Potential misconduct in handling student loans should prevent Navient from purchasing $3.7 billion worth of student loans from JPMorgan Chase, say current and former government officials. Former senior Department of Education official David Bergeron has urged Education Secretary Betsy DeVos to stop the deal.
Some community colleges in California are using several measures, including students' high-school GPAs, to decide if remedial classes are required. A new report found too many students are taking remedial classes and lawmakers are considering a bill that would require colleges to use multiple measures to require remediation.
Students at Maine's for-profit colleges and universities, especially female and low-income students, carry a higher debt load than their peers at state public and private nonprofit colleges, according to a new report. The data also show that just 44% of for-profit college students in the state who were not in default paid at least $1 of their loans, compared to 67% at public schools and 86% at private schools.
Finances and enrollment declines are the biggest worries on the minds of community-college presidents, according to a new survey. Some 60% of presidents say enrollment has declined over the past three years, with some reporting declines of 10% or more, while 80% say they're pressured by financial matters.
College and university IT departments can offer their diverse constituency the best service when they listen to them, but also by providing information about new technologies, writes David Hutchins of CDW•G in this commentary. Leaders should also create a system to allow students and other stakeholders to provide input on IT decisions, he suggests.
The University of Michigan has surpassed its $4 billion fundraising goal with nearly two years left in the campaign, it was announced yesterday. The campaign was boosted by several large donations, including $200 million from Stephen Ross, a New York real estate tycoon and majority owner of the Miami Dolphins.