. Speaking to EAB members, DSPS officials pitched the move as a way to complement the agency’s efforts by maintaining its 6½ full-time staff positions and pairing them with the larger department’s legal counsel, investigators, consumer complaint division and other resources. “If the EAB does go away, nothing else would,” Secretary Laura Gutierrez said. “I don’t think the regulations, I don’t think your best practices (or) the way you do business would go away. “We would be protecting the students, and that would be our focus.” Consumer advocates and government regulators have been critical of the for-profit college industry, saying some of its schools use misleading marketing and offer expensive programs that are of questionable value to graduates on the job market. After facing increased scrutiny during the Obama administration, experts anticipate for-profit schools will experience less federal oversight under President Donald Trump, which could make the role of state regulators more significant. Walker advanced a similar plan two years ago to shutter the EAB, which legislators later removed from the budget — something Madelung praised Tuesday as “common sense.” Unlike the proposal Walker announced this year, that plan would have consolidated the work of the EAB’s staff and board into a single part-time employee. Sti
    6 years ago by @prophe
     
     
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    Taiwan's declining birth rate will take a toll on college enrollment, as the Ministry of Education (MOE) predicted Wednesday that the number of students entering university and other higher education institutes would drop close to 40 percent by 2028. At the Legislature's Education and Culture Committee, Deputy Minister of Education Yao Leehter (姚立德) reported that the number of incoming university bachelor freshmen and vocational colleges would drop by 40 percent to 723,000 in 2028 — 413,000 fewer than enrollment rates in 2013. Drops in enrollment are predicted to continue the trend of institutional belt-tightening, including cuts in instructor hiring, school closures and mergers. School lands are likely to be left unused, causing a waste of higher education resources, Yao said, warning that universities and colleges should "begin thinking about an exit plan." As higher education has become more accessible, the number of well-educated unemployed has increased, with many businesses claiming today's graduates do not fit the requirements of a modern workplace. Update Education for Industry The MOE is set to launch a project assisting vocational high school students in entering the job market immediately after graduation, in order to close the gap between education and industry. A flexible department-altering system would be established, Yao said, to allow university departments to change their teaching materials and content to catch up with the latest business trends. The Democratic Progressive Party's Su Chiao-hui (蘇巧慧) questioned the fact that government funds for private universities differ greatly from those for public universities. She said that a regular public university receives three times the funding of a private university, while a regular public school student gets 2.2 times that a private school student gets. "The difference in resources at school impacts students' opportunities in their careers," Su said. In response, Yao said the ministry has increased private universities' funding to NT$8
    6 years ago by @prophe
     
     
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    Taylor’s University is ranked no. 29 in the world for Hospitality & Leisure Management Taylor’s University today achieved a global milestone through recognition in the QS World University Ranking by Subject results which positioned the university as number one in Malaysia and top 30 in the world for Hospitality & Leisure Management. Taylor’s University placed alongside renowned universities in Asia, including Hong Kong Polytechnic University and Nanyang Technological University, Singapore for the top 5 ranking for the subject. Taylor’s University Vice Chancellor & President, Professor Michael Driscoll shared his elation over this accomplishment, sharing that this accolade further solidified Taylor’s strong standing in this area. “As Taylor’s University moves to the next chapter towards balanced excellence, this accomplishment provides us with a stronger foundation as we continue to attract the best talents, collaborate with the best partners globally and produce the best graduates who make a difference in their communities, wherever they are in the world. This international recognition reflects our perseverance and dedication to provide the highest of quality undergraduate teaching and learning, and a testament of our outstanding academic reputation, employer reputation and our research capability in this particular field,” shared Professor Driscoll. He added that this achievement is indeed an important milestone for Taylor’s, a young, dynamic and ambitious university, in line with its aspiration of becoming one of Asia’s top 100 universities by year 2022. In addition to the recognition for hospitality and tourism management subjects, Taylor’s is also the only private university in Malaysia to receive recognition for the subject of Art & Design, making it to top 200 in the world and top 2 placing in Malaysia, alongside Universiti Sains Malaysia (USM). Universiti Teknologi Mara (UiTM) made it to third placing for this subject in Malaysia. These accomplishments signal that the quality of the teachin
    6 years ago by @prophe
     
     
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    The Trump administration has taken its first shot at rules designed to protect students from expensive, low-quality colleges and career training programs. Less than a month after Betsy DeVos was sworn in as its top official, the U.S. Department of Education announced Monday evening that it would delay until July 1 an effort to crack down on career training programs that load students up with unpayable debt. The biggest winners: the more than 800 higher educational programs that claim to lead to “gainful employment” but flunked the department’s January excessive debt test—mostly for-profit art and cosmetology schools. These programs can now continue to recruit applicants (at least until July 1) without having to warn them about alumni’s oppressively high debt loads. The schools can also take this extra time to seek data showing that their graduates’ student loan bills are actually below the official “excessive debt” cutoff. That means bills must be no more than 12% of the average student’s gross earnings, as reported to the Social Security Administration, and no more than 30% of their discretionary income. That means, for example, that students considering entering, say, the Art Institute of Pittsburgh’s two-year Associate’s program in graphic design won’t necessarily be warned that the typical graduate of the program has taken on about $40,000 in debt, but finds a job paying only about $22,000 a year. The monthly financial reality for such graduates is grim. Their before-tax monthly salary works out to about $1,900. The monthly payments on a standard 10-year student loan repayment plan top $400 – or more than 20% of their gross earnings. The department said it would use the extra time to “further review the [Gainful Employment] regulations and their implementation.” The action puts the brakes on one of many last-minute moves by the Obama administration. In January, the Department of Education issued an analysis of the earnings and student debt levels of more than 8,600 higher education programs that offer pr
    6 years ago by @prophe
     
     
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    Generally, prestigious private universities with hundreds of students don't get shut down over fairly minor, six-month-old technical issues that have since been resolved. But that is precisely the predicament facing the European University at Saint Petersburg, a bastion of Western liberal arts, which has been ordered closed by a district court after a furious conservative assault against it, writes Fred Weir for The Christian Science Monitor. The university’s problems began last June, when an ultra-conservative lawmaker from Saint Petersburg, Vitaly Milonov, lodged an official complaint against it, which under Russian law requires an official investigation to be launched. Milonov is a key author of Russia's "anti-gay propaganda" law. Reached by telephone, Milonov, now a deputy of the State Duma, insisted that he merely passed along complaints made to him by citizens, including a letter he allegedly received from five students of the university. The students "raised a bunch of issues about the quality and services of the school", he said. "I can't remember most of them, but one was the teaching of gender studies at the school. I personally find that disgusting; it’s fake studies, and it may well be illegal," he said. "But I'm not qualified to judge, so I handed it on to the proper authorities."
    6 years ago by @prophe
     
     
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    The Trump administration is delaying implementation of one of the signature policies of the Obama-era crackdown on for-profit colleges. The Department of Education announced Monday night it was targeting the Obama administration rule aimed at holding career-training programs accountable for getting students decent jobs and earnings. To be in compliance with the regulations, career-training programs, which are largely at for-profit colleges, need to graduate students whose loan payments don’t exceed 20% of their discretionary income or 8% of their total earnings. Programs that don’t fit this criteria for multiple years could lose access to federal financial aid. Career-training schools will now have until July 1 to file appeals to the program debt-to-earnings ratios published by the Department earlier this year, as part of the enforcement of the gainful employment (GE) rule. Originally, their appeals were due Friday, March 10. The schools will also now have until July 1 to publish disclosures about their debt-to-earnings ratio that are required by the new law. Before this decision, the programs had until April 3 to post those disclosures. The gainful employment rules were a long fought victory for the Obama administration in its quest to crack down on for-profit colleges, which officials and advocates have accused of loading students up with high debt loads for questionable outcomes. The for-profit college industry fought the regulations in court and the Obama administration ultimately prevailed. But the Trump administration’s embrace of an increased role for the private sector in education has had supporters of efforts to crack down on for-profit colleges worried that the new rules could be in jeopardy — and investors betting on for-profit schools. The delay is the first signal that that speculation may be correct. “This is a sign that does nothing to dispel concerns that this administration will be sufficiently aggressive in protecting students,” said Ben Miller, the senior director of postsecondary educati
    6 years ago by @prophe
     
     

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