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Another Highlight

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Another Highlight

Private Colleges and the Economic Downturn


How private colleges are being impacted -- and responding to -- the economic turmoil

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National Higher Education News


Giving Choice and Taking It Away

Inside Higher Ed

January 7, 2009

It's all about the students. That's the message that the College Board has been sending about its controversial Score Choice program since it was announced in June. That's not quite the message the board has been sending colleges - which are being explicitly offered options by the College Board that would limit student choice over scores or result in admissions offices having score information that students might not want reviewed.

Obama’s College Costs Discussion

Inside Higher Ed Quick Take

January 7, 2009

The Obama transition Web site is sponsoring an online discussion on college costs - noting both the interest of many in the issue and the recent death of Claiborne Pell, who as a Democratic U.S. senator from Rhode Island led the fight to create the grant program named for him. Numerous comments deal both with policy alternatives and the personal situations of individuals trying to pay for college.

From Princeton to DeVry

Inside Higher Ed

January 7, 2009

I think there's a general skepticism that people that are in this for profit aren't going to serve their students well. I feel the other way around, because if DeVry doesn't serve their students, we'll be out of business.  I was president of the University of Michigan. It's not going out of business anytime in our lifetime. DeVry could go out of business in years - not in decades - if it wasn't serving its students.

Congress to Slash Earmarks, Again

Chronicle of Higher Education News Blog

January 6, 2009

There will be 50 percent fewer earmarks in the spending bills for the 2010 fiscal year than there were in the fiscal-2006 bills, the chairmen of the House and Senate Appropriations Committees announced today.  Under the new rules, members of Congress will be required to post information on their Web sites describing each earmark they are requesting and why it is a valuable use of taxpayer funds.

Tuition Ammunition: a Happy Lesson on Lending

Wall Street Journal

January 6, 2009

Despite a massive federal effort to aid banks and boost the economy, lending has plunged in the last year.  Home-mortgage volume and bank loans to big companies are down dramatically.  But the government's response is expanding credit in at least one sector:  higher education.  Although the recession is weighing on colleges in many ways, the ability of students to get federal loans to pay tuition isn't one of them.

Senator Claiborne Pell’s Vision

New York Times - Editorial

January 6, 2009

The program is far from perfect. The aid hasn't kept up with the cost of a college education. The money doesn't help nearly as much now as it did back then.  Yet even Mr. Pell probably never realized, in the beginning, all the good the program would do.

Moody's Sees Stiff Challenges for Colleges—Especially Private Ones—in Next Year

Chronicle of Higher Education

January 6, 2009

A new annual-outlook report from Moody's Investors Service says that higher-education institutions are facing a range of challenges in the next year and a half. Although all colleges will face hardship, private colleges will be especially stressed compared with public colleges and community colleges.

Colleges Plan for Obama Inaugural

Inside Higher Ed

January 6, 2009

On campus, many institutions are hosting large viewing parties on Inauguration Day.  For other institutions, however, a simple viewing party will not suffice. A number of institutions, responding to great demand from their students, are sponsoring trips to Washington for those who wish to see the inauguration firsthand.

Don't Cancel College

MSN Encarta - Column

January 5, 2009

The rampaging bear market is doing a real number on many families' college financing plans. But there are ways to tame the beast.  College admissions experts stress that it's worth being persistent rather than pessimistic. This is one investment that's still safe, they say, promising better returns for a teenager than his mom's last 401(k) statement.

At Meeting of Small Private Colleges, Presidents Don't Worry Too Much About Economy

Chronicle of Higher Education News Blog

January 5, 2009

The No. 1 topic of discussion at the annual gathering here of presidents on the Council of Independent Colleges is, of course, the economy.  At a session led by Kent John Chabotar, president of Guilford College, in North Carolina, dozens of presidents shared stories about how the recession had had an effect on their campuses.
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