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Happy Holidays!
Holiday greetings from the NAICU staff to our members, and to our friends across higher education and the higher ed policy-making world. Visit our holiday greetings page for links to a selection of the e-greetings our members have posted this year.
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Harvard curtails tenure searchesDecember 10, 2008The move by the Faculty of Arts and Sciences, which also plans to freeze salaries for its 720-member faculty, followed an immediate freeze on the hiring of nonfaculty staff announced last month, dramatic signals of a university scrambling to right itself after its once ballooning $36.9 billion endowment plummeted 22 percent over the past four months. The cuts announced yesterday will take effect next school year and continue for an undetermined period until the budget picture improves. |
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Merrimack College holds line on tuitionDecember 9, 2008Merrimack College won't hike tuition, room and board costs for its students next year, the North Andover school announced today. Citing the "financial challenges facing college students and their families," Merrimack said its board of trustees recently voted to hold the line on rates for the 2009-10 academic year. Only one other college - Benedictine University in Illinois - plans to freeze tuition next year, according to the National Association of Independent Colleges and Universities. |
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Brandeis U. Asks Professors to Take Pay CutsDecember 9, 2008An e-mail message to faculty members in the College of Arts and Sciences on Monday informed them that they could volunteer to take a 1-percent pay cut, a step that would forestall two to three layoffs stemming from a projected budget shortfall in the 2009 fiscal year, reported The Justice, a student newspaper. Thirty percent of the arts-and-sciences faculty must conditionally agree to the cuts for the plan to take effect, and a decision is required by Friday. |
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Harvard Faculty Will Freeze Pay to Help Slash BudgetDecember 9, 2008The deans of Harvard University's largest faculty will freeze salaries for professors and non-union staff in fiscal 2010, deepening spending cuts announced last month, according to a letter posted on the Web site of the Harvard Crimson newspaper. At least $105 million needs to be cleaved from the budget, according to the letter to department heads from deans of the Faculty of Arts and Sciences. |
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Bryn Mawr CFO: No Tuition IncreaseDecember 9, 2008Money has been set aside to help students whose financial situations have deteriorated, and in many cases financial aid will increase for both current and incoming students. "In this economic downturn we will be very sensitive to increasing our cost beyond inflation. No significant tuition increases are anticipated at this time as a response to our financial pressures," said Bryn Mawr Chief Financial Officer and Treasurer John Griffith. |
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Economy affects local college endowments, tuitionDecember 8, 2008Few schools are giving exact numbers, but University of Rochester is reporting that their endowments have dropped by 25 percent since June of this year, and locally, colleges are not fairing well either. Recently, President of Colgate Rebecca Chopp outlined her college’s line of defense against the economic downturn in two press releases viewable on Colgate’s website. In what she calls “immediate measures”, Chopp lists four ways she is planning on combating financial issues. (Regional emphasis) |
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Lambuth University trustees ask for helpDecember 7, 2008Approximately 300 people attended Saturday's emergency meeting of the United Methodist Church Memphis Conference, during which leaders and members were asked to help Lambuth University meet its $800,000 shortfall. Lambuth is affiliated with the United Methodist Church, which has a board of higher education that can offer the university assistance during financial hardships, United Methodist Bishop Richard Wills said. |
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At Dean College, late-bloomers get 2d chanceDecember 7, 2008In a higher education world often fixated on prestige, Dean College cuts against the grain, carving its niche by catering largely to students with spotty academic records. Marketing itself as a haven for students who struggled through high school, the primarily two-year college proudly embraces its reputation as a safety school and its commitment to students who need extra attention. |
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Be fair to our rich uncleDecember 5, 2008Do we see unfairness in our having to pay property taxes while Amherst College is exempt? But consider, it is not unheard of for towns to make concessions to attract business. If we had no Amherst College here, I wonder what sort of concessions the town would be willing to make to attract such a "business." Would we be willing to exempt it from paying property taxes? |
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University of Mary Announces New President, Father James Patrick SheaDecember 5, 2008Father James Patrick Shea will succeed Sister Thomas Welder effective July 1, 2009, as the University of Mary's president. It is believed the 33-year old Father Shea will be the youngest university president in the United States. |
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