Paying for College: A Problem of Degree(s)

Jon Levine, writing for Mic, reported about a decision on where to go to college made by an incoming freshman, Ronald Nelson, last month. It’s a dilemma faced by countless high school seniors across America about this time each year. Mr. Nelson is an outstanding student at Houston High School in Memphis who has earned…

Higher Education: The Right Kind of Philanthropy

Earlier this month Harvard University announced a $400 million donation to its engineering college, as part of a $6.5 billion fundraising goal for its comprehensive campaign. Harvard’s endowment stands at $36 billion, with its total wealth estimated at $43 billion.   Its endowment earned a 15 percent return on investment last year. Taken together with…

Rich vs. Poor: The Growing “Class” Gap in Higher Education

Two thoughtful yet troubling articles, published within a week of each other, startled higher education leaders last week. In the great debate about which factors best explain the growing achievement gaps between rich and poor students, these studies reached important conclusions about the “drivers” contributing to the widening disparities. Isabel Sawhill, writing for the series…

Show Me the Money: The Growing Financial Crisis in College Athletics

Last week, Erik Brady, Steve Berkowitz and Christopher Schnaars wrote about the growing money pressures faced by “non-power 5” college athletic programs in USA Today. They found that “by the NCAA’s benchmark for self-sufficiency, just 24 of the 230 public schools in Division I stand on their own, up from 20 a year earlier, “…

What’s the “Value Added” of a College Degree?

In a recent release titled “Beyond College Rankings,” Jonathan Rothwell, a fellow at the Brookings Institution, examined the “value added” of two- and four-year colleges in the United States. In doing so, Mr. Rothwell assessed the difference in the expected economic success of alumni and the actual outcomes of graduates. The conclusions are based on…

A Survivor’s Guide for Soon-to-Be College Graduates

The term “graduation” typically means that you graduate “from” something. As we enter the college graduation season, however, it is wise to take a moment to discuss what graduation will mean for transitioning seniors –especially young adults — both leading up to graduation day and in the months that follow. Graduation comes with well-earned accolades…

Public Higher Education at a Crossroads

When state revenues dip, those groups funded in areas where state officials have the most discretion often suffer more than other state-funded groups. It’s expected. At the top of the list for many state officials is public higher education. Governors and their education staffs often use the occasion to demand efficiencies, warn against corresponding tuition…

College Minority Recruiting

As the first numbers on the composition of incoming freshman classes trickle in next month, many colleges and universities take substantial credit for increasing their pool of minority enrollment. They link their claim to ambitious and noble goals usually expressed as a pillar of the college’s strategic plan. The higher education community is right to…

As the Rich Get Richer, What’s a ‘Poor’ College to Do?

Drawing upon a study by Moody’s Investors Service, Nick Anderson reported in the Washington Post last week that “the ten richest universities in America hold nearly a third of the total wealth, in cash and investments, amassed by about 500 public and private institutions. The 40 richest hold almost two-thirds of the total wealth.” He…

When the Financial Crisis Looms: A Tale of Three Colleges

Late last week I had a telling conversation with Dr. Jim Douthat, a colleague and mentor and the highly respected president emeritus of Lycoming College (PA). Like me, Dr. Douthat is convinced that the present operational path taken by many private colleges and universities is financially unsustainable. As Jim argued so perceptively, the looming financial…