Universities Say: We Want a Government Stimulus, Too!
Posted 18 Dec, 2008
It seems students aren’t the only ones concerned about the economy. A group of over 40 higher education leaders–via a statement published by the Carnegie Corporation of New York –recently let their own economic worries be heard.
Dear President-Elect…
In open letter published this Tuesday in large, two-page ads in both the New York Times and Washington Post, the Carnegie Corporation requested the assistance of President-Elect Obama and his administration.
The higher ed leaders requested 5% (about $40 billion) of the new economic stimulus bill currently working its way through Congress. The ads themselves are estimated to have cost at least $25,000 apiece!
Sincerely, the Future of Our Nation
The two page letter says that colleges must partner with the government to help revitalize the economy and “educate and train the next generation of Americans.” It also states, however, that state budget cuts are threatening the schools’ ability to perform their duties. It even states that there are “dangerous signs that our future prosperity and security will be weaker than our past.”
The Details
The letter details how the Carnegie Corporation feels the funds would best be handled. They feel it should be distributed to each state based on it’s population, and allocated to colleges–both public and private–at the discretion of that state’s governor.
Most importantly, they request that the federal government make provisions that their funds cannot be used as an excuse by the state to further cut state funding to universities.
To learn more about the Carnegie Corporation’s hopes for higher ed’s financial future, you can view a copy of the open letter here. It remains to be seen whether individual families will benefit directly or indirectly from any of the stimulus package. Proposals by various higher education groups are calling for a direct increase in the amount of financial aid that can be awarded to families. I’ll keep you posted once I learn more.
All the best,
Deborah Fox
Deborah Fox is the founder of Fox College Funding®, a nationwide company that helps families find creative ways to reduce their college costs.
photo: Carnegie.org
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It seems students aren’t the only ones concerned about the economy. A group of over 40 higher education leaders–via a statement published by the Carnegie Corporation of New York –recently let their own economic worries be heard.
Dear President-Elect…
In open letter published this Tuesday in large, two-page ads in both the New York Times and Washington Post, the Carnegie Corporation requested the assistance of President-Elect Obama and his administration.
The higher ed leaders requested 5% (about $40 billion) of the new economic stimulus bill currently working its way through Congress. The ads themselves are estimated to have cost at least $25,000 apiece!
Sincerely, the Future of Our Nation
The two page letter says that colleges must partner with the government to help revitalize the economy and “educate and train the next generation of Americans.” It also states, however, that state budget cuts are threatening the schools’ ability to perform their duties. It even states that there are “dangerous signs that our future prosperity and security will be weaker than our past.”
The Details
The letter details how the Carnegie Corporation feels the funds would best be handled. They feel it should be distributed to each state based on it’s population, and allocated to colleges–both public and private–at the discretion of that state’s governor.
Most importantly, they request that the federal government make provisions that their funds cannot be used as an excuse by the state to further cut state funding to universities.
To learn more about the Carnegie Corporation’s hopes for higher ed’s financial future, you can view a copy of the open letter here. It remains to be seen whether individual families will benefit directly or indirectly from any of the stimulus package. Proposals by various higher education groups are calling for a direct increase in the amount of financial aid that can be awarded to families. I’ll keep you posted once I learn more.
All the best,
Deborah Fox
Deborah Fox is the founder of Fox College Funding®, a nationwide company that helps families find creative ways to reduce their college costs.
photo: Carnegie.org
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