Bottom-Ranked Colleges Falling Behind Top Counterparts
An analysis of the colleges listed in The Wall Street Journal/Times Higher Education ranking reveals an alarming shift in higher education. According to the analysis, colleges closer to the bottom of the list were more likely to have lower enrollment numbers. In addition, those same colleges are having trouble keeping up with the schools near the higher end of the list. The trend leads one expert to predict that in the next five years, employers won’t value a degree from one of the poorest-ranked colleges as much as a degree from a top school. More on this analysis is available on The Wall Street Journal website.
Google Jamboard Used in Michigan Course-Sharing Program
Google has teamed with three liberal arts colleges in Michigan to test its new interactive video-conferencing product, Jamboard. The internet-connected 4K television promotes an interconnected experience among the three colleges during their pilot course-sharing program. Jamboard will allow students and instructors participating in the course-sharing to write and draw on the same whiteboard surface at the same time. Google plans to promote Jamboard to businesses but hopes educational institutions will adopt the technology. More on Jamboard is available on the Inside Higher Ed website.
Lawsuit Reveals High Price for College Consulting Services
A recent lawsuit has revealed the price some college consulting companies will charge to help students get into the school of their dreams. According to the lawsuit, New York-based private college counseling firm Ivy Coach charged a woman $1.5 million to help her daughter apply to 22 prestigious colleges and seven boarding schools she eyed for high school before applying to college. While the daughter was granted early admission to an Ivy League school, the lawsuit says the mother still owes half of the fee. Ivy Coach argues that due to the remaining balance, it has lost opportunities to engage. Read More.
College Alumni Boost Charitable Giving in 2017
According to the Council for Aid to Education’s recent Voluntary Support of Education survey, college alumni were happy to give back to their alma maters in 2017. For the fiscal year ending June 30, 2017, colleges and universities amassed $43.6 billion in charitable donations. The total is a 6.3 percent jump from 2016 and marks the highest fundraising total in the survey’s history. While foundations were the top source of voluntary support in 2017, the survey says that the 14.5 percent rise in alumni giving is responsible for most of last year’s growth. More on this survey is available on the Inside Higher Ed website.
GASB Seeks Feedback on Revenue and Expense Recognition Models
In its recently issued Invitation to Comment, Revenue and Expense Recognition, the Governmental Accounting Standards Board (“GASB”) requests feedback on a new revenue and expense recognition model. This comprehensive model would help state and local governments address various transactions and improve their comparisons of transaction accounting and reporting. The model will also provide financial report users more insightful information for making decisions and evaluating accountability. The Invitation to Comment discusses the following two models: Exchange/Nonexchange Model: This model’s classification process is based on the current definition of exchange transactions. The model’s recognition process would rely on current guidance for nonexchange. Read More.
Government Could Shut Down Again Thursday
With the current stopgap spending bill expiring in two days, Congress is scrambling to avoid another government shutdown. The House will vote today on another short-term continuing resolution that would fund the government until Thursday, March 22. Lawmakers continue to negotiate on a budget for the 2018 fiscal year, but disagreements exist regarding proposed increases in defense, non-defense, and infrastructure spending. Other budget disputes involve funding for Dreamers/Deferred Action for Childhood Arrivals (DACA), hurricane and wildfire emergencies, and community health centers. No agreements have been reached on such matters. Meanwhile, the White House wants anomalies (i.e., additional funding) included in. Read More.