According to Senator Daniel Akaka, sponsor of the 2004 Credit Card Minimum Payment Warning Act, 45% of college students are in credit card debt, with an average debt of US$ 3,000. Moreover, 150,000 young adults between the ages of 18-24 declared bankruptcy last year. In this article, the author describes how financial literacy can educate young…

In order to strengthen midwestern higher education, and despite two previously unsuccessful attempts, the possibility of pursuing regional cooperation in higher education through a higher education compact among the midwestern states is once more being explored. This report seeks to facilitate the decision making process by providing background…

The Illinois Task Force on School Finance was created in 1990 to devise a plan to ensure adequate state funding for all school districts at greater levels. The task force's plan for 1993 provides for funding of an adequate education and creates a more equitable distribution of educational revenues. The first part of this report presents an…

This report offers an analysis of school finance litigation during 1998. It summarizes cases in New Jersey, Ohio, Arizona, Texas, Wyoming, Colorado, New Mexico, and New York. These states were sued due to failure to provide a thorough and efficient system of common schools, ineffective efforts to provide equitable financing to poorer school…

This study describes the managing of discretionary, school-generated monies by high school principals.. Principals (N=1303) in large, public high schools were asked about the policies and practices pertaining to the fiscal management of discretionary funds, like business partnerships, student activities, athletics, concessions, fundraising, and…

Recognizing the need to fill the gap of knowledge concerning currency restrictions, a survey was conducted with the aim of creating a database and directory listing currency restrictions in the world, and also to alert overseas advisers and their U.S. counterparts to the difficulties international students may encounter when trying to obtain funds…

Facing severe budget reductions in 1991 despite institutional restructuring in response to budget cuts in the mid-80s, the Chancellor's Ad Hoc Budget Planning Group at the University of Alaska Fairbanks (UAF) proposes a process for fiscal change while aiming to retain institutional excellence. A first section states the current problem, reviews…

Extensive economic changes may be brought about by divorce. In an attempt to demonstrate that the degree of financial dislocation following divorce depends on three factors--custody arrangements, wife's employment, and social class--data on men's and women's employment, income, and support payments were gathered for 222 divorcing families. Total…

The history of school finance reform in the last 75 years provides a context for considering future school finance issues and the different school finance problems faced by the various states. From 1900 to 1965 states provided foundation aid to school districts. In the mid-1960s federal aid was added for special needs students. In the late 1960s…

Approaches to develop a new understanding of academic careers are discussed. For many faculty members, a key issue is how to adjust their understanding of an ideal career to contemporary reality. During the 1970s, almost all of the professoriate saw its standard of living decline, a decline that stabilized by the early 1980s. Job mobility is…

Central issues in the effort to maintain quality and integrity in American higher education are addressed in the annual report of the director of the Commission on Higher Education of the Middle States Association of Colleges and Schools. It is suggested that creative methods of financing education and a new approach for gaining public support are…

The report contains background to the present situation in Cambridge and nationally, discussion of decreasing growth rate and fixed upper limit to future growth, examination of "steady state" problems (e.g. how to maintain flexibility for change within a fixed budget), analysis of problems in transition to steady state including increase…

The president of Bloomfield College, New Jersey, reviews (1) general problems posed by the tenure system as conventionally interpreted at about 85 percent of our colleges and universities; (2) several alternatives to conventional tenure; and (3) some special problems facing small, private liberal arts colleges in financial exigency. (JT)

Describes the financial crises in colleges and universities caused by the enactment of federal social legislation, such as equal employment opportunity provisions, the Equal Pay Act, minimum wage law, unemployment insurance, and affirmative action programs. (MLH)

In addition to the financial problems created by the Serrano decision and by inflation, some districts are also challenged by declining enrollments. Published by California School Boards Association, 800 9th Street, Suite 201, Sacramento, California 95814. (Author/WM)