Higher education pays off handsomely for society. Yet on a nationwide basis, states' support for higher education per full-time-equivalent student has fallen to just $6,290, the lowest in 15 years. A dedicated source of funds for higher education is problematic. But what if state and federal lawmakers applied the impeccable logic of the gas tax to…

Private-college presidents often draw scrutiny for their hefty compensation packages, but most of them have a ready comeback: I could make a lot more money in the corporate world. While this statement is surely sometimes true, it is also true that some of the nation's top-paid presidents continue to receive perks that their corporate counterparts…

Big-time college sports programs derive 60 percent to 80 percent of their revenue from commercial sources, suggesting that intercollegiate athletics--at least at the elite levels--may have "crossed the line" from an educational to a commercial endeavor. That finding comes from a report, "Tax Preferences for Collegiate Sports," released last week…

While colleges across the nation are coping with the recession, public universities in Florida, a state with finances that resemble a Ponzi scheme, have spent years doing without. The recession hit Florida early, and in a big way. Without an income tax, state government has long depended on property and sales taxes. As real estate and tourism have…

Americans have decided that the work of nonprofit colleges and universities is so invaluable that they should be exempt from taxes. Those tax exemptions involve a social compact: In exchange, colleges are obliged to carry out the charitable purpose of providing the best education to the most students at the lowest cost. In this article, the author…

Over the past year, members of Congress have poked around the well-fed belly of intercollegiate athletics, questioning whether college sports deserves its tax-exempt status. Myles Brand, the president of the National Collegiate Athletic Association (NCAA), has led the countercharge against the government, repeatedly defending the educational value…

Nearly 400 colleges across the United States are about to be asked to disclose intimate financial details of their operations to the Internal Revenue Service. This article reports on a highly detailed financial questionnaire designed by the IRS for the first phase of its Colleges and Universities Compliance Project, which is part of a continuing…

Billions of dollars in untaxed, offshore investments by college endowments could be subject to taxation under a proposal being considered by the leaders of the U.S. Senate Finance Committee. The proposed change, which targets hedge funds, a popular investing strategy for many colleges, would affect the largest college endowments, including those…

Skepticism among lawmakers in Congress that colleges are adequately trying to control costs may hinder legislation that would extend tax breaks for higher education, according to the chairman of the influential Senate Finance Committee. Senator Max S. Baucus said skepticism on Capitol Hill has been fueled by anger over multimillion-dollar coaches'…

The writer discusses the challenges faced by financial aid directors. Determining how much families can pay for college has become more complex as the very definition of family has evolved. A growing number of students are coming from nontraditional families, and many college officials are scrambling to accurately evaluate their financial…

Public cuts in financial support have hurt public colleges and students. The author argues that the fault lies in part with the colleges themselves. Many public-university administrators are incapable of convincing political and business leaders of the need for financial support because they are no longer fully convinced themselves. They have…

As the first balloting of the 2008 presidential campaign nears, colleges in early-voting states like Iowa, New Hampshire, and South Carolina have become hotbeds of political activity. College campuses are favored venues for nationally televised debates and candidates' policy announcements. College officials say election activities can bolster…

Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), the largest pension system in the country, has lost its tax exemption, a change that has both created problems and opened doors to new ventures. TIAA-CREF is now seeking opportunities to manage state tuition-savings plans, and has also established six…

The Ohio State University and the University of Michigan began their biggest rivalries in college football in 1897. The University of Michigan's squad trounced the Ohio State University 34-0 in the first version of what fans in the heartland now refer to as "The Game." Last month Ohio State and Michigan again squared off on the gridiron,…

Evaluates presidential candidate Al Gore's priorities for higher education, noting criticism by some educators of his emphasis on benefits for the middle class and the large number of specific proposals he has offered, including the College Opportunity Tax Cut, 21st Century Teachers' Corps, 401(j) Educational Savings Accounts, the National Tuition…