Posts Categorized: Economy

Higher Education and the Economy: The View from the Boston Fed Chief

NEBHE convened approximately 400 leaders of business, education and government at the Federal Reserve Bank of Boston on Nov. 7, 2011 for a conference titled “New England Works” Summit on Bridging Higher Education and the Workforce. Following are keynote remarks from Boston Fed President and CEO Eric Rosengren. To download the figures, click here. Other speakers included: Connecticut Gov...

At Babson, Educating Leaders with a New Worldview to Create Social, Environmental and Economic Opportunity

In the sea of criticism of profit-obsessed business school graduates, Jim Poss appears to be an anomaly. In 2003, Poss was watching a trash vehicle on a Boston street. The truck was idling, blocking traffic, and smoke was pouring out of the exhaust. There has to be a better way, Poss thought to himself. He took the problem back to his team at Seahorse Power Co., a company that was identifying inno...

Bootstraps: Federal Trio Programs, if Funded, Could Help Close Income Gap

I realized how poor my family was when I was a high school senior. While filling out a financial aid form to go to college, I looked at my mom’s tax return to see how much she made. I asked her if it was a mistake. It wasn’t. She made $11,000 a year to support a family of four. Today I make four times as much as my mom did mainly because of one reason. Not dogged ingenuity or self-determinatio...

Time to Turn Attention to a Different Debt Limit: Downsize Federal Student Loan Programs

I have spent much of my working life studying and promoting student loans. As a good liberal Democrat, I spent years arguing for the expansion of the old Federal Family Education Loan Program (FFELP) which had its roots in Lyndon Johnson’s War on Poverty. My professional life included stints working for one of the nonprofit FFELP agencies and being a co-founder of an entirely private nonprofit, ...

What Gives? Perspectives on Philanthropy and Higher Education

Late last month, NEBHE senior fellow and Massachusetts Board of Higher Education Chair Charles Desmond and I launched a series of interviews with key leaders in New England philanthropy. Our goal was to paint a picture of what philanthropies see as the key issues and challenges facing higher education and how potential funders can have the most meaningful impacts on education in New England. Our ...

Trends & Indicators 2011: Demography, Part II

Is demography really destiny? The makeup of the population and the perceived value of education are changing. So this year following the decennial census, we're presenting our demography figures a few ways. (We also presented a set in January.) The universities of the Connecticut State University System (CSUS) attracted more than 7,000 students of color this year—a 35% increase since 200...

DC Shuttle: College Affordability Lists, DREAM Act … and Other Higher Ed News from Washington

The Education Department released College Affordability and Transparency Lists on Thursday. The 2008 Higher Education Opportunity Act requires the Education Department to produce six lists, with three examining tuition and fees and three examining each institution's average price of attendance minus grants and scholarships. The lists are also divided by type of institution (public/private, two-yea...

DC Shuttle: Congress Considers Charter Schools, Workforce Investment, Manufacturing … and Other Higher Ed News from Washington

On Wednesday, the House Education and Workforce Committee approved the second of five total planned bills on federal education reform for the 112th Congress. By a vote of 34 to 5, the committee advanced legislation (H.R. 2218) which would allow governors, state education agencies, and charter school boards to parcel out funding to expand or duplicate successful charter schools. States without caps...

New England Guvs on Future of Higher Ed

We invited each of the six New England governors to write articles on future challenges facing higher education in their respective states. ... The Future of Higher Education in Connecticut by Dannel P. Malloy, Governor of Connecticut Outwardly, the results appear impressive—growth in enrollments and degrees granted, expanded campuses and program offerings, and a well-known reputation ...

Recovery at Risk: New England Economic Partnership Releases New Outlook Forecasting Sluggish Bounceback

The New England economy continues to outperform the national economy. That is the good news. But both the region’s and nation’s economies continue to have low and staggered growth. The slow recovery from the 2008-09 recession is largely due to factors outside New England influence, including the European debt crisis, volatile energy markets and continued decline in the national housing...