Tag: education Page 2 of 3

Why can’t colleges use endowment funds to fill budget gaps?

Mitchell Community College campus
Nursing students celebrate their pinning ceremony on the campus of Mitchell Community College in Statesville, NC

The complexities of higher ed finance make it surprising to realize a college endowment with millions–or billions–in the bank can’t use those dollars for just anything.


There’s a new and frequently occurring question these days around higher education’s response to COVID-19: Why are colleges and universities laying off employees and cutting faculty when they have millions (or billions) of dollars in their endowments?

The question itself is rational enough. It seems unjust that Harvard cannot muster the budget to pay its dining services workers when it has $40 billion in the bank.

However, the vast majority of American colleges and universities — and let’s make sure we include community colleges in this conversation — are not Harvard. Not even close. According to a 2014 ACE report, slightly over half of four- and two-year non-profit colleges and universities even have an endowment, with a median endowment value of $7.9 million.

The Beautiful Story of a D-Rated School

EDUCATION

 

Letter grades can’t possibly tell the whole story of a school. An inside look at the passionate work of a school our state says is a letter away from failing.

(Author’s note: this story was originally published in September 2015.)

A few weeks ago, my wife began her fifteenth year teaching elementary school music. She’s been in the same classroom and the same school for her entire career, and she’s seen thousands of kids come through her hallway.

She enjoys her job; she teaches every kid in the building, so she’s kind of like a local celebrity. We rarely can make it through the grocery store (or anywhere around town) without someone running up to her, hugging her leg, and running off with a smile. It’s a happy thing to see.

This week, though, her school received a North Carolina school performance grade of D.

Dear Teacher: Why I Quit

EDUCATION

Or, how I went from Teacher of the Year to suspended with pay in less than 24 hours.


It’s August, and for some of you that means the final countdown to work is now with us. Summer’s freedom is evaporating like heat shimmers from a blacktop highway.

This isn’t always a bad thing. I know plenty of teachers who, though they love having time off, are excited to break into their classrooms and face the blank walls, eager to unpack the posters they picked up in July, ready to set into motion the lessons that have been hiding in the corners, anxious for students to try them. August is a thrilling month for these teachers. It was thrilling for me. There was nothing more satisfying for my head and my heart than to hold, fresh off the printer, my syllabus for American Literature, or English Language and Composition, or Creative Writing.

But August is a different month for me now. I quit teaching almost five years ago. If you’ve never known why, it’s best if I start at the beginning of the story.

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