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Glenn Gabbard

Incentivizing Faculty Retirement - 3 views

From Higher Ed Impact: Weekly Analysis from Academic Impressions, August 19, 2010 Daniel Fusch, Academic Impressions Recent news has highlighted how the economy is making aging f...

faculty retirement reward structures

started by Glenn Gabbard on 20 Aug 10 no follow-up yet
Sandra Jordan

Article from Change on Financial Strategies for Higher Ed - 1 views

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    Breaking Bad Habits: Navigating the Financial Crisis by Dennis Jones and Jane Wellman The "Great Recession" of 2009 has brought an unprecedented level of financial chaos to public higher education in America. Programs are being reduced, furloughs and layoffs are widespread, class sizes are increasing, sections are being cut, and students can't get into classes needed for graduation. Enrollment losses upwards of several hundred thousand are being reported-and only time will tell whether the situation is even worse. Reports of budget cuts in public institutions in the neighborhood of 15 to 20 percent (Pennsylvania, Virginia, New York, Florida, and California) are becoming common. Halfway through the 2009-2010 fiscal year, 48 states were projecting deficits for 2011 and 2012 (NASBO, 2009). Although states are reluctant to raise taxes, they evidently have less of a problem letting tuitions go up. And up they are going-California, Oregon, Washington, New York, Wisconsin, and Florida announced increases ranging from 10 to 33 percent. The normally tuition-resistant Florida legislature has authorized annual increases in undergraduate tuitions of 15 percent per year until they reach national averages for public four-year institutions. Around the country, the increases are setting off student protests reminiscent of the 1960's, variously directed at campuses, system boards, legislatures, and governors-complete with reports of violence and arrests. The New Normal Higher education has been through tough times before. The pattern of the last two decades has been a zigzag of reductions in state funds for higher education during times of recession, followed by a return to revenue growth about two years after the state coffers refill. But resources have not returned to pre-recession levels. So the overall pattern has been a modest but continuous decline in state revenues. Caption: Percent Change in Appropriations for Higher Education, 1960-2006
George Mehaffy

Tenure's Dirty Little Secret - Commentary - The Chronicle of Higher Education - 0 views

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    "January 1, 2012 Tenure's Dirty Little Secret Tenure's Dirty Little Secret 1 Tim Foley for The Chronicle Enlarge Image By Milton Greenberg It seems that tenure is always in the news. Long an article of faith for most faculty members, tenure is being put on the defensive almost everywhere, including within the academy itself. During the past decade, the numbers of tenured and tenure-track professors have sharply declined from nearly one-half of the faculty to about one-third. Most courses in four-year colleges and universities as well as community colleges are now taught by contingent faculty, including part-time adjuncts, graduate students, and holders of full-time nontenure-track positions. Does anyone care? Tenure is rooted in the American Association of University Professors statement on academic freedom and tenure that for many faculty members has become tantamount to religious dogma, impervious to forces of change, regardless of source. The dogma is that the common good is served by the free pursuit of truth under the principles of academic freedom, buttressed by the lifetime job security of tenure. While an individual's tenure may be revoked for cause, this rarely used action is protected by extraordinary and lengthy procedural requirements equivalent to a trial. If tenure is so vital, why is it on the defensive and, in fact, seriously losing ground? Where is the public outrage? There is none outside the confines of higher education, and even there it is hardly universal. Three factors are in play. First, the large expansion of higher education in the United States during the past 50 years has stripped the academy of its mystery as a cloistered monastery. The curtain has been opened, revealing the meaning and consequences of the tenure system. As with any dogma, religious or secular, once its status as truth is questioned and its claims considered dubious, true believers are left with a leap of faith. Second, colleges-public and private-are firmly e
George Mehaffy

Adult education: America needs to improve its options for adult education - baltimoresun.com - 0 views

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    "Adult education for the 21st century Too many are unable to make the leap from community college to a four-year degree By Susan C. Aldridge July 6, 2010 I have had the pleasure of handing diplomas to some unusual people at commencement. Still, it was startling to see the child walk toward me. He was 9. He looked younger. He wasn't accepting the diploma for himself, of course. It was for his dad, on active duty in Iraq. He'd sent his son, living on a base in Germany, to get it for him. "Congratulations," I said. He and his dad deserved it. At University of Maryland University College (UMUC), our graduates are America's adult learners. Almost all work full time. Half are parents. Their diplomas often reflect the work, sacrifice - and triumph - of an entire family. The personal achievements of our students, though, are the exception rather than the rule. They highlight a national problem. UMUC graduates often begin studying at the "unsung heroes" of higher education: America's community colleges. But each year, thousands of community college students who want to earn a bachelor's degree - particularly those from modest-income or minority families - cannot continue. America's four-year colleges don't accommodate them. This is not just a tragedy for them. It is a tragedy for our nation. Researchers estimate that baby boomer retirements will soon leave our workforce 14 million shy of the number of four-year degree recipients we need. What stands in the way? First, cost. Students paying about $2,500 a year for community college tuition cannot always afford the $7,000 average for public universities, much less the $26,000 average for private institutions. And there are other obstacles. Four-year colleges and universities often reject credits from transfer students. They schedule courses at challenging times for students who work. Sometimes they cannot even provide enough parking spaces for people rushing from work to class. When it comes to higher educat
George Mehaffy

News: Holding Presidents Accountable for Learning - Inside Higher Ed - 1 views

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    "Holding Presidents Accountable for Learning September 23, 2010 In an uncommon strategy to improve graduation and retention rates, the Board of Regents of the University System of Georgia summoned the presidents of its 35 colleges and universities, one by one, to account for problems at their institutions and present three-year plans outlining how they hope to boost the measures of student success. The systemwide challenge was issued earlier this year by Willis J. Potts, Jr., the straight-talking chairman of the Board of Regents and retired paper industry executive. "We have a funding system here in Georgia that financially rewards institutions based on [enrollment] growth," Potts said. "Having been in manufacturing, I know the factor that needs to be studied is what kind of finished product is coming out the other end. Less than 60 percent of the students in our system graduate within a six-year period. I know of no other process that would achieve 60 percent [success] and go out and brag about it." Reflecting on this, Potts said, he and his colleagues were driven to find out what was holding the system's institutions back. So they went straight to the top - at each institution."
George Mehaffy

Finance: A Reset for Higher Education - Almanac of Higher Education 2010 - The Chronicle of Higher Education - 0 views

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    August 22, 2010 A Reset for Higher Education By Joni E. Finney Many of us have seen trouble coming for a long, long, time. Did we really believe that endowment growth, state support, and tuition dollars could or would provide an unchecked revenue stream, tempered only by short downturns in the economy, followed by fairly quick recoveries? Did we really believe that we could expand administrative structures and shortchange instruction, but still maintain quality institutions? Did we think that poor completion rates and the achievement gaps between whites and minority groups could be solved only with more money? Did we honestly believe that expensive amenities and increased financial aid for upper-middle-class and wealthy students could be sustained? Of course not. To understand what needs to be done now-a "reset" in higher education-we need to first understand the changes pressuring our enterprise: deficits, demographics, and demand. States' structural deficits, or the gap that occurs when states fail to tax new types of economic activity, have been documented for years. A previously good economy permitted states to postpone those problems, but now, state leaders must revise their tax structures to generate more revenue. The most optimistic economic projections say the recession may end in 2013. Even then, states will be hard-pressed to return to the status quo in terms of appropriations. IN THE RIGHT COLUMN: Charts and Graphics on Finance BROWSE THE ALMANAC: More Statistics and State-by-State Profiles Many in higher education lament states' "disinvestment." The problem is much more complex. States have been reliable partners in financing higher education. While enrollments grew, state support also grew, by 24 percent from 2005 to 2008, followed by a decline of 1.7 percent from 2008 to 2010. At the same time, the federal government spent $6.6-billion in 2009-10 under the stimulus bill for states, an amount that increases to $23-billion once federal
George Mehaffy

Next - The Chronicle of Higher Education - 0 views

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    "The Self-Absorbed Higher-Education System October 6, 2011, 10:29 pm By Jeff Selingo American academics often like to talk about how the higher-education system in the United States is the best in the world. I'm not quite sure how this status is determined-especially given our declining position in the OECD rankings-but we seem to have adopted the belief that the problems in the U.S. education system reside in elementary and secondary schools, not on college campuses. Perhaps it's just a sign of the times in which we live. Modesty, it seems, is out of style. In a thought-provoking talk at the Washington Ideas Forum this week, the New York Times columnist David Brooks maintained that we live in an era of "expanded conception of self." That attitude, he believes, results in the trends we have witnessed in recent years toward increased consumption, polarization, and risk. "We have moved from a culture of self-effacement to one of self-expansion," Brooks said. In some ways, the Brooks lecture was a fitting endnote to a conversation earlier in the day at the forum where I gathered with a dozen education, business, and think-tank leaders for a spirited discussion of the state of the American higher-ed system. After two hours of talking, there was no more agreement on how to improve the system than when we had walked into the room. Indeed, the diversity of constituencies represented in the room couldn't even settle on what the system should be doing. (That was despite the best efforts of the moderator, Clive Crook, who as a Brit admitted at the outset how confusing and complex the U.S. higher-ed system is.) Higher ed is feeling good about itself these days because it remains in demand. Why offer classes at more convenient times when you're getting a record number of applicants? Why hold the line on rising costs when students are willing to take on more debt? Why collect better job-placement data to provide to prospective students when they're
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