Mission and Money: Understanding the University by Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch

By Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch

Venture and funds is going past the typical concentrate on elite universities and examines the total better schooling undefined, together with the quickly starting to be for-profit colleges. the field contains study universities, four-year schools, two-year colleges, and non-degree-granting occupation academies. Many associations pursue mission-related actions which are frequently unprofitable and interact in ecocnomic profit elevating actions to finance them. This booklet encompasses a bargain of unique examine on colleges' profit assets from university, donations, learn, patents, endowments, and different actions. It considers lobbying, distance schooling, and the area industry, in addition to ads, branding, and recognition. The pursuit of profit, whereas necessary to in attaining the project of upper studying, is usually in clash with that challenge itself. the stress among challenge and funds is usually highlighted within the bankruptcy at the profitability of intercollegiate athletics. The concluding bankruptcy investigates implications of the research for public coverage.

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At their height in the 1940s, private junior colleges, as they were called then, numbered almost 350 and educated over 100,000 students. By 1989, nearly three-fourths of the schools had disappeared, and the remaining 89 enrolled less than 1% of all two-year college students (Williams 1989). For-Profit Two-Year Colleges Among two-year colleges that grant associate’s degrees, for-profits have grown as part of the boom that began in the 1980s throughout the postsecondary for-profit sector. 5 times as many students as the nonprofit two-year colleges, but nearly 20 times as many students studying for an associate’s degree attend public community colleges (Carnegie Foundation for the Advancement of Teaching 2007).

Over 2,100 of the non-degreegranting schools have Program Participatory Agreements under Title IV of the Higher Education Act with the Department of Education, which means that students with financial need may choose to attend one of them rather than a degree-granting one and still receive federal financial aid. S. Department of Education, National Center for Education Statistics 2007a). Forty-nine percent of these schools are cosmetology schools. S. Department of Education, National Center for Education Statistics 2007b).

The Massachusetts General Court voted £400, about one-fourth of the colony’s annual tax levy, to help the college get started (Thelin 2004). Well into the nineteenth century, the distinction that we make today between a public and a private college was not one recognized by educators or legislatures. Although Chief Justice John Marshall’s famous ruling in 1819 that Dartmouth College’s charter protected it from state interference is often cited as the foundation of the American “private college sector,” such a view implies, falsely, that there was such a thing as a “public” or “state” college sector at that date.

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