CPAs and Advisors with Your Growth in Mind

Report Recommends Improving Educational Quality at Colleges

The American Academy of Arts and Sciences has issued a study calling for improved educational quality to help college students excel in the 21st century. In its report, “The Future of Undergraduate Education, The Future of America,” the academy proposes a three-part strategy that ensures first-rate learning experiences, increased completion rates and reduced inequities among higher institutions, and controlled college expenses. While the academy believes technology will help boost educational quality, it anticipates some of its goals could take decades to accomplish. More on the American Academy of Arts and Sciences report is available on the Inside Higher Ed website.

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Federal Student Aid Changes Proposed

The House Committee on Education and the Workforce has released a proposal to significantly change how the U.S. government distributes student aid. Announced last week as the Promoting Real Opportunity, Success and Prosperity through Education Reform Act, the plan involves deregulating and restricting oversight of portions of federal aid programs. Proposed changes include simplifying student aid options, eliminating the public service loan forgiveness program, and changing the federal work-study program by distributing money to colleges based on student need. Learn more about the proposed changes to federal student aid is available on the Inside Higher Ed website.

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College Scorecard Receives an Update

The Department of Education recently updated information on the College Scorecard, a consumer tool aimed at helping students research colleges and universities. The update includes a new feature that allows data from up to 10 colleges and universities to be compared. More on the College Scorecard update is available on the Inside Higher Ed website.

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Former College President Highlights Importance of Higher Education

As doubts grow among Americans over the value of a degree, former liberal arts college president Brian Mitchell believes higher education is essential in creating productive citizens. During a session at the National Association of College and University Business Officers’ annual meeting last week, Mitchell said the case should be made to promote college as a means to educate and prepare students for career success and post-secondary education. He noted that higher education should help students become articulate and collaborative, as well as communicate and apply quantitative methods and technology. In Mitchell’s opinion, these are the qualities employers want most.. Read More.

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SACUBO Meeting Keynote Speaker Discusses Issues Facing Higher Education

Last month, Jim Ratchford , Industry Leader of Cherry Bekaert’s Education Industry Group , attended the Southern Association of College and University Business Officers’ (“SACUBO”) Annual Meeting. While at the meeting Ratchford listened to the keynote speech from Scott Jaschik of Inside Higher Education. Mr. Jaschik shared with attendees various issues currently facing higher education, some of which included the following: The Trump administration is proposing cuts to education programs, including research and work study. International students are choosing higher institutions in countries other than the U.S. Forty (40) percent of U.S. colleges and universities are reporting declines in international applications. Everyone realizes that these students are. Read More.

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