Joy Holster

ECU News and Communication Services 1001 E. 5th St. Greenville, NC 27858 (252) 328-6481

Feb 012013
 

reflector

Jessie “Bud” Anderson Jr.

Mr. Jessie “Bud” Anderson Jr., 79, was born on June 11, 1933. He passed away on Saturday, Jan. 26, 2013. He was the son of the late Jessie Sr. and Lucy Teel Anderson.

purplearrowHe was born and raised in Pitt County. He lived in Tinton Falls and Red Banks, N.J. for a number of years. After returning to North Carolina he was employed with the City of Greenville and Blount Fertilizer Company. He later retired from the department of Environmental Services at East Carolina University, Greenville.

Bud was a man who loved people; he would strike up a conversation with anyone who crossed his path. He spent most of his days at the McDonald’s on 10th Street conversing with the staff, regular customers (whom he befriended) and of course the new faces he encountered.

He is survived by his wife, Sarah Anderson of Asbury Park, N.J.; two sons, Kenneth Anderson and wife, Pamela, of Edgewood, Md. and Jerome Anderson of Asbury Park, N.J.; five daughters, Ethel Pearl Anderson, Lezeila Anderson, Barbara Pruitt and husband, Ovester, Jessie Mae Anderson, all of Long Branch, N.J. and Delone Anderson of Neptune, N.J.; brother, Harvey Anderson and wife, Carrie, of Danbury, Conn.; two sisters, Christine Anderson and Eunice Mae Battle of Greenville; 24 grandchildren; and 25 great grandchildren.

Funeral service will be conducted at 2 p.m. Saturday, Feb. 2, 2013 at Whichard Chapel Church, Stokes. The family will receive friends at the church one hour prior to the service. All other times the family will receive friends at 3143 Cleere Court Greenville. Interment will follow at Homestead Memorial Gardens.

Arrangements by WE Flanagan Memorial Funeral Home.

via Jessie “Bud” Anderson Jr. Obituary: View Jessie Anderson’s Obituary by The Daily Reflector.

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Feb 012013
 

newyorktimes

By TAMAR LEWIN

Published: February 1, 2013

On average, investment returns on college and university endowments declined by 0.3 percent in the last fiscal year, a sharp drop from the average return of 19.2 percent in fiscal 2011, according to a study by the Commonfund Institute and the National Association of College and University Business Officers, known as Nacubo.

The returns were dragged down mostly by the dismal performance of international equities, whose returns declined by 11.9 percent, attributable in good part to the economic turmoil in Europe and the slowdown in China. Domestic stocks had an average return of 2 percent, and fixed-income assets 6.8 percent.

The study, based on data from 831 American colleges and universities with a total of more than $400 billion in endowment assets, showed more positive long-term results. Preliminary results were released in late October.

“Over the last 10 years, the average rate of return was 6.2 percent,” said John D. Walda, the president of Nacubo. “That’s a good number when you compare it with various indices.”

In the fiscal year that ended in June 2011, the average 10-year return was 5.6 percent.

The study, which includes large and small institutions, public and private, found that those with the largest endowments had the greatest returns last year. Among universities with endowments greater than $1 billion, the average return was 0.8 percent. Those with endowments of $25 million to $500 million had negative returns, and those with endowments under $25 million had a return of 0.3 percent.

Altogether, 71 institutions have endowments greater than $1 billion, and 145 have more than $500 million.

The colleges and universities in the study spent an average of 4.2 percent of their assets last year to support their operations, down from 4.6 percent the previous year. But while the spending rate had declined somewhat, the average dollars spent per institution grew by about 7 percent. Most colleges and universities have a policy of spending 4 percent to 5 percent of their average endowment value over the previous three years, so the sharp rises in endowment values in 2010 and 2011 increased the amount paid out last year.

The institutions with the largest endowments, which get a significant portion of their operating budgets from endowment spending, spent an average of 4.7 percent last year. The institutions with the smallest endowments spent slightly under 4 percent.

“The long-term goal of most endowments is to exist in perpetuity and grow with the rate of inflation,” said Verne O. Sedlacek, president of Commonfund.

To do that while paying out 4 percent to 5 percent a year, he said, would require annual returns of at least 8 percent, given that the higher education price index has been rising about 3.8 percent a year over the last decade. “Universities are still not back to where they need to be,” Mr. Sedlacek said.

via Study Confirms Drop in College Endowment Returns – NYTimes.com.

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Feb 012013
 

 East Baltimore, under renovation: Johns Hopkins University is seeking to engineer the revival of a huge swath of East Baltimore through an 88-acre project that includes the takeover of a struggling public school. Here’s a look at the neighborhood as it is now as well as at Johns Hopkins’s redevelopment plans.

East Baltimore, under renovation: Johns Hopkins University is seeking to engineer the revival of a huge swath of East Baltimore through an 88-acre project that includes the takeover of a struggling public school. Here’s a look at the neighborhood as it is now as well as at Johns Hopkins’s redevelopment plans.

 

By 
Published: January 31
BALTIMORE — The renowned Johns Hopkins University medical campus looms over East Baltimore like a fortress on a hill. On its northern edge lies a humble neighborhood of rowhouses weathered by decades of crime, poverty and decay.The research powerhouse in health sciences was long seen as indifferent to the social ills festering on its doorstep, or as powerless to cure them. That view echoes in cities across the country where universities thrive next to slums.

But Hopkins is seeking to engineer the revival of a huge swath of East Baltimore through an 88-acre redevelopment project that includes taking over a struggling public school. It is unusual for an elite university to dive so deeply into urban education and redevelopment at the same time.

The elementary and middle school, which Hopkins operates and subsidizes, is scheduled to move from its temporary neighborhood location into a nearby, newly constructed campus this year a couple blocks from the medical complex, where it will reboot under the university’s brand name.

The hope here is that the Henderson-Hopkins School will lure working-class families to a place that once drove them away. The university has an inherent self-interest: Safety and prosperity on its borders will make the medical campus more attractive for students and faculty.

“They knew that a school was one of the things this neighborhood needs,” said Betty Carlos, 66, whose daughter Gift is in third grade at the school and grandson Kyrin is in fourth grade. “You can’t ask people to move into these $200,000 houses and not have a good school.”

Carlos, a lifelong resident of East Baltimore, said she was angry when forced out of her home a few years ago to make way for the redevelopment, which has been underway now for a decade. That friction still echoes here from time to time when skeptics ask exactly how much the project has helped the community. Officials say that they have tracked and aided hundreds of displaced families and that the school will give their children enrollment priority.

Carlos said she and her daughter Michelle, a cook at the Johns Hopkins Hospital, are thinking of buying a house in the redevelopment zone. She said Hopkins won’t let the school fail. “They’ll do everything they can to not be shamed.”

For generations, colleges have worked with public schools to facilitate teacher training and education research. But in recent times, relatively few major universities have invested their brand in a modern urban school to the extent Hopkins has. Obstacles to success are high, and the task can be hard to square with a university’s mission.

The University of Pennsylvania gave its name and financial support to an acclaimed public school known as Penn Alexander that in the past decade has helped rejuvenate west Philadelphia. Stanford University oversees a charter high school in East Palo Alto, Calif., but was forced to shut down a companion elementary school in 2010 amid debate about its performance.

“It’s risky,” acknowledged Susan H. Fuhrman, president of Teachers College at Columbia University, which recently put its name on a New York public school. “With heightened accountability, you are on the line for student achievement. But if every university in an urban setting did this, it would be a huge boost. We’re neighbors, and we have an obligation.”

Nationwide, the Center for Education Reform counts about 50 charter schools with close university partnerships.

In the Washington region, Howard University launched the Howard University Middle School of Mathematics and Science, a charter school, on its Northwest Washington campus in 2005. The University of Maryland is involved with a charter school to open in College Park in August. George Mason University plans to open a small school-within-a-school — the Patriot Innovation Academy — in September at Lake Braddock Secondary School in Fairfax County. George Washington University has close ties with School Without Walls, a selective D.C. public high school on its Foggy Bottom campus, although it does not run it.

Hopkins President Ronald J. Daniels, in an interview on the main campus in north Baltimore, said the university must shoulder more responsibility for the welfare of a city of 619,000 that has been its home since 1876.

A former provost at U-Penn, Daniels cites the Ivy League university’s work in rebuilding west Philadelphia as a model. He has pushed Hopkins to deepen its engagement with East Baltimore since he arrived here in 2009. “We’ve really elevated it to a higher level,” he said. “There was a perception that we weren’t doing all that we could be doing.”

In the neighborhood

One Hopkins official who helps oversee the East Baltimore school is combating that perception, taking a direct personal stake in the project.

David Andrews, dean of the school of education at Hopkins, recently took two abandoned rowhouses on East Chase Street — in the redevelopment zone — knocked down walls and renovated the property as a three-story home for himself. He wanted to understand the area Henderson-Hopkins will serve.

Andrews, 56, his wife, Marti, 59, and their dog, Lola, a 7-year-old Weimaraner, moved in last March. Their arrival turned heads. There were a few other renovated houses on his block, to be sure. There was also new rental housing nearby, a new biomedical office tower and other signs of the unfolding redevelopment in East Baltimore. Hopkins, teaming with public agencies and others, already has spent more than $23 million on the 88-acre project.

But many addresses within the project were — and still are — boarded up, awaiting makeover or demolition. Blight persists on these streets. Crime, a major problem in past decades, is down, but security concerns have not gone away. People in the area were surprised to suddenly have a Hopkins dean as a neighbor.

Soon after moving in, Andrews said, his nerves were tested. About 9:30 one night, someone started pounding on his front door and ringing the bell. Andrews peered through a peephole and saw three young men he didn’t know. He hesitated. He conferred with his wife, left the door shut, deadbolt in. The noise stopped.

A few minutes later, the doorbell rang again. Andrews, recognizing a neighbor named Timothy Veal, opened the door. Veal showed the dean that he had left his keys outside in the lock.

“We felt horrible for being suspicious,” Andrews recalled.

Now the dean and his wife are completely at ease. They invited Veal and other neighbors over to their house one morning for coffee to meet a special guest. New York Mayor Michael R. Bloomberg, a Hopkins alumnus, had dropped by to look at the project. Bloomberg, who this yearsurpassed $1 billion in gifts and pledges to the university, is one of the leading higher-education donors of modern times.

“I said, ‘Whoa! A person like me meeting all these big-time people,’ ” recalled Sonny Williams, 67, one of those invited. “I never would have thought of that.”

When Andrews moved in, Williams said, it was a turning point. “This neighborhood is not going to shambles,” he said. “We have too many people here now that look out for each other.”

In the classroom

Classes at what is now called the East Baltimore Community School are held in trailers down the street from Andrews’s rowhouse while construction is underway for the $43 million Henderson-Hopkins campus on Ashland Avenue — one of very few schools to be built in Baltimore in the past quarter-century. Hopkins, working with Morgan State University, took over the school in summer 2011. The public school has significant autonomy through a contract with the Baltimore school system.

“This is essentially our laboratory,” Andrews said one winter morning as he strolled through a hallway. But he added: “We want it to be of the neighborhood as much as a Hopkins entity.”

The school has about 280 students, most from families poor enough to qualify for free or reduced-price cafeteria meals. Test scores show the academic challenge is steep. Forty-one percent of the school’s students failed to reach proficiency on state reading tests last year, compared with 33 percent citywide and 15 percent statewide.

Under the university’s direction, the school adopted a curriculum from Hopkins scholars called Success for All, which groups students in classrooms by reading level, rather than age. Students get intensive phonics development in early years, including highly structured lessons and frequent assessments to push them rapidly from one ability level to the next. The method is used in high-poverty elementary schools across the country.

On top of the school’s public funding, Hopkins plans to spend $6 million from 2012 through 2018 to enrich curriculum, keep class sizes to a minimum and help in other ways. The university also will spend $4 million on the early childhood center. The school, to serve 540 students, and the center, planned for 180 preschool children, will be blanketed with social and health services.

Katrina Foster, a veteran Baltimore educator, was hired as principal last year after interviewing with several university officials, including 15 minutes with Daniels, Hopkins’s president.

Foster said she wants total student attendance and total success, with detailed evidence of progress. “So it’s not just anecdotal,” she said, “that ‘I think they got it.’ ” She keeps boxes of jump-ropes, baking sets, coloring books and other donated toys in her office to reward students for positive behavior.

In Room 24, Andrew Indorf teaches English to seventh- and eighth-graders. One recent morning, he led an energetic lesson on personification of the natural world in an Emily Dickinson poem, inviting a student named Ra’jae to improvise a greeting from a fickle Mother Nature. She walked up to the teacher and gave him a sharp shove. The class cracked up.

With Hopkins in charge, Indorf said, teachers get all kinds of support. If he needs 60 books, for instance, they land on his desk within a week or two. That, Indorf said, is an amazing turnaround.

“If you’re going to rebuild a community, starting with a school is the way to go,” Indorf said. “Johns Hopkins is onto something. Education has to be the centerpiece.”

Hopkins education professor Robert Slavin, who is advising the faculty on reading instruction, said the challenge for a university-run school is not merely to succeed but to excel. Legions of urban educators know that is never a sure thing.

“It absolutely, positively has to work,” Slavin said. “But even if it works pretty darn well, will it work well enough for the expectations that people have for it?”

 

 

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Jan 112013
 

 

 

By NATALIE SAYEWICHT

It will be a quick turnaround for artistic director Ara Gregorian and the five other musicians coming together in Greenville to perform chamber music that is expected to be of world-class caliber. That, however, isn’t anything new for Gregorian, and he doesn’t believe that a lack of preparation time might result in a lower-quality performance.

On the contrary, watching the musicians improvise on stage and play off one another is what makes each concert of the East Carolina School of Music’s Four Seasons Chamber Music Festival truly unique and special.

Gregorian has chosen five world-class musicians from around the globe to join him in a string sextet for the “Souvenirs” concerts on Jan. 17 and 18 as part of the festival, which is now in its 13th year.

The program features Elina Vähälä of Finland, and Xiao-Dong Wang, born in China and now living in New York, both playing violin. Kyzysztof Chorzelski, born in Poland and now living in London, will join Gregorian playing the viola. Colin Carr of Oxford, England, and Michael Kannen of the United States will play the cello.

To find musicians for the event, Gregorian asked artists that he has played with both internationally and in the United States. Additionally, all of the musicians performing in “Souvenirs” have been a part of Four Seasons in the past, separately. They will perform Richard Strauss’ Sextet from “Capriccio,” Op. 85; Wolfgang Amadeus Mozart’s “Grande Sestetto Concertante” and Piotr Ilyich Tchaikovsky’s String Sextet in D Minor, Op. 70, “Souvenir de Florence.”

“The music that we’re playing is going to be able to highlight each of these players’ strengths in a really special way that I think is going to be able to show each of these people at their best,” he said. “Also, the combination of these people, I think, will yield a really fantastic energy. From my past working with them, I’m sure that that’s going to be the case.”

In addition to rehearsing and performing, each artist will work with East Carolina students during their short stint in Greenville, doing a master class in which students will perform for the professionals and receive feedback.

“It is an invaluable thing for them to get to play for people of this caliber,” Gregorian said. “It’s something that’s a really special opportunity for the students.”

Because musicians are expected to arrive Tuesday, rehearsal time will be limited to Tuesday evening, all day Wednesday and early Thursday. But limited practice time hasn’t been a problem that Gregorian has noticed over the course of the festival.

“It’s kind of a quick turnaround preparing everything, but if you’re hiring people that are on their level, then you can do it in that amount of time,” he said. “There’s not a lot of time to rehearse. Maybe for each piece, two or three rehearsals. Then each concert that happens is also a learning experience. We’re presenting something to the public, but every time you sit down and play you’re learning and collaborating and that’s one of the most fun things as musicians to be a part of.”

Despite the international lineup, all of the musicians speak English, which makes Gregorian’s task a bit easier. He has found, however, that nonverbal communication with this type of program is just as important.

“I think there’s also a certain unsaid communication,” he said. “When we’re playing together, we’re all communicating with each other as this happens. That’s one of the really neat things about chamber music. When you’re rehearsing together and playing a concert together on stage, there’s so much communication going on that isn’t verbal. That’s certainly a huge part of what we do and I think that the audiences can really pick up on that and enjoy it, and that’s what makes it truly thrilling.”

 

Contact Natalie Sayewich at 252-325-9596 or nsayewich@reflector.com.

via The Daily Reflector.

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Jan 112013
 

By Ginger Livingston

When Gov. Pat McCrory campaigned in Greenville he always mentioned the affection he developed for the city after spending a summer building working here.

McCrory’s affection for Greenville only can grow now that he has family living here.

Katie Sebastian Fader is one of McCrory’s 15 nieces, nephews and their spouses. She and her husband, Greg, are graduates of East Carolina University and have lived in the community a number of years.

The Faders joined McCrory’s other nieces and nephews in Raleigh on Thursday to host the Rock the Ball concert sponsored by the Junior League of Raleigh. The event was for young voters who are less likely to attend tonight’s Inaugural Ball but who want to celebrate McCrory’s victory.

“We were very excited and happy to do it,” Katie said. “We want to support him 100 percent.”

Katie said her uncle is the perfect person to lead North Carolina as it struggles to recover from one of the worst economic downturns since the Great Depression.

“He’s very personable and gets along with everybody,” she said. He uses that skill to build consensus among groups, she said.

Greg said while serving as Charlotte’s mayor for 14 years McCrory created bipartisan support to develop a rail project for the city, recruit a professional basketball team and expand NASCAR in the community.

McCrory always has excelled at bringing people together, Katie said. When the governor, his three siblings and their families celebrated the holidays at the family home in Jamestown, the governor would lead the children in a game of football, Katie said.

The couple said they were excited that young voters could celebrate McCrory’s victory. The governor spoke at the event.

“Our voices are just as powerful as the older generation,” Greg said. “Now is our time to step up and get involved in government.”

Contact Ginger Livingston at glivingston@reflector.com or 252-329-9570.

via The Daily Reflector.

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Jan 112013
 

 

Ret. State Sen. Jean Preston
Sun Journal File Photo
Published: Thursday, January 10, 2013 at 10:36 AM.

Retired state senator Jean Rouse Preston, 77, died early Thursday in a Connecticut hospital where she had been in intensive care since suffering a fall during a holiday visit with friends.

A career educator who worked initially with special needs children, Preston completed her 20-year political career as Joint Republican Caucus leader and as co-chair of Senate committees on education and education appropriations.

A genteel lady known for her support of everyman, spunk and solid commitment to principle, North Carolina and the people of her district, Preston grew up on a Greene County farm with a family she remained close to throughout her life. She juggled work to find time to spend with an ill brother between sessions of the last of her three terms as N.C. District 2 senator, which followed seven terms in the state House of Representatives.

Preston earned an undergraduate degree and later a master’s degree from East Carolina University. She worked as a teacher, administrator and principal.

Her advocacy for education and Eastern North Carolina sometimes put her at odds with tight fiscal proposals of the newly strong GOP, whose positions she mostly endorsed. She pressed hard for educational funding that she considered essential for a better future. And many said that without her tar-heeled support for continued funding for the N.C. History Center and Tryon Palace, the facilities would not have gotten enough money to keep the lights on.

“I know I speak for all the citizens of her district when I say we are heartbroken to hear the news about Senator Preston,” said Craven County Republican Party Chairman Chuck Tyson. “Not only was she a good citizen, but also a fine person, a loving mother and friend to many. Her presence will be deeply missed by North Carolina, and our condolences go out to her family.

“I told Jean to go on and enjoy her kids and grandkids, but she felt she’d be letting the citizens down to bow out with all the complicated problems facing the area and the state,” Tyson said. “Unfortunately, the time she took doing what she thought of as her civic duty took time from her enjoyment of her personal life. She was definitely at patriot and she was like the Eveready Bunny, she went to everything, listened to all points of view. She was really a champion for the people. That’s what we need more of in the General Assembly.”

She was also a strong supporter of equal rights and opportunities, which sometimes put her at the same table with those championing the causes for women and African-Americans.

New Bern Alderman Sabrina Bengel said, “We are very sad to hear about Jean. I had worked very closely with her since she decided to leave the Senate on the East Carolina Board of Visitors. I had the utmost respect for her. I was looking forward to her expertise on legislative initiatives. She had always been a strong woman for education, ECU and the everyday person, and had really supported the fishermen and local folks.

“Where are all the good women going,” said Bengel, whose mother-in-law and New Bern’s only woman mayor died Christmas Day. “It is going to leave a great, great void. She was such a Southern lady, a special, special lady. ”

New Bern City Clerk Veronica Mattocks was a personal friend of Preston’s and said that she and several Craven County Democrats “crossed party lines to support her when she ran for Senate. Jean was an angel. She had to be one of the most honest politicians you ever would meet. And even after election, she stayed in contact. She’d call and check in. That’s rare. We’re going to miss her.”

Craven County Board of Commissioners Chairman Scott Dacey said Preston “was a friend and political mentor. I have never met a more gifted state legislator. Jean was a natural in her desire to find common ground when confronted with a controversial issue of importance to the people within her community.”

Doug Raymond, longtime Carteret County friend and campaign consultant, said he owes his political consulting career to Preston because of the respect she has in the state.

“If you were putting together a textbook on being a politician in North Carolina, Jean Preston’s picture should be on the front,” Raymond said. “She took it seriously.”

Craven County Commissioner Steve Tyson said he was running for his first term as commissioner when Preston was seeking the Senate seat, which included Craven County.

“We campaigned a lot together and became very good friends,” he said. “Not only was she a fantastic human being, she was the best elected official I’ve ever seen. She was a conservative, but she was compassionate and worked tirelessly.

“If people needed her, they could get to her. She was always accessible, returned calls and followed up on what she told you she was going to do. She was a special and very respected in Raleigh. When Jean talked, people listened.”

Sue Book can be reached at 635-5665 or suebook@newbernsj.com. Follow her on Twitter@SueJBook.

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Jan 112013
 

January 10, 2013

Downturn Still Squeezes Colleges and Universities

By ANDREW MARTIN

An annual survey of colleges and universities found that a growing number of schools face declining enrollment and less revenue from tuition.

The survey, released by the credit ratings agency Moody’s Investors Service on Thursday, found that nearly half of colleges and universities that responded expected enrollment declines for full-time students, and a third of the schools expected tuition revenue to decline or to grow at less than the rate of inflation.

“The cumulative effects of years of depressed family income and net worth, as well as uncertain job prospects for many recent graduates, are combining to soften student market demand at current tuition prices,” Emily Schwarz, a Moody’s analyst and lead author of the report, said in a statement.

The growing financial challenges for colleges and universities come as students and graduates have amassed more than $1 trillion in student debt, and many are struggling to pay their bills. Nearly one in six people with an outstanding federal student loan balance is in default, the federal government says.

Before the financial crisis of 2008, colleges and universities routinely raised tuition with little effect on the number of prospective students who applied. Some private colleges said that applications actually rose when they increased prices, apparently because families equated higher prices with quality.

But that attitude has changed, in part because family incomes have declined. Ms. Schwarz also noted, “Tougher governmental scrutiny of higher education costs and disclosure practices is adding regulatory and political pressure to tuition and revenue from rising at past rates.”

In addition, she noted that budget negotiations in Congress could lead to cuts in student aid programs while the share of students that depend on government help continued to rise. At public universities, federal loans finance a median of 40 percent of student charges; at private schools, the median is 21 percent.

While nearly half the schools that responded to the survey expected enrollment declines, the changes are expected to be minimal and overall enrollment should remain relatively flat. The enrollment declines are more pronounced among graduate programs; small, lower-rated universities; and public schools in the Northeast and Midwest, where the number of high school seniors is declining.

By comparison, about 15 percent of the schools that responded to the survey in the fall of 2010 reported enrollment declines.

Daniel J. Hurley, director of state relations and policy analysis at the American Association of State Colleges and Universities, said he was not surprised by the findings. He said that after years of cuts, he expected an uptick in state financing for public colleges and universities in the coming year.

In addition, he said states had become more strategic in how they finance higher education, offering incentives for schools that provide more graduates in critical fields, like engineering.

Tony Pals, spokesman for the National Association of Independent Colleges and Universities, which represents nonprofit private schools, said the report confirmed the tough realities of higher education. “Economic, demographic, marketplace and technological trends are converging to cause an unprecedented time of change for higher education. The new reality is that colleges are expecting to have to do more with less for years to come,” he said in an e-mail.

But Mr. Pals noted that his members had a history of resiliency and innovation. “We are seeing a jump in three-year bachelor’s degree programs, so-called no-frills satellite campuses and academic partnerships between four-year private colleges and local community colleges.”

Over all, 18 percent of private universities and 15 percent of public schools in the survey projected a decline in net tuition revenue for fiscal 2013. A much larger share, one-third, said net tuition revenue would decline or grow by less than 2 percent.

“Such weak revenue growth often means a college cannot afford salary increases or new program investments unless it cuts spending on staff and existing programs,” the Moody’s report said. By comparison, in fiscal 2008, only 11 percent of private schools and 9 percent of public schools did not increase tuition revenue by 2 percent or more.

Since the financial crisis, tuition at public schools has grown more rapidly than private ones, largely to offset sharp costs in state financing. Public universities have responded by recruiting more out-of-state and international students, who can pay more than in-state students.

Private schools have provided more and more financial aid to students to offset their higher price, a trend that many view as unsustainable.

Moody’s has a more upbeat view of the most elite private schools and flagship public universities, which continue to have strong student demand and, in many instances, many other sources of revenue.

The Moody’s survey included 165 nonprofit private universities and 127 four-year public universities.

via Colleges Expect Lower Enrollment – NYTimes.com.

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Jan 112013
 

By RICHARD PÉREZ-PEÑA

Published: January 9, 2013

Young adults have long faced a rough job market, but in the last recession and its aftermath, college graduates did not lose nearly as much ground as their less-educated peers, according to a new study.

The study, published on Wednesday by the Pew Charitable Trusts, shows that among Americans age 21 to 24, the drop in employment and income was much steeper among people who lacked a college degree.

The findings come as many published articles and books have told the stories of young college graduates unable to find work, and questioned the conventional wisdom that a college education is a worthwhile investment and the key to opportunity and social mobility. The study did not take into account the cost of going to college.

“This shows that any amount of post-secondary education does improve the labor market outcomes for those recent graduates,” said Diana Elliott, the research manager for Pew’s Economic Mobility Project. “This is not necessarily to discredit those individual stories.”

In fact, the study documents a serious decline in the job picture for young people.

Using data from the Census Bureau’s Current Population Survey, Pew looked at employment, either full time or part time, among 21- to 24-year-olds, in the roughly two and a half years before the 2007-2009 recession, during it, and in the two and a half years after it.

Among those whose highest degree was a high school diploma, only 55 percent had jobs even before the downturn, and that fell to 47 percent after it. For young people with an associate’s degree, the employment rate fell from 64 percent to 57 percent.

But those with a bachelor’s degree started off in the strongest position and weathered the downturn best, with employment slipping from 69 percent to 65 percent. (The federal Bureau of Labor Statistics recorded a similar decline, about four percentage points, among all people over 20, at any education level.)

Similarly, in all three groups of young adults, wages fell for those who had work, but the decline was spread unevenly.

People with four-year college degrees saw a 5 percent drop in wages, compared with a 12 percent decrease for their peers with associate’s degrees, and a 10 percent decline for high school graduates.

One surprise in the data, Ms. Elliott said, had to do with “the prevailing speculation that people who couldn’t find work were returning to school, enhancing their training.” In fact, college enrollment over all rose sharply for several years, driven primarily by older students, before leveling off in 2011.

But Pew’s study found that among people age 21 to 24, the rate of college enrollment actually declined slightly, during and after the recession.

A version of this article appeared in print on January 10, 2013, on page A15 of the New York edition with the headline: Benefits of College Degree In Recession Are Outlined.

via Study Shows College Degree’s Value During Economic Downturn – NYTimes.com.

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