Posted inEducation, Higher Education

Merit Scholarships: Rob from the Poor, Give to the Rich?

Michigan Lt. Gov. John Cherry proposed refunding the recently eliminated Michigan Promise scholarship program through a tax on bottled water companies. Cherry said a tax of 10 cents a bottle could generate $118 million per year. But University of Michigan President Mary Sue Coleman essentially rejected the idea: “Financial aid in the state of Michigan […]

Posted inEducation, Higher Education

College Endowment Situation Upgraded From “Terrible” to “Bad”

The situation regarding many colleges’ endowments may not be quite as bad as expected. Despite dramatically bad news about many endowments (Stanford University, for instance, had 26 percent investment decline this year) things are looking up. Relatively. A survey of college finances indicates that college endowments decreased 19 percent in 2009. This would ordinarily be […]

Posted inEducation, Higher Education

Privatizing College

The Los Angeles Times has an interesting piece today about the continuing funding troubles at the University of California. Earlier this week the school’s president, Mark Yudof, went to the state legislature to try and convince the body that his school needed more money from the state. From the LA Times article: The state university, […]

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