Campus CFO

Tackling College Affordability: Criteria for a System Redesign

There is a lot of talk right now about the future of higher education, and particularly about how student financing should be redesigned within that new future. The main driver of this interest is the nation's dramatically increasing need for talent. Two-thirds of all new jobs require a postsecondary degree or other credential, but only about 40 percent of Americans have it. As a result, the talent gap is wide.

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Louisiana Lawmakers Are Debating Higher Ed Tuition Hikes

In the last four years, higher education in Louisiana has felt the brunt of more than $650 million in cuts. Depending on what happens in the state legislature, tuition could rise for thousands of students at universities across the state. Recently, the state's House Education Committee held a hearing on a proposed bill which would allow universities to raise tuition without legislative approval.

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Strayer University Launches ‘Graduation Fund’ to Address College Affordability and Promote Graduation

Starting from day one, for every three classes a new student successfully completes, Strayer University (Va.) will place one Tuition Award in their Graduation Fund to cover the cost of one future class. In addition, as part of an overall effort to address affordability, Strayer University is also announcing that tuition will be frozen for currently enrolled students, and there will be no tuition increase for 2014.

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U. of Arkansas for Medical Sciences Names New CFO

The University of Arkansas for Medical Sciences announced that William Bowes will take over as CFO on July 1. Bowes most recently was chief financial officer for the Connecticut Colleges and State Universities Board of Regents for Higher Education.

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Wayland Baptist University CFO Admitted Embezzlement

Wayland Baptist University in Plainview, Texas, has fired chief financial officer James E. Smith amid accusations he used the school's money to pay off debts he and his wife incurred. An affidavit submitted with a lawsuit filed this week by the university says Smith admitted embezzling about $40,000 over a four-year period.

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Newman University Hires Independent School’s CFO

Newman University (Kan.) will have a new vice president for finance and administration later this year. Jennifer Gantz has been named to that position, effective June 1, replacing Mark Dresselhaus, who is retiring at the end of May. Gantz has been chief financial officer at The Independent School (Kan.) since 2007.

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Brown University Names New Chief Investment Officer

Former hedge fund manager Joseph Dowling will join the likes of David Swensen, Jane Mendillo, and Narv Narvekar as the Ivy League's newest chief investment officer. Brown University has appointed Dowling to lead its $2.8 billion endowment, making him the second CIO in the school's history.

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Connecticut Bill for Uniform Financial Aid Info Advances

A proposal to require Connecticut colleges and universities to supply students with uniform financial aid information has passed in the state House of Representatives. The bill, which passed 141-to-0, obliges institutions of higher education to provide a financial aid shopping sheet to each admitted student before the enrollment deadline.

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Creating a Holistic Shopping Cart Experience for Online Donors

With close to 5,000 potential Michigan State University gift allocations, many donors were already completing a transaction and then going right back in and shopping again. So imagine what MSU could gain by offering donors a single shopping cart through which they could make multiple donations.

Janene Culumber Appointed to USF Credit Union Supervisory Committee

Janene Culumber, Senior Vice President of Finance and Chief Financial Officer of H. Lee Moffitt Cancer Center & Research, has recently been appointed to the University of South Florida Federal Credit Union (USF FCU) Supervisory Committee. She is the fifth member of the committee and was selected due to her extensive financial background, as well as her diverse insight.

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