© Provided by Quartz
A crowd of students walk along a tree-lined walkway at UCLA in 2009.
For American universities, the pandemic has disrupted everything from classes to dorm life to the bottom line.
Undergraduate enrollment continued to fall in 2021, according to a report by education nonprofit National Student Clearinghouse Research Center (NSCRC.) The research , published in November, showed the number of undergrads has fallen by nearly 8% since 2019.
Video: Stay financially smart while student loan payments are paused (WFMY-TV Greensboro)
Stay financially smart while student loan payments are paused
Click to expand
Pete Arredondo, Uvalde School District Police Chief, Placed on Administrative Leave
Pete Arredondo, , Uvalde School District Police Chief, , Placed on Administrative Leave. CBS News reports Dr. Hal Harell, superintendent of the Uvalde Consolidated Independent School District, . said Arredondo was placed on administrative leave on June 22. While Dr. Harrell said the district wanted to first investigate the police response to the mass shooting at Robb Elementary before making any decisions. Arredondo was placed on leave "because of the lack of clarity that remains" and the "unknown timing" of when the investigation will be completed. Lieutenant Mike Hernandez will serve as interim Uvalde school district police chief. Arredondo, who led the police response on the day of the mass school shooting, has been criticized over his team's failure to properly respond. Reports indicate police had an opportunity to take the gunman out within three minutes of entering the school, but they let him wreak havoc for over an hour. It has also been reported that law enforcement wasted time looking for a key to gain access to the classroom the gunman was in even though the door was unlocked. . CBS News reports that on June 21, Uvalde Mayor Don McLaughlin said no student or teacher will ever return to Robb Elementary, as it is set to be demolished
Money Talks News
Pay Disparity Between CEOs and Working Class Continues to Grow Wider
Pay Disparity Between, CEOs and Working Class, Continues to Grow Wider. Business Insider reports that America's lowest-paying companies have been providing massive paychecks to their CEOs. . Business Insider reports that America's lowest-paying companies have been providing massive paychecks to their CEOs. . Meanwhile, cost of living for workers continues to rise. . According to a study by the Institute for Policy Studies, the disparity between CEOs and workers widened in 2021. According to a study by the Institute for Policy Studies, the disparity between CEOs and workers widened in 2021. In 2021, top executives earned 670 times more than workers, an increase from 2020 when they only made 604 times more. In 2021, top executives earned 670 times more than workers, an increase from 2020 when they only made 604 times more. At 49 of the 300 companies IPS looked into, the CEO-to-worker pay ratio , was over 1,000-to-one. Those companies include , Amazon and McDonald's. Those companies include , Amazon and McDonald's. According to the Economic Policy Institute, CEO compensation has grown 1,332%, between 1978 and 2020. Over the same period of time, average worker pay , rose by just 18%. . Despite pay raises in response to the Great Resignation, median pay for workers has been unable to keep up with rapidly rising inflation. CEOs are being paid hundreds of times more than their average worker, whose wages haven't changed in years. , Ed Markey, Junior United States senator from Massachusetts, via Business Insider. CEOs are being paid hundreds of times more than their average worker, whose wages haven't changed in years. , Ed Markey, Junior United States senator from Massachusetts, via Business Insider. It is a national disgrace, Ed Markey, Junior United States senator from Massachusetts, via Business Insider
Money Talks News
Supreme Court Rules Against Religious Exclusion From Maine's Tuition Assistance Program
Supreme Court Rules Against , Religious Exclusion From Maine's , Tuition Assistance Program. On June 21, the Supreme Court ruled that religious schools in Maine cannot be excluded from the state's tuition assistance program. . CNN reports that the state program allows parents in Maine to use vouchers to enroll their children in public or private schools. Maine’s ‘nonsectarian’ requirement for its otherwise generally available tuition assistance payments violates the Free Exercise Clause of the First Amendment, Chief Justice John Roberts, via CNN. Maine’s ‘nonsectarian’ requirement for its otherwise generally available tuition assistance payments violates the Free Exercise Clause of the First Amendment, Chief Justice John Roberts, via CNN. Regardless of how the benefit and restriction are described, the program operates to identify and exclude otherwise eligible schools on the basis of their religious exercise, Chief Justice John Roberts, via CNN. Regardless of how the benefit and restriction are described, the program operates to identify and exclude otherwise eligible schools on the basis of their religious exercise, Chief Justice John Roberts, via CNN. According to CNN, the ruling by the conservative court expands religious liberty rights and brings religion into public life. Critics say the decision amounts to an erosion of the , separation of church and state. Justice Stephen Breyer, who voted against the measure, wrote that the court had , “never previously held what the Court holds today, namely, that a State must (not may) use state funds to pay for religious education as part of a tuition program designed to ensure the provision of free statewide public school education.”. Justice Stephen Breyer, who voted against the measure, wrote that the court had , “never previously held what the Court holds today, namely, that a State must (not may) use state funds to pay for religious education as part of a tuition program designed to ensure the provision of free statewide public school education.”. In response, Justice John Roberts emphasized that , "the state pays for tuition for certain students at private schools – so long as they are not religious.”. That is discrimination against religion, Chief Justice John Roberts, via CNN. Justice Sotomayer, who also voted against the majority, accused the conservative court of dismantling , “the wall of separation between church and state that the Framers fought to build.”
Money Talks News
UP NEXT
Most colleges make money from some combination of tuition, donations, athletics, and government funding. In recent years, tuition and fees have made up a larger proportion of colleges’ revenue, accounting for an average of 20% of the budget for public institutions to 91% for for-profit institutions in 2018. Fewer undergraduates, then, could shrink that pot of money, tipping colleges’ already strained budgets into the red.
The exorbitant cost of a college education, which seemed even less worthwhile during the pandemic, is one of the main reasons why students aren’t enrolling. Many colleges didn’t increase tuition for the 2021-2022 school year as some classes continued online and universities acknowledged the financial insecurity the pandemic has caused. But as costs for facilities and staff continue to rise and government funding continues to drop , that freeze is unlikely to continue .
However, the NSCRC report also showed some promising news for budget-conscious institutes of higher learning: Graduate enrollment increased by about 2% between 2019 and 2021. Though that may not be enough to make up for the shortfall caused by a lack of undergrads, grad students' tuition is an increasingly important part of colleges' revenue—possibly to the students' detriment . Some pricey graduate degrees don't improve students' prospects for high-paying jobs.
Quartz
12/27/2021
© Provided by Quartz
A crowd of students walk along a tree-lined walkway at UCLA in 2009.
Pete Arredondo, Uvalde School District Police Chief, Placed on Administrative Leave Pete Arredondo, , Uvalde School District Police Chief, , Placed on Administrative Leave. CBS News reports Dr. Hal Harell, superintendent of the Uvalde Consolidated Independent School District, . said Arredondo was placed on administrative leave on June 22. While Dr. Harrell said the district wanted to first investigate the police response to the mass shooting at Robb Elementary before making any decisions. Arredondo was placed on leave "because of the lack of clarity that remains" and the "unknown timing" of when the investigation will be completed. Lieutenant Mike Hernandez will serve as interim Uvalde school district police chief. Arredondo, who led the police response on the day of the mass school shooting, has been criticized over his team's failure to properly respond. Reports indicate police had an opportunity to take the gunman out within three minutes of entering the school, but they let him wreak havoc for over an hour. It has also been reported that law enforcement wasted time looking for a key to gain access to the classroom the gunman was in even though the door was unlocked. . CBS News reports that on June 21, Uvalde Mayor Don McLaughlin said no student or teacher will ever return to Robb Elementary, as it is set to be demolished
Money Talks News
Pay Disparity Between CEOs and Working Class Continues to Grow Wider Pay Disparity Between, CEOs and Working Class, Continues to Grow Wider. Business Insider reports that America's lowest-paying companies have been providing massive paychecks to their CEOs. . Business Insider reports that America's lowest-paying companies have been providing massive paychecks to their CEOs. . Meanwhile, cost of living for workers continues to rise. . According to a study by the Institute for Policy Studies, the disparity between CEOs and workers widened in 2021. According to a study by the Institute for Policy Studies, the disparity between CEOs and workers widened in 2021. In 2021, top executives earned 670 times more than workers, an increase from 2020 when they only made 604 times more. In 2021, top executives earned 670 times more than workers, an increase from 2020 when they only made 604 times more. At 49 of the 300 companies IPS looked into, the CEO-to-worker pay ratio , was over 1,000-to-one. Those companies include , Amazon and McDonald's. Those companies include , Amazon and McDonald's. According to the Economic Policy Institute, CEO compensation has grown 1,332%, between 1978 and 2020. Over the same period of time, average worker pay , rose by just 18%. . Despite pay raises in response to the Great Resignation, median pay for workers has been unable to keep up with rapidly rising inflation. CEOs are being paid hundreds of times more than their average worker, whose wages haven't changed in years. , Ed Markey, Junior United States senator from Massachusetts, via Business Insider. CEOs are being paid hundreds of times more than their average worker, whose wages haven't changed in years. , Ed Markey, Junior United States senator from Massachusetts, via Business Insider. It is a national disgrace, Ed Markey, Junior United States senator from Massachusetts, via Business Insider
Supreme Court Rules Against Religious Exclusion From Maine's Tuition Assistance Program Supreme Court Rules Against , Religious Exclusion From Maine's , Tuition Assistance Program. On June 21, the Supreme Court ruled that religious schools in Maine cannot be excluded from the state's tuition assistance program. . CNN reports that the state program allows parents in Maine to use vouchers to enroll their children in public or private schools. Maine’s ‘nonsectarian’ requirement for its otherwise generally available tuition assistance payments violates the Free Exercise Clause of the First Amendment, Chief Justice John Roberts, via CNN. Maine’s ‘nonsectarian’ requirement for its otherwise generally available tuition assistance payments violates the Free Exercise Clause of the First Amendment, Chief Justice John Roberts, via CNN. Regardless of how the benefit and restriction are described, the program operates to identify and exclude otherwise eligible schools on the basis of their religious exercise, Chief Justice John Roberts, via CNN. Regardless of how the benefit and restriction are described, the program operates to identify and exclude otherwise eligible schools on the basis of their religious exercise, Chief Justice John Roberts, via CNN. According to CNN, the ruling by the conservative court expands religious liberty rights and brings religion into public life. Critics say the decision amounts to an erosion of the , separation of church and state. Justice Stephen Breyer, who voted against the measure, wrote that the court had , “never previously held what the Court holds today, namely, that a State must (not may) use state funds to pay for religious education as part of a tuition program designed to ensure the provision of free statewide public school education.”. Justice Stephen Breyer, who voted against the measure, wrote that the court had , “never previously held what the Court holds today, namely, that a State must (not may) use state funds to pay for religious education as part of a tuition program designed to ensure the provision of free statewide public school education.”. In response, Justice John Roberts emphasized that , "the state pays for tuition for certain students at private schools – so long as they are not religious.”. That is discrimination against religion, Chief Justice John Roberts, via CNN. Justice Sotomayer, who also voted against the majority, accused the conservative court of dismantling , “the wall of separation between church and state that the Framers fought to build.”
Quartz
