Have you heard the latest wisecrack about Harvard? People are calling it a hedge fund with a university attached [...]
Though the exact figure is hard to determine, experts I consulted estimate that over $100 billion of educational endowment money nationwide is invested in hedge funds, costing them approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant...fees they charge for their services. — the Nation
"The time has come for students to connect the dots between ballooning student debt, the poor treatment of campus workers, and the obscene wealth of hedge fund oligarchs."A rallying cry for a divestment movement to oppose hedge funds and their involvement with academia, the article discusses the...
A student was underpaid almost $7000 during an internship with a Sydney firm of architects, a Fair Work Ombudsman investigation has found. The student was completing a masters degree in architecture when he was paid $12 per hour for six months of full-time work. His duties included architectural drawing, consulting with clients and and conducting site visits...the student, aged in his 20s,... was short-changed $6830. — smh.com.au
According to Australian labor laws, the student was performing work that was not part of his architectural education and should have received minimum wage payment. Australia's minimum wage is $16.88 (in comparison, the US minimum wage is currently $7.25/hr) and after the student's graduation his...
This week on the podcast: student debt, Chicago's "State of the Art of Architecture", and our new series, Archinect's Lexicon. Paul, Amelia, Donna and Ken are joined by architecture students Jarrod and Elliott to discuss how student debt is changing their lives and careers. We also consider...
This week, the U.S. Department of Education will release data on the percentage of borrowers who have defaulted on federal student loans over the last three years. Schools with high rates of default face consequences. [...]
Is default the student’s burden? Or the institution’s? And the federal government doesn’t always consider a would-be borrowers’ credit risk the way private lenders can. — marketplace.org
Related:Architects Laud Introduction of Bipartisan National Design Services Act As Way to Cut Spiraling Student Loan DebtArchitects Support Students' Call for Pro Bono Work in Exchange for Loan ReliefObama only 8 years out of student loan debt #dontdoublemyrate
[Cooper Union], which announced last April that it would charge undergraduate students tuition for the first time, released figures on Friday that showed overall applications were down this year by just over 20 percent. [...]
The new figures indicate that the admission rate nearly doubled, from 7.7 percent last year to 14.4 percent this year, which still places Cooper Union among the most selective schools in the country. — The New York Times
The freshmen class of Fall 2014 will be the first in Cooper Union's history to pay tuition. It remains to be seen whether Cooper Union's reputation overtime will falter, as quality considerations are matched against tuition rates and student debt, and students are given fewer options to pursue...
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