Private-college presidents often draw scrutiny for their hefty compensation packages, but most of them have a ready comeback: I could make a lot more money in the corporate world.
Manipal Global Education Services, the Rs 1,200 crore higher education major, is looking to spin off its overseas arm into a separate entity. The overseas arms with operations in Malaysia, Nepal, Antigua and Dubai contribute as much as 55 per cent to the revenues and this will be the precursor to raising $100 million through the private equity route in the overseas arm.
Eight Democratic senators are urging the U.S. Department of Education to investigate the tactics they say some for-profit colleges use to artificially lower the rate at which their former students default on federal student loans.
Compensation for private college presidents has continued to drift upward, while the number crossing the $1 million barrier – a signal of prestige, and a magnet for criticism – held steady at 36, according to a new survey.
Donald Farish, president of Roger Williams University in Bristol, R.I., always wanted higher education to become a major issue in a national election. He didn't mean unaffordable tuition rates. "Be careful with what you wish for," he said.
For the second straight year, the chief executives of 36 private U.S. colleges or universities earned more than $1 million in 2010, according to an annual study by the Chronicle of Higher Education.
Last year, leading lights in for-profit and nonprofit higher education convened in Washington for a conference on private-sector innovation in the industry. The national conversation about dysfunction and disruption in higher education was just heating up, and panelists from start-ups, banking, government, and education waxed enthusiastic about the ways that a traditional college education could be torn down and rebuilt—and about how lots of money could be made along the way.
Private schools still dominate university offers in Victoria despite the Gillard government's massive increase in places, with 85 per cent of applicants securing an offer compared with 71 per cent for government schools.
The American Association of University Professors has issued an open letter expressing "growing concern" about academic and personal freedoms at a controversial new liberal-arts campus in Singapore founded jointly by Yale University and the National University of Singapore. It is yet another demonstration of the unease among many academics with American universities' global ambitions.
The debate about academic freedom at the new Yale-National University of Singapore (NUS) liberal arts college has continued unabated, with Singaporean opposition politicians and American university professors adding their voices to the barrage of criticism of the venture.
The Triad’s long-established private universities continue to invest heavily in new facilities, at the same time the Triad now hosts two new private schools, South University and Virginia College.
In a previous op-ed (India fails test of 'knowledge economy', Asia Times Online, November 30, 2012), I drew attention to what can be called a "research deficit" in India's higher education. In it, I mentioned a study by Thomson Reuters according to which India produced only 3.5% of the global research output in 2010 and its contribution in most disciplines - including mathematics and computer science - was lower than its overall average.
In a sudden development, the Maharashtra government has dropped the plan to introduce a special act to regulate private universities, which are expected to come up in large numbers. This sudden U-turn by the government came even though the cabinet had cleared the bill by the state higher and technical education department on December 13.
Will the 13 proposed private universities do what the professional colleges did for Karnataka? Both the government and the academics vouch for the need to have private sector participation in higher education and welcome the state legislature's nod to have 13 new private universities in the state. Presently, the state has two private varsities, the Alliance University and Azim Premji University.
Chile’s Justice Minister Teodoro Ribera resigned on Monday amid allegations he has ties to a former director of the country’s accreditation committee, or CNA, which improperly authorized some universities to operate.