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Another Highlight

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Another Highlight


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Colleges May Yet Feel Bite From Recession, Moody's Analysts Warn

Chronicle of Higher Education
November 14, 2008

Mark M. Zandi, chief economist and co-founder of Moody's Economy.com said, at a conference on the economic climate, that the recession will probably last for at least two more years, signaling “dark days for higher education.”  Effects could include less availability of private student loans, a shrinking pool of people who can afford to go to college, and more difficulty in borrowing funds for the colleges' operations and growth.  Investors could also begin to demand more information from colleges about the financial risks in their operations.

Times get tougher for higher education

Orlando, Fla., Sentinel
November 14, 2008

The past year has been rough for many Florida colleges and universities as the sagging economy put the squeeze on budgets -- and it looks as if the worst is yet to come.  At public universities, more state-mandated cuts are likely before the end of the year. And at private colleges, officials worry students will transfer to less expensive public schools because family finances are being hit by job losses and less access to home-equity and private student loans.  All schools expect financial-aid requests to skyrocket.

Refugees From Meltdown Bang on Doors of Elite MBA Institutions

Bloomberg News
November 14, 2008

Refugees from the worst financial crisis since the Depression are stampeding the gates of the top graduate schools for business, swelling an already huge crowd.  The Massachusetts Institute of Technology, Georgetown University, Dartmouth College and the University of Michigan say increased requests for tours and interviews herald the busiest year ever for their business schools.  Registrations for the Graduate Management Admission Test, used to help winnow candidates, have risen 12 percent this year, to 223,159, sure to beat the record set in the recession year 2001.

Stupid Is as Stupid Does

Washington Post
November 14, 2008

Fresh ire aimed at former Harvard University President Larry Summers prompts the question: Shouldn't there be a statute of limitations on dumb things expressed in public?  (Please say yes.)  Now, feminists have begun raising objections over speculation he might be considered for a second term as treasury secretary. There may be compelling reasons to appoint someone other than Summers, but his having said something dumb -- or at least unpopular -- once upon a time shouldn't be one of them.

An Antidote to College Rankings?

Time Magazine
November 14, 2008

Schools' biggest grouse against rankings is that they take a complex institution and crunch it down into a single score. Critics castigate U.S. News & World Report not only for rewarding schools for such things as outspending their rivals, but also for basing a whopping 25% of a college's ranking solely on how its reputation is rated by administrators at rival institutions.   Enter the National Survey of Student Engagement, which tries to provide a detailed picture of how well a school is judged by its customers, i.e., the students who attend them.

As Economy Wavers, Online Enrollments Climb

Inside Higher Ed
November 13, 2008

Researchers who study online education tend to believe that the staggering growth in enrollments seen over the past several years can't continue apace forever. According to a study released Wednesday, they'll have to wait at least another year for the predicted flattening.

As the Economic Crisis Hits Home, Colleges Seek Help From Congress

Chronicle of Higher Education
November 13, 2008

Over the last few weeks, colleges and their lobbyists have bombarded members of Congress with letters and phone calls seeking money for research, student aid, and infrastructure. Their appeals emphasize the role colleges play in the nation's fiscal health, not only as educators but also as employers and innovators.

Financial-Rescue Plan, in Shift, Could Aid Student-Loan Providers

Chronicle of Higher Education
November 13, 2008

The remarks of Treasury Secretary Henry M. Paulson Jr. in regard to student loans appear directed at expanding the availability of private loans, industry representatives said.  That conclusion is based on the fact that the federal government already has taken a series of steps in recent days and months to bolster the ability of loan companies to offer the federal loans.

Majority in survey say college cost big problem

San Francisco Chronicle
November 13, 2008

More than half of Californians say that paying for college is a big problem, according to a new survey of 2,503 parents and other adults conducted by the Public Policy Institute of California.  They are losing confidence in the government's ability to maintain the quality of public colleges and universities, the survey found.  As a result, many Californians believe that higher education is increasingly beyond their grasp at a time when college has never been more necessary, the survey found.

Who Should Be the Nation's Next Education Chief?

U.S. News & World Report "On Education" Blog
November 13, 2008

If President-elect Barack Obama is serious about improving education, his choice for education secretary must be someone who can tackle all the challenges at once. That may mean breaking with tradition and appointing someone who not only has a background in elementary and secondary schools but brings something new and different to the table.  So far, Obama has not offered any names. But education policy experts have named several possible contenders.

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