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Web Interviews Look at Student Loan Prospects
Sarah Flanagan, NAICU's VP for Government Relations, was interviewed at length on the prospects for student loans on the MuniMarket Pulse podcast site (scroll to May 5 listing). She earlier discussed the same topic on the Web-based Dave Baum Show (go to the TalkZone Web site, and scroll down to "College Loans").
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Wall Street Journal - Column
May 9, 2008
Harvard, Yale, Princeton and other big-name schools have begun reducing tuition costs for many students. But few of the nation's more than 3,000 colleges and universities have the resources for that kind of generosity, mandated or not. For smaller institutions, the endowment disbursement requirement being contemplated by Sens. Grassley and Baucus -- 5% a year -- would cause serious problems, requiring annual spending at the expense of a school's ability to save for bigger undertakings.
College Endowment Tax Is Studied
Wall Street Journal
May 9, 2008
Massachusetts legislators, demonstrating a growing resentment against the wealth of elite universities in tight economic times, are studying a plan to levy a 2.5% annual tax on the portion of college endowments that exceed $1 billion. The effort takes aim at one of the primary economic engines of the state, which is home to nine universities with endowments that surpass the $1 billion level, led by Harvard University's $35 billion cache, the nation's largest.
Boston Globe - Editorial
May 9, 2008
Rep. Paul Kujawski of Webster says his proposal to tax the endowments of the state's wealthiest universities and colleges was intended in part to "gain a lot of attention from the institutions." In that regard, the proposal has been a success. But only in that regard. The Legislature should abandon the endowment tax - an ill-conceived money grab that ignores how vital higher education is to the local economy.
Other News
Berkshie Eagle, Mass.
May 9, 2008
Massachusetts lawmakers have caught the attention of Williams College leadership with a proposal to study taxing any private college's endowment funds that exceed $1 billion. North Adams Mayor John Barrett III described the concept as "absolutely crazy. I don't know who comes up with these ideas, but they should be locked up and put in a padded cell someplace." He pointed to the millions of dollars Williams has contributed to the construction of Williamstown Elementary School, Mount Greylock RegionalHigh School and Mass MoCA in North Adams.
Lawmakers Eye Williams Endowment
May 9, 2008
A possible move in the Legislature to tax wealthy educational institutions is being dismissed by a least one local official as opportunistic "plundering." The 2.5 percent annual assessment on endowments in excess of $1 billion would affect at least nine universities and colleges in Massachusetts, including Williams College. "I think it's a very bad idea. I think it's an opportunistic robbery attempt by the state Legislature," said Williamstown Town Manager Peter Fohlin. "It's unfair and ill advised."
Howard University President Named
Washington Post
May 8, 2008
Bowling Green State University President Sidney A. Ribeau, who during a 13-year tenure at the Ohio campus raised low morale, exceeded fundraising goals and created model learning opportunities for students, was named president of Howard University yesterday with the hope that he would do the same for one of the nation's premier historically black universities. Ribeau will succeed H. Patrick Swygert, who is stepping down at the end of June after a 12-year tenure.
The Manliest Campus in America
Chronicle of Higher Education
May 8, 2008
It's no secret that Hampden-Sydney College is among the last male-only colleges in the country. Along with Hampden-Sydney, just three other four-year colleges are still all male: Wabash College, Morehouse College, and Saint John's University in Minnesota. But Hampden-Sydney is, arguably, the manliest of the lot. For proof, look no further than the testosterone-fueled FAQ's on its Web site.
In Turbulent Times, 2 Small Colleges Brace for the Worst
Chronicle of Higher Education
May 7, 2008
Heidelberg College pumped up its spending for a new, streamlined scholarship program, and then promoted its simplified formula so that students would know how much they could get before they even applied. At Tiffin University, thanks to distance-education and satellite campuses, the student population has risen over 50 percent in five years. Together, these two very dissimilar colleges present a living laboratory for the variety of experiments and strategies that many small, private colleges are now undertaking.
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