CPAs and Advisors with Your Growth in Mind

College Freshmen Survey Reveals Political Division

Last fall’s incoming freshmen class is considered the most politically polarized in history. The latest American Freshman Survey revealed that over 42 percent of first-year college students said they were “middle-of-the-road” on political matters. This percentage marks the lowest percentage of moderate students in the survey’s history. In addition, 35.5 percent of students said they were either liberal or far left, while around 22 percent identified as conservative or far right. Over 137,000 full-time college freshmen took part in the survey. More on the American Freshmen Survey is available on Inside Higher Ed.

Topics: ,

Purdue Unexpectedly Acquires Kaplan University

In a surprising move Thursday, Purdue University purchased for-profit school Kaplan University for $1. The deal allows the Indiana-based school to acquire most of the credential-issuing portion of Kaplan’s higher education business. An estimated 32,000 students and 15 campus locations will be impacted by the acquisition, and Purdue says the new university will not receive state funds. While some experts believe Purdue will increase its access to students, others are concerned over the school taking on Kaplan’s reputation for questionable student recruiting practices and credentials. More on Purdue’s acquisition of Kaplan University is available on Inside Higher Ed. Also check out Cherry Bekaert’s Education Group for details on how. Read More.

Topics: , ,

What Happened to Higher Education Support in Illinois?

While the majority of states witnessed an increase in public higher education support last year, the state of Illinois experienced a significant drop. A report by the State Higher Education Executive Officers Association revealed that educational appropriations for a full-time student in Illinois plunged 80 percent, from $10,986 to $2,196. In addition, public institution enrollment decreased by 11 percent. The decreases are being contributed to state lawmakers unable to agree on a budget and approving pared-down stopgap funding measures. More on the State Higher Education Executive Officers report is available on Inside Higher Ed.

Topics: ,

Duke Study Reveals Legislator-State Funding Relationship

Duke University’s Fuqua School of Business has uncovered a relationship between higher education state funding and legislators who attended public institutions in their states. According to the school’s study, every legislator that attended an in-state public university helps add $3.5 million in funding. In addition, the study discovered that the relationship has strengthened since the Great Recession, especially among legislators representing districts where their alma maters reside. More on Duke University’s study of legislator school ties and state funding is available on Inside Higher Ed.

Topics: , ,

Coastal Carolina Investigating Possible Phishing Scam

An investigation is underway to help Coastal Carolina University (“CCU”) recover money stolen through a possible phishing scam. The university discovered that scam artists masqueraded as vendors under contract with Coastal Carolina to pocket more than $1 million over two incidents. During the first incident, an individual claiming to be a vendor representative emailed CCU financial services and asked to change the vendor’s bank account information, and had around $839,000 wired to their account. Per the investigation, the scam artists are highly skilled and could be located in the U.S. and internationally. Click here for more about Coastal Carolina University’s investigation.

Topics: , , , ,

Harvard Ordered to Release Donor’s Financial Information

A federal judge has ordered Harvard University to release any financial information it possesses on entrepreneur Charles Spackman. The decision is in response to a lawsuit filed by investor Sang Cheol Woo to collect a judgment from Spackman, one of Harvard’s wealthiest donors. The Woo ruling could impact the money Harvard previously received from Spackman, and the school could be sued if a fraudulent transfer took place. More on the Harvard ruling is available at the Nonprofit Quarterly website.

Topics: ,