With the onset of new public management, there is a shift in the methods of financing of higher education institutions across the countries of the world, particularly emerging market economies, from public financing to private financing of higher education. Many countries adopted this shift very quickly while others have moved towards a gradual…

This book focuses on the topic of the multiple-stakeholders that comprise the education community across the P-20 continuum. In various ways and forms, the authors of the chapters found within this book promote the importance of engaging with the diverse array of stakeholders in order to truly improve education in an increasingly interconnected…

Evidence of confusion in intermediate accounting textbooks regarding the annual percentage rate (APR) and annual effective rate (AER) is presented. The APR and AER are briefly discussed in the context of a note payable and correct formulas for computing each is provided. Representative examples of the types of confusion that we found is presented…

This White Paper presents the work of the Consortium for Higher Education Tax Reform, a partnership funded by the Bill & Melinda Gates Foundation as part of the second phase of its Reimagining Aid Design and Delivery (RADD) initiative. Consortium partners are the Center for Postsecondary and Economic Success at CLASP, the Education Trust, New…

Dozens of colleges and universities, including some of the country's wealthiest institutions, are facing a sharp rise in interest payments on a whopping mound of debt. About a third of the nearly 300 private institutions rated by Moody's Investors Service are financing more than half their debt with variable-rate bonds, some of whose rates have…

Changing state revenues have prompted heightened concern about the immediate short- and long-term future and stability of state investments in higher education. The 2007 Survey of the National Council of State Directors of Community Colleges (NCSDCC) is the third administration of questions to determine questions of access, funding and overall…

Presents basic legal issues fundamental to revenue bonds (bonds secured by pledging only the revenues from the facility for the payment of the principal and interest on the bonds) authorized for construction of college and university residence halls and provides reference to, as well as discussion of, court decisions giving specific attention to…

Discussion of problems associated with using bond funding for library acquisitions focuses on experiences at Louisiana State University. Topics addressed include books as collateral; partial payment problems; collateral-based restrictions; taxes; invoicing; delayed payment; and recommendations for how to prepare for bond funding of library…

Colorado's College Opportunity Fund is an educational program that affords public universities greater administrative freedom while diminishing financial support from the state. Under the new system, students receive stipends from government while universities are allowed greater freedom setting tuition and issuing bonds. This article discusses…

In this instance, the Joint Committee on Higher Education in Washington State was directed to review capital funding methods at the 4-year institutions of higher education in the state. The major finding of the study, which emerged after an intensive survey of bond practices, was that some means should be found to enhance management effectiveness…

The Virginia Supreme Court unanimously ruled that the issuance of tax exempt bonds to a religiously affiliated university violated both state and federal constitutions. Reviews the court decision, analyzes the constitutional issues, and contends that court actions intruded beyond the permissible boundaries of constitutional neutrality. (38…

Testimonies are presented on two bills to amend the revenue bond section of the Home Rule Act to permit the District of Columbia to sell revenue bonds to borrow money to finance student loans. The issue regarding H.R. 6010 and H.R. 6276 is whether the District should be allowed to make its own determination regarding the advisability of…

Legislative actions pertaining to Washington public higher education during the last two years are described. The reports list the major resolutions passed, laws enacted, and legislative appropriations. State legislation dealt with: establishment of the Washington library network; retirement systems; bookkeeping transactions; travel expenses; bond…

Public colleges and universities are seeking the authority to issue millions of dollars' worth of bonds to pay for construction projects. These requests are emerging as one of the major higher-education issues in legislative sessions this year. (MLW)