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News: Budget Cutting Strategies Reviewed - Inside Higher Ed
'Raising tuition hasn’t proven the panacea for public universities, the survey notes. While more than 90 percent of all responding institutions raised tuition and fees, half of those surveyed said education revenues -- the sum of net tuition dollars and state appropriations -- still declined. Consequently, universities have reduced services that benefit students even as they’ve required them to pay more. Indeed, 55 percent said student support services were “harmed” by state cuts, and 54 percent said their ability to maintain academic programs and course offerings had been hampered by the reductions.'
News: Insult to Injury - Inside Higher Ed
'With the academic year in full swing, 26 states have now seen budget shortfalls that total $16 billion, according to the Center on Budget and Policy Priorities. Adding the initial and midyear budget shortfalls together, the collective budget gaps in 48 states total $178 billion or 26 percent of state budgets -- the largest gaps on record, the center reports.'
Some States Substitute Stimulus Dollars for Their Own Education Aid - Government - The Chronicle of Higher Education
'A provision in this year's economic-stimulus law aimed at preventing states from cutting their education budgets may be having the opposite effect, according to a new memorandum by the Education Department's Office of Inspector General.
Under the law's "maintenance of effort" requirement, states that receive a share of the law's $54-billion in education aid must provide as much money for education in each fiscal year through 2011 as they did in the 2006 budget year. Struggling states that can show they are spending the same percentage of revenue on education as they did in the previous year can apply for a waiver from the requirement.'
College graduates hit hard during recession - JSOnline
'Amid worse-than-expected job losses and an unemployment rate that hit 9.8% last month, new Labor Department data Friday showed the 21-month recession is taking a greater toll on college graduates than high school dropouts.
You're still far more likely to be employed with a bachelor's degree than if you're a high school dropout. But in a telling sign of the breadth of the recession, the latest data also indicate that the numbers of unemployed jobseekers are growing fastest among Americans with higher education.'
University World News - US: California's higher education apocalypse
"The fiscal crisis in California, the world's eighth largest economy, seems destined to jeopardise the integrity - and future - of higher education in the state."
The Associated Press: States cut aid to college students as demand booms
'At least a dozen states are reducing award sizes, eliminating grants and tightening eligibility guidelines because of a lack of money. At the same time, the number of students seeking aid is rising sharply as more people seek a college education and need help paying the tuition bill because they or their parents lost jobs and savings during the recession.'
130,000 Illinois college students denied financial aid :: CHICAGO SUN-TIMES :: News
'What's more, under the state budget compromise reached earlier this month, which slashed funding for the state's Monetary Award Program in half, no student at any Illinois school will receive aid for the second half of the 2009-2010 school year.'
News: Higher Ed Groups in Survival Mode - Inside Higher Ed
'Many reported that over the last year, they have curbed their spending, seen a drop in conference attendance, and scaled back their programs and staff. The extent of the damage varies from significant to small, but on the whole, the losses add up to a shrinking resource in postsecondary education.'
News: No Vacancy - Inside Higher Ed
'As a result of unprecedented student demand and a dwindling state budget, small classes have become a thing of the past. Sections at American River with fewer than 22 students have been eliminated, and professors are expected to pack as many students into their classes as the building’s fire code will allow.'
California's Crisis Hits Its Prized Universities - TIME
'UC Berkeley will see recruitment of faculty drop from the normal 100 positions a year to 10. At 28,000-student UC San Diego, also ranked with Berkeley and UCLA among the world's top 20 research universities, recruitment has been halted. More than 300 UC scientists have issued a white paper warning Schwarzenegger that the sharp reduction endangers the 10-campus system's position as the premier public university in the United States and could have a negative impact on California's future economic growth. According to UC officials, the cut in state funding brings the "amount of state investment in the University down to $2.4 billion — exactly where it was in real dollars a decade ago." During the same time period, spending on state prisons has more than doubled to $11 billion.'
News: Defining Moment - Inside Higher Ed
"The California Faculty Association, which represents 23,000 faculty members, from part-time lecturers to tenured professors, will finish voting Monday on whether to take as many as 24 unpaid furlough days to help fill the university’s $584 million or 20 percent state budget gap. A “no” vote is sure to spell significant layoffs, but faculty complain there’s no guarantee the furloughs will preserve all jobs, either."
Harvard pres.: School has tough choices in decline - Yahoo! News
"Drew Gilpin Faust started as Harvard's president when the university's prosperity seemed limitless. With its ballooning wealth, Harvard planned almost frenzied growth, from a building boom into Boston to vast increases in student financial aid."
AL Inside Scoop » This Just In-Again
"Well, the ante has risen again on what constitutes a newsworthy library crisis. This month, American Libraries is following the quest for stable library funding at the state level in New Jersey, Minnesota, Pennsylvania, California, and Connecticut-with no telling where else red ink may run. New Jersey legislators are considering a bill backed by a municipal league to halve a barely sufficient third-of-a-mill funding formula only a year after the library community averted a similar attempt. Pennsylvania lawmakers have before them a choice of slashing state library aid by 50% or 5%; the state library association is willing to consider it a victory to retain FY2009 funding levels. In California, the May 19 defeat of five ballot initiatives has created budget chaos for public, academic, and school libraries as Gov. Arnold Schwarzenegger looks to balance the state books by taking back some local aid amid other cuts."
AUCC: Public statements on members’ economic situation, May 20, 2009
"The AUCC secretariat has compiled public statements made by our members concerning their institution’s economic situation and regional media coverage of this issue."
UW To Absorb 12% Cut; Michigan Offers Buyouts - 6/4/2009 - Library Journal
"So the libraries will lose $215,500 for operations, $1.48 million for materials, and $1.94 million in personnel, with 30 positions eliminated through vacancies and retirements, plus an unspecified number of layoffs."
Stanford University Libraries Cut 15%, Lose Staff, Hours, Materials Budget - 6/18/2009 - Library Journal
"SUL has lost 58 full-time positions, with 32 layoffs and 26 vacant positions eliminated. Other cost-cutting actions include reducing the materials budget; closing Green Library at 1 a.m.; eliminating patron outreach programs, including the semi-annual magazine Imprint; and eliminating most staff travel. The Physics Library will close in the summer of 2010 and transfer its holdings to two other locations."
Private schools pinched -- Page 1 -- Times Union - Albany NY:2975:
"The financial outlook for private colleges and universities will become increasingly bleak if enrollment and endowments continue to dip, according to the report just released by Moody's Investors Services, a credit ratings agency. Moody's issued a negative outlook for 55 universities and downgraded another 20, which can raise the cost of borrowing."
Reports: Bleak state budgets through 2011
"Even if the national recession ends this year as many predict, state budgets will likely be in the red for the next two years, with budget gaps topping $230 billion as tax collections of sales, personal and corporate income lag, two new reports show."
News: California Calamity - Inside Higher Ed
"The state’s 110 two-year institutions will lose about $825 million in funding over the next 13 months, said Scott Lay, president of the Community College League of California. He added that, of this large cut, $200 million will be trimmed in the next 45 days. This drastic funding cut comes thanks to the defeat of a series of budget proposals, on the ballot of Tuesday’s special election, which would have minimized cuts to public higher education and other state agencies."
News: California Votes No
"The University of California last week noted that the governor's revised scenario for a defeat of the budget measures suggested a cut of $322 million or 10 percent for 2009-10. Because the state is already opting not to provide funds for inflationary increases or enrollment increases, both of which are significant in parts of the UC system, the total budget gap is really about $531 million, university leaders said."
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