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Image: Iowa Wesleyan University is closing, citing rising costs, shifting enrollment trends, declining fundraising and the governor’s rejection of a proposal for federal COVID-19 relief funds. ” Outside observers have criticized IWU for placing blame on the governor’s office.
The competition for revenue and wealth began 130 years ago among elite colleges and universities that devised now-conventional practices such as annual alumni funds , national fundraising campaigns and aggressive endowment investing.
For instance, states historically have provided significantly more financial assistance than the federalgovernment 65 percent on average from 1987 to 2012 — to postsecondary institutions and students. The streams of governmental support have varied over time as The Pew Charitable Trust s noted. So what does that look like?
Although the pandemic has negatively impacted enrollment across the world of higher education, the drops for minoritized men at communitycolleges have been especially precipitous. They discussed their ideas Thursday at a panel co-sponsored by CCEAL and the Association of CommunityCollege Trustees.
Of the nearly $50 billion of federalgovernment annual awards in research and development, less than 0.5%, or about $400 million, is awarded to all HBCUs combined,” said Trent. These include enrollment management, student success, fundraising and endowment, infrastructure, technology, and facilities; and academic program relevance.
Meanwhile, admissions to the more selective institutions became much more competitive and the market for students became less local, but students from lower-income backgrounds were increasingly concentrated in the colleges with the fewest resources.
Worked for two presidents there as the deputy chief of staff, did brief stints in federalgovernment and state government, but higher ed’s, my love higher ed is the industry that I am really invested in because it changed my life and it’s work I really love doing. [00:34:48] It’s just all about fundraising.
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