US Education Secretary Betsy DeVos during a speech to corporate leaders spoke about the potential benefits of inexpensive alternatives to traditional degrees. She expressed support for ending a singular focus of high-school students to attend traditional four-year colleges rather than considering less expensive alternatives such as microcredentials.
In September, the unemployment rate among recent college graduates rose to 4%, while the overall unemployment rate stood at 3.6%, data from the New York Fed shows. The average recent graduate owes $29,2000 of the nearly $1.5 trillion in outstanding student loans according to the Institute for College Access & Success.
A Georgetown study looked at data from 4,500 schools, ranking them based on return on investment. The average economic gain for private-college graduates was $838,000 over 40 years, with graduates of public colleges and for-profit schools expected to gain $765,000 and $551,000, respectively, the data shows.
Emory University President Claire Sterk announced her plan to retire and return to teaching in August. "I'm excited about teaching at Emory again, and I'm equally excited about having more time for friends, family and travel," she said.
A number of colleges are opening up their campuses as wedding venues to earn extra money. The strategy is profitable and popular enough for some schools to have wedding specialists on staff, and some schools run multiple ceremonies a day.
As the US Supreme Court prepares to rule on whether the Deferred Action for Childhood Arrivals program can stand, their decision could affect an estimated 20,000 teachers, assistant teachers and those in the process of becoming certified teachers in districts nationwide. The ruling potentially could affect students as well, with one study finding that 4 in 10 DACA recipients are high-school or college students.
Students in Fordham University's Exploring Entrepreneurship class are using virtual reality goggles to simulate networking events and business negotiations instead of just reading about it in a book. Virtual reality technology also is used in the business school's Project Chimera, where students who aren't in the classroom can fully participate by looking around the room and working with other students using an avatar.
Counselor Jessica Kane only focuses on the college process with her students at The Young Women's Leadership School of Queens, which serves many students from immigrant and low-income families. Since 2017 Kane has worked with the College Bound Initiative that focuses on presenting college options as early as sixth grade.
Vermont lawmakers are considering whether to file a bill to require that the University of Vermont board of trustees have gender parity. The board currently consists of 19 males and six women, with three people of color.
In one of the largest-ever donations to higher education, $1 billion from the sale of Lord Corp. will be divided equally among Duke University, MIT, the University of Southern California, and the Cleveland Clinic without restrictions on how it can be used. Lord Corp., which supplies the automotive and aerospace industries, was sold to Parker-Hannifin for $3.68 billion.
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