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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
Connecticut Public Colleges Lose 200 Professors to Early Retirement
Administrators are scrambling to plug holes in their course schedules for fall, with most expecting to do so by hiring more adjuncts or increasing class sizes.
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.
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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July 3, 2008
U. of Chicago Students Scramble After Lender Pulls Out
The University of Chicago is offering cash advances and other assistance to thousands of its graduate students after losing one of its major lending partners, the Illinois Student Assistance Commission.
The state-chartered commission has found itself unable to renew its line of credit, due to the current economic conditions, the Chicago Tribune reported today. That’s forced an end to its “school as lender” relationship with the university, leaving some 3,000 students, or about a third of its graduate enrollment, suddenly needing a new lender, the newspaper said.
“The majority of our students will be able to get loans from other providers,” the university’s dean of students, Kimberly Goff-Crews, told the Tribune. But, she said, “they will probably have to pay fees.”
School as lender is an option in which graduate schools lend money directly to their students, then quickly sell the loans to a partner loan company for a profit. The federal government has already been phasing out the program, in response to concerns that it constitutes an improper kickback to colleges by lenders to the disadvantage of the students.
University of Chicago officials have said that students who have difficulties finding new loans before the start of the fall semester can obtain a cash advance from the university to cover living expenses, the Tribune reported. —Paul Basken
Posted on Thursday July 3, 2008 | Permalink |Comments
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Federal law requires that net proceeds from School as Lender be used for need-based student grants. It is hard to see how such student grant money is “an improper kickback to the colleges by lenders to the disadvantage of students”.
— questioning Jul 3, 04:24 PM #