Latest news with #Colleges
Forbes
04-07-2025
- Business
- Forbes
2025 So Far—In 9 Big Numbers
Allison Robbert/AFP/Getty-VCG/Getty ImagesDisney+Roberto Schmidt/AFP/Getty Images Roberto Schmidt/AFP/Getty Images Forbes Red States–And AI–Are Big Losers From Trump's Clean Energy Massacre By Christopher Helman Forbes An Arms Dealer Joins Silicon Valley's Military Boom By David Jeans Forbes Wedding Protesters Say Bezos Should Pay More Tax. Here's How Much He Likely Did Pay By Phoebe Liu Forbes Why The U.S. Should Copy Canada To Fix Its Broken Air Traffic Control System By Jeremy Bogaisky Forbes Trump's Foreign Student Crackdown Puts These 16 Struggling Colleges At Risk By Emma Whitford
Bloomberg
26-06-2025
- Business
- Bloomberg
S&P 500 on the Brink of Record High
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Nvidia to extend gains after closing at record while Micron outlook fails to fuel further rally. Analysts are focusing on high-bandwidth memory, one of the major components of the data center expansion. PayPal CEO Alex Chriss discusses PayPal's new partnership with colleges for athlete payments. (Source: Bloomberg)
Cision Canada
11-06-2025
- Business
- Cision Canada
The Honourable Nolan Quinn to deliver opening remarks at OACETT Conference
WINDSOR, ON, June 11, 2025 /CNW/ - The Honourable Nolan Quinn, Minister of Colleges, Universities, Research Excellence and Security, will deliver opening remarks at the Ontario Association of Certified Engineering Technicians and Technologists (OACETT) Conference on Friday, June 13, 2025, at Caesars Windsor Hotel. This year's conference focuses on the future of infrastructure and the built environment in Ontario. As the province continues to grow and evolve, so too does the need for innovative, forward-looking solutions to meet emerging challenges and seize new opportunities. The event will convene industry leaders, professionals from academic institutions and companies, association executives, and subject matter experts for insightful discussions on Ontario's rapidly changing infrastructure landscape. Event Details: What: Opening Remarks by The Honourable Nolan Quinn When: Friday, June 13, 2025 Time: 1:45 p.m. – 2:30 p.m. Where: Augustus I Room Location: Caesars Windsor Hotel, 377 Riverside Dr E, Windsor, ON Media are invited to attend. Journalists, photographers and cameramen are required to register at
Forbes
11-06-2025
- Business
- Forbes
The NCAA Settlement Brings Lots Of Questions And Few Answers
The NCAA finally secured its long-awaited settlement that will change college sports forever. It will cost the organization an eye-watering $2.8 billion and allow colleges and universities to directly pay student athletes going forward. But it's not enough to solve the underlying structural problems in college sports and may instead make them worse. Take the direct payments to student athletes. The agreement includes a cap, currently $20.5 million and expected to rise to $32.9 million by the 2034-35 school year. As a practical matter, that cap is really table stakes for any institution hoping to be competitive in D1 revenue sports like football or basketball. No one will be able to put together a competitive team with less, and it will tilt the playing field towards bigger, richer schools. Compounding matters, the NIL payments that have broken the amateurism model haven't gone away. They're still permitted, above and beyond the direct payments from schools, and as a practical matter, top programs may be in the position of needing to marshal $40-50 million in total. Even that won't be simple. The agreement also establishes the College Sports Commission, which is tasked with guaranteeing that NIL deals reflect 'fair market value,' using a formula developed by Deloitte. How is this supposed to work? Isn't fair market value equal to whatever someone is willing to pay? If it is, then the College Sports Commission risks becoming little more than a rubber stamp. If they try to argue that this isn't the case, lawsuits are guaranteed. Similarly, do direct payments mean athletes are now employees? Not so fast. That's another lawsuit waiting to happen, and it makes the matter of collective bargaining all the more urgent. A players union could be helpful, because it would make stronger contracts and rules possible. But would the NCAA even be able to recognize a union? Setting aside these legal matters, the money is the heart of the problem. Two Big Ten universities reportedly may have already tapped private equity for the resources they need to compete, although the universities deny this is the case. Private equity may be the right strategy for some institutions, but private equity is smart. They're not investing for kicks and will expect a significant return on their investment. All the while, smaller schools will struggle to put together the funds needed to be competitive. Leaders at those institutions need to think carefully about whether it makes sense for them to even be in D1 football or basketball. Perhaps a few Group of Five (G5) schools will be able to compete because they already have strong programs, but virtually none of them will be able to compete financially. Some schools are considering adding more student fees to pay athletes. Is it right for all students to pay more for an education so a select few can earn thousands or even millions of dollars? Other institutions will be tempted to put smaller, non-revenue Olympic sports on the chopping block. This could harm our nation's performance in the Olympics. And would it stop there? If you're willing to cut women's tennis or your swim team, what about the philosophy department? How much are administrators willing to give up just to afford football and basketball? Despite the resolution of the House case, college sports remain broken. Leaders need to step up and force meaningful and clear change, instead of waiting while lawyers and D.C. politicians run up the tab.
Forbes
10-06-2025
- Business
- Forbes
Colleges Big And Small Issue Bonds Amid Political Chaos And Trump's Higher Ed Assault
Harvard University has issued $1.18 billion in bonds so far in 2025. As the Trump administration wages its war on American colleges, schools are shoring up liquidity and taking on new debt while they wade through financial uncertainty. Debt issuance—tax-exempt and taxable—has increased this spring, says Jennifer Johnston, a senior vice president and director of municipal bonds research research at Franklin Templeton. '2024 was a record issuance year and we are currently going to outpace that if this trend keeps up,' she says. 'Last week we saw what was the second largest week of issuance, and it's all coming at a time, [summer], where issuance usually slows.' According to data from investment firm Janney Montgomery Scott, 99 colleges and universities have issued $20.8 billion in public debt so far this year, up from $17 billion by 71 institutions at the same time last year. The elite, name-brand schools—which have borne the brunt of Trump's attacks on higher education revenue, especially to research dollars—are beefing up their liquidity while they can, explains Jessica Wood, a senior director at ratings agency S&P Global. Despite its $50-plus billion endowment Harvard, Trump's current favorite target, has issued bonds twice this year, totaling $1.18 billion. Other 'wealthy' top schools, MIT, Northwestern, Princeton, Stanford and Yale have also issued new debt this spring. The group as a whole, which have endowments totaling $152 billion, or more than $2.1 million on average per student, have issued no less than $3.45 billion in both tax exempt and taxable municipal bonds. 'We are seeing a lot of higher education institutions issuing taxable debt, which gives a borrower more flexibility in terms of what they're going to use the proceeds for,' says Johnston. 'We've seen a lot of the Ivies issuing debt for cash purposes to sock away for the future.' But smaller colleges are also entering the bond market, worried about market uncertainty and potential limitations on access to tax-exempt debt. While it wasn't included in the final version of the House of Representatives' 'big, beautiful bill,' there have been efforts by Congress to change the tax law to rid individual colleges of their tax-exempt status or make it harder for schools to access tax-exempt municipal bonds. Schools are also issuing debt they had planned for the fall in an effort to get ahead of any federal policy changes. 'They're not pinched in terms of liquidity, but they're trying to keep options open,' Wood says of the smaller schools. 'So some capital projects that they might have funded from their own reserves, if they have a little bit of debt capacity right now, they're exploring that as an option.' Dozens of colleges sold or will sell bonds this month. Among them are Holy Family University in Philadelphia, which issued $13.7 million in tax-exempt bonds last week to finance capital projects, including the construction of a new welcome center and field house, and renovations to the nursing building. The Catholic University of America in Washington D.C. issued $111 million in bonds to refinance existing debt and pay for capital projects, including facilities upgrades. Suffolk University in Massachusetts issued $110 million in tax-exempt bonds, some of which will fund a $42.5 million total renovation of the humanities building. In Kansas, Washburn University issued $25.3 million in bonds for facilities upgrades and debt refinancing. Despite the myriad political attacks, S&P remains confident in top schools. The outlook for small, tuition-dependent colleges is more tenuous. 'We have a bifurcated outlook on the sector for the year,' Wood says. 'What it means is that we're negative for less selective, less flexible, lower rated institutions that tend to be more regional, but we remain stable for the higher end of institutions.'
