Campus CFO

Mississippi University Needs Millions in Storm Repairs

Officials estimate it will take tens of millions of dollars to repair damage caused by Sunday’s tornado at the University of Southern Mississippi, Hattiesburg. The College Board voted unanimously on Wednesday to allow the higher education commissioner, Hank M. Bounds, to sign contracts and take other actions without board approval to help the 16,000-student university recover.

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Yale Suing Former Students Shows Crisis in Loans to Poor

Needy U.S. borrowers are defaulting on almost $1 billion in federal student loans earmarked for the poor, leaving schools such as Yale University and the University of Pennsylvania with little choice except to sue their graduates.

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Obama’s Bold Plan to Reshape American Higher Education

Obama's State of the Union address was much the same as last year’s, focusing intensely on college affordability and putting institutions on notice that the gravy train of public support for rising prices would have to end.

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Vermont Higher Education Chiefs Welcome Funding Increase

Vermont customarily ranks near the bottom in its fiscal support for public higher education. The state’s public higher education chiefs sometimes remind legislators of that fact, even as they express gratitude for what they do get from state government, when they make their annual appearance before the House Appropriations Committee.

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A Financially Viable MOOC Business Model

At present, the institutions producing MOOCs (MIT, Stanford, Harvard, and others) have relatively healthy balance sheets, sizeable endowments, and minimal competition. There is no business model that clearly indicates a viable revenue stream for these institutions or the companies that offer the courses. Yet we believe there is a business model that can work for institutions that intend to benefit financially by offering large-enrollment online courses.

Communicating about Financial Aid

With families’ growing concerns about financing higher education, and the federal government’s increasing involvement in recommending and/or requiring certain communications regarding institutional costs, every institution should be taking a step back to review all of the tools currently being used to present affordability, explain the aid application process, and communicate the awards themselves.

Donor-Advised Funds Booming, Despite Economy

A particular anonymous couple, both Cornell University alumni, could be considered the proverbial advancement officer’s dream. They met in high school, attended college on scholarship, embarked on successful careers after graduation, and raised three children—all of whom attended their alma mater. Recently retired, they’ve now decided it is payback time.

Endowments Continue Their Rollercoaster Ride

2012 was not the best year for higher ed endowments, which ended FY2012 at -0.3 percent, compared to a 19.2 percent growth the prior year, according to the 2012 NACUBO-Commonfund Study of Endowments.

NASFAA Reimagines the Design and Delivery of Student Financial Aid

As the student aid programs rapidly approach reauthorization in 2014, they continue to face severe funding and efficiency problems. With grant assistance from the Bill & Melinda Gates Foundation through their “Reimagining Aid Design and Delivery” (RADD) project, NASFAA today released a policy brief examining the current systems of student aid with an eye towards reimagining how they could be improved in the future.

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Michigan’s College Education Cuts

While we consider Gov. Rick Snyder’s budget message, we might want to look at some facts underlying our economy. The (persistently) bad news: Since 2008, Lansing has slashed support for public colleges and universities by 21.5 percent. The (sort-of) good news: We aren’t the worst.