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"Some college administrators seem so distracted with fund raising, academic infighting, and community initiatives that they set up their emergency communications departments very poorly. Training is poor to nonexistent, secretaries are pressed into service with tremendous responsibilities for running 'notification systems' 24/7 and on weekends because no one else knows how to do it and the administration won’t pay for additional staff. Procedures are seat-of-the-pants and dependent on HIPPO (highest paid person’s opinion), except when something like Virginia Tech happens and there is some sort of scramble to do something different." --Donna
Most Colleges Avoid Risk Management, Report Says
U. of Georgia Paid 2 Fraternities $2.4-Million to Relocate, Contracts Show
The two were among five that houses on property where the university plans to build new academic facilities.
New Allegations in Admissions Controversy at U. of Illinois Suggest Ex-Provost Played a Role
Linda P.B. Katehi, the incoming chancellor of the University of California at Davis, has insisted she knew nothing of the admission of politically connected applicants at Illinois.
Sonoma State U. Foundation May Lose $350,000 on Loan to Former Board Member
The foundation will be forced to issue fewer scholarships in the 2010-11 academic year because of a diminished endowment, a university official said.
Court Overturns $2-Million Verdict for Former Coach at U. of Louisiana-Lafayette
The coach, one of the few African-Americans in big-time college football, was fired after three losing seasons. He sued, saying he had been dismissed because of his race.
The notorious vermin have forced Colorado State University at Fort Collins to cancel its annual Great Sofa Roundup, which allows students to donate unwanted couches.
College Suspends Student for Working in Gay Pornography | 58
President Obama's Visit to Notre Dame Carries Barely a Hint of Controversy That Preceded It | 58
Drug Sting Nabs 21 Students at U. of Illinois | 57
Faculty Members and Union Protest Staff Layoffs at Temple U. as 'Cruel' | 57
North Dakota Board's Vote Puts 'Fighting Sioux' Mascot on Thinner Ice | 57
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May 7, 2008
Bush Signs Student-Loan Bailout Bill Into Law
Washington — President Bush signed into law this morning legislation that aims to avert a shortfall in student loans.
The law, which the House and Senate passed swiftly and which Mr. Bush endorsed in a radio address, seeks to stem the departure of loan companies from the federally guaranteed student-loan program and to reassure families that student loans will be available in the fall. More than 50 lenders have left the federal program in recent weeks, amid a credit crunch that has spread from the housing market to the student-loan industry.
To encourage lenders to remain in the federal program, the law allows the secretary of education to buy loans that lenders have struggled to sell to investors. The law also clarifies that the Education Department has the authority to advance federal funds to guarantee agencies, so those agencies could make loans, if necessary, under a “lender of last resort” system.
The law will ease the process of applying for a student loan under such a system, allowing the secretary to designate emergency lenders of last resort on a collegewide basis, rather than student by student. —Kelly Field
Posted on Wednesday May 7, 2008 | Permalink |Comments
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BIG WHOOP! When is the govt. begin a bali out package for STUDENTS that cannot pay off thier student loans due to the lousy economy. Working part time in a museum barily covers my basic needs. How can I ever hope to pay off my student loans?
— Dan May 8, 11:17 AM #
Learn to spell..maybe then you can find a better paying position.
— B May 8, 01:49 PM #
Student loans are best viewed (I believe) as an investment in a student’s future career-long earning potential. One of the careers we looked at demonstrated that a student, earning at an average annual income of $40K over the length of their work life earn $2.00 for every $.01 of tuition paid.
That’s a deal!
cg
— CSG May 8, 02:40 PM #
If you have only a liberal arts B.A., good luck finding a job which pays $40k!
— DM May 8, 03:02 PM #
Hey, Big Whoop. I do not recall a guarantee of employment when I accepted my loan. Your “bail out” plea translates to I have to pay my obligation and yours, as well. That’s not going to happen. Patience.
— davidk May 9, 12:51 PM #