A thorough review of Lane Community College's purchase order system revealed that 62% of all purchase orders processed in 1981-82 were for amounts under $100; that these orders made up only 3.5% of the dollars expended in acquiring materials and services for college operations; and that each purchase order cost the college $75 in supplies and…

The School of Chemical Sciences at the University of Illinois has developed a user-oriented financial management system to meet the needs of project managers for financial reporting that were not met by the central accounting system. The system presents detailed budget obligations and expenditures data needed to plan and monitor daily research…

Oversight hearings on the Student Loan Marketing Association (Sallie Mae) are presented. Sallie Mae was established by the Education Amendments of 1972 to provide liquidity for Guaranteed Student Loan (GSL) lenders by purchasing GSL portfolios from lenders or making loans on GSL loans held by lenders. In 1982, Sallie Mae had total cumulative…

The University of Maryland Foundation is managing the endowments of three other Maryland state institutions and is negotiating to do so for two more. The foundation pools the endowment funds, decides on investment strategies, and hires companies to make the investments. The smaller colleges earn better returns, but some observers are concerned…

Both the Financial Services Authority and the Basic Skills Agency are committed to supporting those individuals and organisations working to improve the financial capability of themselves and others. The development of the National Strategy for Financial Capability, coordinated by the Financial Services Authority, and the commissioning of a…

A survey on the Guaranteed Student Loan Program (GSL) was conducted in 1986 by the Consumer Bankers Association (CBA). Responses by 103 member institutions provided information on student loan operations, the student lending climate, and proposed amendments to the GSL program. Institutions were divided into four asset categories. The larger…

Reviews services available through home banking via a personal computer, and discusses cash management, whether these services are worthwhile, and if they'll be successful. Two home banking services--Chemical Bank's Pronto and Bank of America's Homebanking--are described. (MBR)

The Automatic Payroll Deposit System in Yakima, Washington's Public School District No. 7, directly transmits each employee's salary amount for each pay period to a bank or other financial institution. (Author/MLF)

Many small towns are considering community-based start-up funds (SUF) to foster development and retention of small businesses. But whether a community is large or small, a group must be well-organized before it begins to make decisions concerning the design and purpose of a small-business SUF. This primer highlights some main points a community…

The Commission on College Retirement was formed to review the role and functioning of college and university retirement programs and make recommendations for program improvements. This volume brings together five separate reports issued by the commission. "Retirement Ages for College and University Personnel" addresses the issues of…

The benefits, costs, and risks of prepaid tuition and state saving incentive plans to help families pay the cost of a postsecondary education are examined. After discussing why plans have been proposed, financing strategies and savings instruments currently available to families are reviewed. Three types of state plans have emerged: prepaid…

Colleges must investigate financing options before they are needed by their students and be ready to help students find new and creative ways to fund their education. Tax-exempt financing options, new sources of loan capital, cooperative arrangements with state agencies, and new federal aid are among the possibilities to explore. (Author/MSE)

Increasingly, organizations find that they need to integrate large number of information systems in order to support enterprise-wide business initiatives such as e-business, supply chain management and customer relationship management. To date, organizations have largely tended to address information systems (IS) integration in an ad-hoc manner.…

Student support consists not only of direct financial support, but also of educational provisions that are free of charge or subsidized by the state and local authorities. These provisions include formal education, as schools for young people and adults as well as higher education, and non-formal education, such as study circles and folk high…

This handbook provides a brief overview of bank and bank holding company community development corporations (CDCs), the types of activities for which they can be used, the legal requirements in establishing such an entity, and how they are organized and operated. Case studies, including studies of the Shorebank Corporation of Chicago, the First…