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Beyond the 2010 NAICU Annual Meeting
The NAICU Annual Meeting may be over, but you'll still be able to benefit from many of the sessions and speakers. We're assembling texts, PowerPoints, and other session material, and will be posting them on the Web site by around Feb. 10.
NAICU Launches 2020 Initiative
NAICU and the Council of Independent Colleges have launched "Building Blocks to 2020," recognizing and encouraging private college and university efforts to help the nation reach President Obama's 2020 college education goal. For details, or to sign up your institution to participate, go to www.naicu.edu/2020.
Helping Haiti
Across the nation, colleges and universities are reaching out to the victims of Haiti's earthquake in ways as diverse as their various missions. We are posting news stories summarizing those efforts on this Web site. If you want to help with cash or in-kind donations, we suggest you visit the USAID Help for Haiti Web site.
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The NAICU offices will be closed again on Tuesday, February 9,
because of weather conditions.
Top Stories
Remove middle man from college loans
Miami Herald - Editorial
February 9, 2010
President Obama wants to do away with the middle man -- banks and lenders like Sallie Mae -- and have universities and colleges deal directly with students and the federal government. This is how Pell Grants are awarded. Not so for loans, which banks and Sallie Mae now profit from in most cases. Of course, this makes so much sense that it's now imperiled in the U.S. Senate. The banking lobby and Sallie Mae are crying, Job losses! Government takeover! And senators are buying this red herring?
Ivy League counts the cost as global markets deliver harsh lesson in investing
London Times, U.K.
February 9, 2010
They are the elite in more ways than one. Ivy League universities, fêted and idolised across the United States, have also been seen as being among the world's most successful investors, reaping rich rewards for their acumen. But not even the Ivy League has been immune from the global financial meltdown. Average annual returns of 15 per cent to 16 per cent on their investments in the two decades to 2008 were brought to an abrupt halt when the downturn wiped up to 30 per cent off their value.
Focus on graduation could be rough for small private colleges
Contra Costa Times
February 8, 2010
Graduation rates are likely to move to the forefront of national higher-education discussions this year, putting particular pressure on schools such as Holy Names University, where just 17 percent of the students who arrive as freshmen put on a cap and gown within six years. With President Barack Obama calling on colleges to dramatically increase the number of graduates over the next decade, Holy Names and other small private schools are entering an era of self-examination. For many, it is a matter of figuring out how to improve their dismal numbers without turning away the students who tend to contribute to those low rates.
Other News
Clark University President Becomes Chair of NAICU Board of Directors
Clark University Web Site
February 7, 2010
Clark University President John Bassett was installed as Chair of the Board of Directors of the National Association of Independent Colleges and Universities (NAICU) at the organization's annual meeting on Feb. 3. His one-year term as chair of NAICU's board was ratified by member college and university presidents. He succeeds Joseph J. McGowan, president of Bellarmine University, who remains on the board as past chair. (Full list of NAICU Board officers and members.)
Dartmouth Board Chairman Sees ‘Difficult Decisions'
Valley News, White River Junction, Vt.
February 5, 2010
The captains of industry and millionaire money managers who will make decisions this weekend about Dartmouth College's financial status -- including whether to lay off workers -- keep a low profile in what has shaped up to be a high-profile debate over how the college should work out its budgetary difficulties. The trustees, who include college President Jim Yong Kim, will spend the next three days considering details of Dartmouth's plan to close a $100 million spending gap over the next two years.
Q&A: Yale's Richard Levin talks budget
Yale Daily News
February 5, 2010
University President Richard Levin announced Wednesday that Yale will undergo another round of budget cuts. In an interview with the News, Levin discussed the University's financial strategy, how the current cuts will affect Yale students and the future of Yale's budget woes.
In Michigan, All Hands on Deck
Inside Higher Ed
February 5, 2010
The agreement between Davenport University and Michigan's Office of Career and Technical Education is the first statewide agreement under which a Michigan college or university will accept credits in certain approved courses taken by students at any of the state's technical high schools or career-technical centers. While public colleges might be likelier than independent institutions like Davenport to find a place for students from technical high schools, Davenport officials say they undertook the yearlong effort because enrolling such students is consistent with the mission of an institution that calls itself "your career university."
University of Sioux Falls reverses staffing downturn
Argus Leader, Sioux Falls, S.D.
February 5, 2010
A year after the University of Sioux Falls laid off faculty and staff, cut salaries and reduced retirement benefits because of the battered economy, it celebrated a comeback Thursday. Citing increased enrollment, continuing donor contributions, rebounding endowment dollars and improved student retention, President Mark Benedetto told his staff that almost half will receive 2 percent bonuses after salaries were cut 9 percent a year ago. All who are eligible will have retirement benefits restored to a 5 percent match of their own retirement giving.
Wellesley College lost $344 million last year
Wellesley Townsman, Needham, Mass.
February 5, 2010
Wellesley College lost $344 million last year, leading the prestigious women's school to cut 95 jobs. In a letter to the Wellesley College community, Andy Shennan, dean of the college, said the financial troubles are expected to continue. "Our projections indicate a series of years, beginning in 2011-12, in which we will face $10 to $12 million deficits in the college's operating budget, as the full impact of last year's endowment decline takes effect."
About the items posted on the NAICU site: News items, features, and opinion pieces posted on this site from sources outside NAICU do not necessarily reflect the position of the association and its members. Rather, this content reflects the diversity of issues and opinions that are shaping American higher education.
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