Another week, another transaction involving a for-profit online college. The latest: A private-equity group is buying Northcentral University, an all-online institution founded in 1996 and now...
The lower revenue expected by a "significant minority" of such colleges could hurt their future financial strength, says a Moody's Investors Service report.
His presence on Monday at the annual meeting for the National Association of Independent Colleges and Universities here indicated that broad fears about the economy—even about aspects only tangentially related to higher education—are a top concern of college administrators.
Private colleges bolstered financial aid and decreased selectivity to help sustain enrollment in a downward economy, but a significant number still expect tuition and fee revenues to decline this year, according to a survey released today by Moody’s Investors Service.
Two and a half years after announcing the largest gift in school history, Florida Atlantic University (FAU) will have to settle for less than a third of the donation.
The fast-growing group of millionaire private college and university presidents hit a new record in recent years, and it's likely more college leaders will make seven-figure salaries once the slumping economy rebounds.
While generous compensation packages for college presidents have come under increasing public scrutiny, other university employees often earn far more.
Presidents of a number of colleges vowed in November to take a pay cut or otherwise give back part of their earnings as a way to help buffer their schools against the struggling economy.
The financial crisis that began last year has shaken higher-education systems throughout the nine states in the Northeast, totting budget cuts on public universities and shrinking the endowments of the region's many private colleges.
The article discusses fears among U.S. private colleges and universities that the state aid they receive may be among the first programs cut as states tighten their budgets. Fluctuations in state spending on private higher education are discussed, as are the types of aid, including money given directly to colleges and grants and loans to in-state students.
The article reports on a study from Moody's Investors Services showing that institutions of higher education in the United States, especially private colleges and universities, face stiff challenges in 2009 and beyond. The areas of greatest challenge were identified as increasing pressure on tuition and financial aid, losses in endowments, liquidity pressures, and volatility in variable-rate debt markets.
With tuitions, fees, and room and board at dozens of colleges now reaching $50,000 a year, the ability to sustain private higher education for all but the very well-heeled is questionable. According to the National Center for Public Policy and Higher Education, over the past 25 years, average college tuition and fees have risen by 440 percent — more than four times the rate of inflation and almost twice the rate of medical care.
The presidents of the nation’s major private research universities were paid a median compensation of $627,750 in the 2007-8 fiscal year — a 5.5 percent increase from the previous year — according to The Chronicle of Higher Education annual executive compensation survey.