Tag: investment

  • More parents are homeschooling–and turning to podcasts for syllabus support

    More parents are homeschooling–and turning to podcasts for syllabus support

    Key points:

    A revolution quietly underway in American education: the rise of homeschooling. In the past decade, there’s been a 61 percent increase in homeschool students across the United States, making it the fastest growing form of education in the country. You might not have noticed (I didn’t, at first), because only about 6 percent of students are homeschooled nationally. But that number is nearly double what it was just two years ago.

    Then I noticed something that made me take a closer look closer to home. At Starglow Media, the podcast company I founded in 2023, nearly 20 percent of our listenership comes from homeschool families. That substantially overindexes against the national population. In other words, podcasts were particularly popular in the homeschool community.

    I was curious, for my business and in general. We make podcasts for kids (and their parents)  without any specific content for homeschool families. Why was audio resonating so well with this audience? I did some digging, and the answers surprised me.

    First, I wanted to find out why homeschooling was booming. According to the Washington Post, the explosive growth is consistent across “every measurable line of politics, geography, and demographics.” Experts have offered multiple explanations. Some families started homeschooling during COVID and never went back, others want greater say in what their children learn. Some families feel their kids are safer from violence and discrimination at home, others think it’s a better environment for children with disabilities. All these reasons collectively suggest a broader motivation: people are dissatisfied with the traditional education system and are taking it into their own hands.

    None of these factors, however, explained why podcasts were popular among homeschool families. So I decided to ask the question myself. I reached out to some Starglow listeners in the Starglow community to hear what about the format was appealing to them. Three main themes emerged.

    Many people told me that podcasts are uniquely well-suited to address educational hurdles facing homeschool families. When you’re a homeschool parent, it can be difficult to navigate all the resources that inform lesson planning while ensuring that the content is age- and subject-appropriate. Parents have found podcasts to be an intuitive way to elevate their curricula. They can search for subjects, filter by age group, and trust that the content is suitable for their kids. Ads on the network add another layer of value–because parents can trust the content, they tend to trust further educational materials promoted via the same channels. Simply put, the podcast ecosystem offers a reliable means to supplement lesson plans.

    They also offer a clear financial benefit. Homeschooling can be expensive, especially in STEM, but the majority of states don’t offer government subsidies for homeschool education. Podcasts have proven to be a cost-effective way to supplement at-home learning modules. Parents appreciate that it’s free to listen.

    Lastly–and this came up in nearly every conversation–they fit in well to homeschool life. Routine is a critical part of any educational context, and podcasts are useful anchors in the school day. Parents can easily pair podcasts with lessons at any point in their day, whether it’s a current events primer paired with a news podcast over breakfast or a specific episode of “Who Smarted” (our most popular educational podcast) about how snow forms worked into a science lesson. In this way, podcasts are becoming an integral part of family life in the homeschool community. Educational content like “Who Smarted” or an age-appropriate audiobook of “Moby Dick” may be the gateway, but families tend to co-listen throughout the day, whether it’s to KidsNuz over coffee or a Koala Moon story at night.

    What does all this mean? Homeschooling is growing, and with it is the need for flexible, affordable, and trustworthy educational content. To meet that demand, families are turning to audio, which offers age-appropriate solutions that can be worked into family life through regular co-listening.

    I expect that the homeschool movement will continue to grow, because new formats and strategies are offering families new opportunities. That’s good news, because we need innovation in education right now. Test scores are falling, literacy is in decline, and school absenteeism hasn’t fully bounced back from the pandemic. The homeschool surge is just one indicator of our increased dissatisfaction with the status quo. If we want to course correct, we all need to embrace new resources, podcasts or otherwise, to enhance education at home and in the classroom. New media has the potential to transform how people teach–we should embrace the opportunity.

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  • How interactive tech simplifies IT and supercharges learning

    How interactive tech simplifies IT and supercharges learning

    Key points:

    Today’s school IT teams juggle endless demands–secure systems, manageable devices, and tight budgets–all while supporting teachers who need tech that just works.

    That’s where interactive displays come in. Modern, OS-agnostic solutions like Promethean’s ActivPanel 10 Premium simplify IT management, integrate seamlessly with existing systems, and cut down on maintenance headaches. For schools, that means fewer compatibility issues, stronger security, and happier teachers.

    But these tools do more than make IT’s job easier–they transform teaching and learning. Touch-enabled collaboration, instant feedback, and multimedia integration turn passive lessons into dynamic, inclusive experiences that keep students engaged and help teachers do their best work.

    Built to last, interactive displays also support long-term sustainability goals and digital fluency–skills that carry from classroom to career.

    Discover how interactive technology delivers 10 powerful benefits for schools.

    Download the full report and see how interactive solutions can help your district simplify IT, elevate instruction, and create future-ready classrooms.

    Laura Ascione
    Latest posts by Laura Ascione (see all)

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  • As more question the value of a degree, colleges fight to prove their return on investment

    As more question the value of a degree, colleges fight to prove their return on investment

    This story was produced by the Associated Press and reprinted with permission. 

    WASHINGTON – For a generation of young Americans, choosing where to go to college — or whether to go at all — has become a complex calculation of costs and benefits that often revolves around a single question: Is the degree worth its price?

    Public confidence in higher education has plummeted in recent years amid high tuition prices, skyrocketing student loans and a dismal job market — plus ideological concerns from conservatives. Now, colleges are scrambling to prove their value to students.

    Borrowed from the business world, the term “return on investment” has been plastered on college advertisements across the U.S. A battery of new rankings grade campuses on the financial benefits they deliver. States such as Colorado have started publishing yearly reports on the monetary payoff of college, and Texas now factors it into calculations for how much taxpayer money goes to community colleges.

    “Students are becoming more aware of the times when college doesn’t pay off,” said Preston Cooper, who has studied college ROI at the American Enterprise Institute, a conservative think tank. “It’s front of mind for universities today in a way that it was not necessarily 15, 20 years ago.”

    Related: Interested in more news about colleges and universities? Subscribe to our free biweekly higher education newsletter. 

    A wide body of research indicates a bachelor’s degree still pays off, at least on average and in the long run. Yet there’s growing recognition that not all degrees lead to a good salary, and even some that seem like a good bet are becoming riskier as graduates face one of the toughest job markets in years. 

    A new analysis released Thursday by the Strada Education Foundation finds 70 percent of recent public university graduates can expect a positive return within 10 years — meaning their earnings over a decade will exceed that of a typical high school graduate by an amount greater than the cost of their degree. Yet it varies by state, from 53 percent in North Dakota to 82 percent in Washington, D.C. States where college is more affordable have fared better, the report says.

    It’s a critical issue for families who wonder how college tuition prices could ever pay off, said Emilia Mattucci, a high school counselor at East Allegheny schools, near Pittsburgh. More than two-thirds of her school’s students come from low-income families, and many aren’t willing to take on the level of debt that past generations accepted.

    Instead, more are heading to technical schools or the trades and passing on four-year universities, she said.

    “A lot of families are just saying they can’t afford it, or they don’t want to go into debt for years and years and years,” she said.

    Education Secretary Linda McMahon has been among those questioning the need for a four-year degree. Speaking at the Reagan Institute think tank in September, McMahon praised programs that prepare students for careers right out of high school.

    “I’m not saying kids shouldn’t go to college,” she said. “I’m just saying all kids don’t have to go in order to be successful.”

    Related: OPINION: College is worth it for most students, but its benefits are not equitable

    American higher education has been grappling with both sides of the ROI equation — tuition costs and graduate earnings. It’s becoming even more important as colleges compete for decreasing numbers of college-age students as a result of falling birth rates.

    Tuition rates have stayed flat on many campuses in recent years to address affordability concerns, and many private colleges have lowered their sticker prices in an effort to better reflect the cost most students actually pay after factoring in financial aid.

    The other part of the equation — making sure graduates land good jobs — is more complicated.

    A group of college presidents recently met at Gallup’s Washington headquarters to study public polling on higher education. One of the chief reasons for flagging confidence is a perception that colleges aren’t giving graduates the skills employers need, said Kevin Guskiewicz, president of Michigan State University, one of the leaders at the meeting.

    “We’re trying to get out in front of that,” he said.

    The issue has been a priority for Guskiewicz since he arrived on campus last year. He gathered a council of Michigan business leaders to identify skills that graduates will need for jobs, from agriculture to banking. The goal is to mold degree programs to the job market’s needs and to get students internships and work experience that can lead to a job.

    Related: What’s a college degree worth? States start to demand colleges share the data

    Bridging the gap to the job market has been a persistent struggle for U.S. colleges, said Matt Sigelman, president of the Burning Glass Institute, a think tank that studies the workforce. Last year the institute, partnering with Strada researchers, found 52 percent of recent college graduates were in jobs that didn’t require a degree. Even higher-demand fields, such as education and nursing, had large numbers of graduates in that situation.

    “No programs are immune, and no schools are immune,” Sigelman said. 

    The federal government has been trying to fix the problem for decades, going back to President Barack Obama’s administration. A federal rule first established in 2011 aimed to cut federal money to college programs that leave graduates with low earnings, though it primarily targeted for-profit colleges.

    A Republican reconciliation bill passed this year takes a wider view, requiring most colleges to hit earnings standards to be eligible for federal funding. The goal is to make sure college graduates end up earning more than those without a degree. 

    Others see transparency as a key solution.

    For decades, students had little way to know whether graduates of specific degree programs were landing good jobs after college. That started to change with the College Scorecard in 2015, a federal website that shares broad earnings outcomes for college programs. More recently, bipartisan legislation in Congress has sought to give the public even more detailed data.

    Lawmakers in North Carolina ordered a 2023 study on the financial return for degrees across the state’s public universities. It found that 93 percent produced a positive return, meaning graduates were expected to earn more over their lives than someone without a similar degree.

    The data is available to the public, showing, for example, that undergraduate degrees in applied math and business tend to have high returns at the University of North Carolina at Chapel Hill, while graduate degrees in psychology and foreign languages often don’t.

    Colleges are belatedly realizing how important that kind of data is to students and their families, said Lee Roberts, chancellor of UNC-Chapel Hill, in an interview.

    “In uncertain times, students are even more focused — I would say rightly so — on what their job prospects are going to be,” he added. “So I think colleges and universities really owe students and their families this data.”

    The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

    The Strada Education Foundation, whose research is mentioned in this story, is one of the many funders of The Hechinger Report.

    The Hechinger Report provides in-depth, fact-based, unbiased reporting on education that is free to all readers. But that doesn’t mean it’s free to produce. Our work keeps educators and the public informed about pressing issues at schools and on campuses throughout the country. We tell the whole story, even when the details are inconvenient. Help us keep doing that.

    Join us today.

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  • ARTIFICIAL INTELLIGENCE AND THE FUTURE OF HBCUS: A CALL FOR INVESTMENT, INNOVATION, AND INCLUSION

    ARTIFICIAL INTELLIGENCE AND THE FUTURE OF HBCUS: A CALL FOR INVESTMENT, INNOVATION, AND INCLUSION

    Dr. Emmanuel LalandeHistorically Black Colleges and Universities (HBCUs) have always stood on the frontlines of educational equity, carving pathways to excellence for generations of Black students against overwhelming odds. Today, as higher education faces a shift driven by technology, declining enrollment, and resource disparities, a new opportunity emerges: the power of Artificial Intelligence (AI) to reshape, reimagine, and reinforce the mission of HBCUs.

    From admissions automation and predictive analytics to personalized learning and AI-powered tutoring, artificial intelligence is no longer theoretical, it is operational. At large institutions, AI-driven chatbots and enrollment algorithms have already improved student engagement and reduced summer melt. Meanwhile, HBCUs, particularly smaller and underfunded ones, risk being left behind.

    The imperative for HBCUs to act now is not about chasing trends about survival, relevance, and reclaiming leadership in shaping the future of Black education.

    AI as a Force Aligned with the HBCU Mission

    Artificial intelligence, when developed and implemented with intention and ethics, can be one of the most powerful tools for educational justice. HBCUs already do more with less. They enroll 10% of Black students in higher education and produce nearly 20% of all Black graduates. These institutions are responsible for over 25% of Black graduates in STEM fields, and they produce a significant share of Black teachers, judges, engineers, and public servants.

    The power of AI can amplify this legacy.

    • Predictive analytics can flag at-risk students based on attendance, financial aid gaps, and academic performance, helping retention teams intervene before a student drops out.
    • AI chatbots can provide round-the-clock support to students navigating complex enrollment, financial aid, or housing questions.
    • AI tutors and adaptive platforms can meet students where they are, especially for those in developmental math, science, or writing courses.
    • Smart scheduling and resource optimization tools can help HBCUs streamline operations, offering courses more efficiently and improving completion rates.

    For small HBCUs with limited staff, outdated technology, and tuition-driven models, AI can serve as a strategic equalizer. But accessing these tools requires intentional partnerships, resources, and cultural buy-in.

    The Philanthropic Moment: A Unique Opportunity

    The recent announcement from the Bill & Melinda Gates Foundation that it plans to spend its entire $200 billion endowment by 2045 presents a monumental opportunity. The foundation has declared a sharpened focus on “unlocking opportunity” through education, including major investments in AI-powered innovations in K-12 and higher education, particularly in mathematics and student learning platforms.

    One such investment is in Magma Math, an AI-driven platform that helps teachers deliver personalized math instruction. The foundation is also actively funding research and development around how AI can close opportunity gaps in postsecondary education and increase economic mobility. Their call for “AI for Equity” aligns with the HBCU mission like no other.

    Now is the time for HBCUs to boldly approach philanthropic organizations like the Gates Foundation as strategic partners capable of leading equity-driven AI implementation. 

    Other foundations should follow suit. Lumina Foundation, Carnegie Corporation, Kresge Foundation, and Strada Education Network have all expressed interest in digital learning and postsecondary success. A targeted, collaborative initiative to equip HBCUs with AI infrastructure, training, and research capacity could be transformative.

    Tech Industry Engagement: From Tokenism to True Partnership

    • The tech industry has begun investing in HBCUs, but more is needed.
    • OpenAI recently partnered with North Carolina Central University (NCCU) to support AI literacy through its Institute for Artificial Intelligence and Emerging Research. The vision includes scaling support to other HBCUs.
    • Intel has committed $750,000 to Morgan State University to advance research in AI, data science, and cybersecurity.
    • Amazon launched the Educator Enablement Program, supporting faculty at HBCUs in learning and teaching AI-related curricula.
    • Apple and Google have supported HBCU initiatives around coding, machine learning, and entrepreneurship, though these efforts are often episodic or branding-focused. What’s needed now is sustained, institutional investment.
    • Huston-Tillotson University hosted an inaugural HBCU AI Conference and Training Summit back in April, bringing together AI researchers, students, educators, and industry leaders from across the country. This gathering focused on building inclusive pathways in artificial intelligence, offering interactive workshops, recruiter engagement, and a platform for collaboration among HBCUs, community colleges, and major tech firms.

    We call on Microsoft, Salesforce, Nvidia, Coursera, Anthropic, and other major EdTech firms to go beyond surface partnerships. HBCUs are fertile ground for workforce development, AI research, and inclusive tech talent pipelines. Tech companies should invest in labs, curriculum development, student fellowships, and cloud infrastructure, especially at HBCUs without R1 status or multi-million-dollar endowments.

    A Framework for Action Across HBCUs

    To operate AI within the HBCU context, a few strategic steps can guide implementation:

    1. AI Capacity Building Across Faculty and Staff

    Workshops, certification programs, and summer institutes can train faculty to integrate AI into pedagogy, advising, and operations. Staff training can ensure AI tools support, not replace, relational student support.

    2. Student Engagement Through Research and Internships

    HBCUs can establish AI learning hubs where students gain real-world experience developing or auditing algorithms, especially those designed for educational equity.

    3. AI Governance

    Every HBCU adopting AI must also build frameworks for data privacy, transparency, and bias prevention. As institutions historically rooted in justice, HBCUs can lead the national conversation on ethical AI.

    4. Regional and Consortial Collaboration

    HBCUs can pool resources to co-purchase AI tools, share grant writers, and build regional research centers. Joint proposals to federal agencies and tech firms will yield greater impact.

    5. AI in Strategic Planning and Accreditation

    Institutions should embed AI as a theme in Quality Enhancement Plans (QEPs), Title III initiatives, and enrollment management strategies. AI should not be a novelty, it should be a core driver of sustainability and innovation.

    Reclaiming the Future

    HBCUs were built to meet an unmet need in American education. They responded to exclusion with excellence. They turned marginalization into momentum. Today, they can do it again, this time with algorithms, neural networks, and digital dashboards.

    But this moment calls for bold leadership. We must go beyond curiosity and into strategy. We must demand resources, form coalitions, and prepare our institutions not just to use AI, but to shape it.

    Let them define what culturally competent, mission-driven artificial intelligence looks like in real life, not in theory. 

    And to the Gates Foundation, Intel, OpenAI, Amazon, and all who believe in the transformative power of education: invest in HBCUs. Not as charity, but as the smartest, most impactful decision you can make for the future of American innovation.

    Because when HBCUs lead, communities rise. And with AI in our hands, the next 
    level of excellence is well within reach.

    Dr. Emmanuel Lalande currently serves as Vice President for Enrollment and Student Success and Special Assistant to the President at Voorhees University.

     

     

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  • ‘The best time to be alive’ explains edtech entrepreneur

    ‘The best time to be alive’ explains edtech entrepreneur

    The post ‘The best time to be alive’ explains edtech entrepreneur appeared first on The PIE News.

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  • U.S. Higher Ed’s Investment in Sustainable Development Lags

    U.S. Higher Ed’s Investment in Sustainable Development Lags

    Colleges and universities in the United States lag behind their peers around the globe in working toward the United Nations’ 17 Sustainable Development Goals—including ending poverty and hunger, climate action, and expanding access to education—according to the Times Higher Education Impact Rankings 2025, published today.

    The Trump administration’s financial and political attacks on higher education, as well as more pressing problems across the sector, mean it’s unlikely U.S. colleges will prioritize sustainability work in the near future.

    While seven Canadian universities—including Queen’s University, McMaster University and the University of Alberta—ranked in the global top 50, Arizona State University, ranked joint sixth, is the only U.S.-based institution to crack the top 50. Three highly ranked U.S. colleges fell out of the global top 50 this year: Michigan State University is now at joint 61st, Penn State at joint 64th and Florida International University at joint 71st.

    Western Sydney University in Australia topped the global ranking for the fourth year in a row.

    THE—Inside Higher Ed’s parent company—ranked the sustainability efforts of 2,526 universities from 130 countries; 52 institutions from across the U.S. participated in the 2025 ranking, down from 58 in 2024.

    Since 2019, THE has evaluated the performance of thousands of higher education institutions across the globe on the U.N.’s 17 Sustainable Development Goals. Universities that want to participate in the rankings are required to submit information for SDG 17, Partnerships and Goals, and at least three other SDGs. How well an institution meets those goals is then evaluated across four broad categories: research, stewardship, outreach and teaching.

    Phil Baty, chief global affairs officer for THE, described American universities’ “general lack of direct engagement with the SDGs” as “disappointing,” especially because the U.S. has some of the world’s strongest research universities. “I’d hope they can turn their greatest minds more overtly towards tackling the world’s most pressing and urgent challenges.”

    Under Trump, SDGs May Be ‘More Risky’

    Although the nation’s lackluster showing in the 2025 Impact Rankings is based on university data that predates the start of President Donald Trump’s second term, the administration’s attacks on the sector and political stances suggest the country’s higher education institutions may only face more barriers to becoming global sustainability leaders.

    In March, the Trump administration denounced the SDGs, which the U.N. created in 2015 during President Barack Obama’s administration with the aim of reaching them by 2030. The second Trump administration has also pulled out of other international sustainability initiatives, including the Paris Agreement on climate change, and moved to cut billions in funding for scientific research and social programs—including many focused on reducing social inequities, addressing climate change and advancing diversity, equity and inclusion efforts.

    Bryan Alexander, a scholar who studies the future of higher education and author of 2023’s Universities on Fire: Higher Education in the Age of Climate Crisis, wrote in an email to Inside Higher Ed that even before the Trump administration’s denouncement of the SDGs, they’d failed to gain much traction among U.S. universities.

    “When I mention SDGs in academic settings, I usually see blank faces and have to explain what they are,” he wrote, attributing the indifference to a stronger focus on other, seemingly more pressing matters plaguing higher education, such as financial instability. “That sense of institutional urgency, heightened by a steady stream of campuses closing, merging, or cutting programs and staff, looms large. In that context, the SDG goals look like noble but not essential, nice-to-haves rather than imperatives.”

    According to Alexander, other deterrents to the sector launching a widespread commitment to sustainable development include faculty burnout, scarce resources, anti-expert animus, doubts from faculty and administrators that their efforts will make a difference, and anxiety about associated political risks.

    And he expects all those problems to persist, if not worsen, in the coming years as Trump continues his assault on universities and pro-sustainability initiatives. “The anti-DEI campaign strikes directly at several SDGs,” Alexander wrote. “It will be harder for academics to win external support for any such work, from doing research to offering new academic programs, overhauling a campus power system to replacing vehicles with electric vehicles. It will appear to be politically even more risky.”

    However, he said there are some less risky actions U.S. institutions can take to be more sustainable.

    “First, renewable energy, especially solar, is simply cheaper than fossil fuels. Switching a campus’ power supply just makes financial sense,” he said. “Second, traditional-age undergraduates are much more interested in climate change and sustainable development than their elders, which means they will tend to be eager to take classes and study in programs along those lines.”

    Walking a Fine Line

    ASU also tops the global ranking for SDG 14: Life Below Water, which means it’s at the forefront of developing strategies that support the health and sustainability of aquatic ecosystems.

    It launched one of the nation’s first schools of sustainability nearly 20 years ago, and although its main campus is located in the Arizona desert, ASU launched the School of Ocean Futures in 2024. The school connects research and teaching facilities in the Pacific and Atlantic Oceans with research happening on its main campus in Tempe.

    The school is one example of how universities can help to “restore balance within the global environment,” said Marc Campbell, ASU’s assistant vice president of sustainability and deputy chief sustainability officer.

    “Fundamentally, the work of sustainability is about trying to be more efficient in the use of our resources and trying to protect what’s out there,” Campbell said. “A lot of people can support the foundational work of sustainability, but we need to unload some of the baggage that’s associated with the word and the discipline.”

    Doing that, he said, will come from making a case for the economic and social value of investing in sustainable development initiatives.

    “In any organization there are supporters and detractors. You have to figure out how to walk that fine line to get people supporting the greater good and recognizing what that is,” Campbell said.

    “When we can do that more effectively across the board and build broader collaborative partnerships with other organizations that are focused on the same goals, then I think we can get past some of the [political] baggage.”

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  • University of Michigan scraps multimillion dollar DEI investment

    University of Michigan scraps multimillion dollar DEI investment

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       Dive Brief:

    • The University of Michigan has scrapped its multimillion dollar university-wide strategic plan to promote diversity, equity and inclusion amid increasing pressure from the Trump administration on the sector. 
    • With the move, the public flagship shuttered two equity-focused offices — its Office of Diversity, Equity and Inclusion and Office for Health Equity and Inclusion — and ended all DEI programming and spending, according to the Thursday announcement. 
    • The student services provided by the DEI office will be housed under different unnamed departments. And employees who led DEI efforts will “refocus their full effort on their core responsibilities,” university leadership said. They did not say if the restructuring would result in layoffs.

    Dive Insight:

    In Thursday’s announcement, President Santa Ono and other university leaders cited President Donald Trump’s flurry of executive orders attacking DEI efforts and the U.S. Department of Education’s resulting Dear Colleague letter.

    Many universities across the country have already caved under the Trump administration’s pressure. But the University of Michigan’s compliance represents a significant victory for the White House.

    In fall 2023, the public flagship launched its DEI 2.0 Strategic Plan, a five-year blueprint even longer in the making.

    “The university’s DEI efforts are a perpetual work in progress, and we are committed to this ongoing journey and one where we never reach our destination,” the plan’s webpage said. It describes the plan as a “campuswide effort engaging all levels of the university”

    In total, the university spent some $250 million dollars on diversity efforts, according to Regent Jordan Acker.

    But Acker and other critics have argued that the investment did not result in the desired outcome. 

    “The population of minority students at UM has grown little — and much of the resources we’ve devoted to these efforts has gone into administrative overhead, not outreach to students,” he said in a Thursday statement on social media.

    Before the launch of the university’s first DEI strategic plan, it faced a years-long struggle boosting Black enrollment, to the dissatisfaction of students and administration alike.

    In 2023, 14.1% of Michigan residents were Black, according to federal data. That fall, just 4.6% of the university’s students were Black.

    Acker described the elimination of the university’s DEI efforts as a means of focusing resources on programs of “real impact,” such as the university’s Go Blue Guarantee, which offers free and reduced tuition to qualifying Michigan residents.

    In its announcement this week, the university spotlighted Go Blue and its Wolverine Pathways program — which works with K-12 students in under-resourced communities — when touting its student successes.

    Among undergraduates, first-generation students have increased 46% and Pell Grant recipients by about 32% since 2016, university leaders said Thursday, attributing the growth to those two programs.

    The University of Michigan also said Thursday it will expand another student success program designed for undergraduates who are former foster care youths or are “navigating their educational journey without the support of their parents or guardians.”

    Because those initiatives do not explicitly mention diversity or race, they are set to survive the university’s purge of programs.

    Not all will be so lucky.

    Among its many DEI programs, the University of Michigan oversees the National Center for Institutional Diversity, the Diversity Scholars Network, and a public safety task force dedicated to addressing structural racism in policing.

    The university’s general counsel will be conducting an “expedited review” of all institutional policies, programs and practices to ensure compliance with the Trump administrations’ orders, according to Thursday’s announcement.

    Additionally, all departments are expected to ensure their webpages are in compliance and “reflect the status of current programmatic directions” at the university.

    “These decisions have not been made lightly,” Ono said Thursday. “We recognize the changes are significant and will be challenging for many of us, especially those whose lives and careers have been enriched by and dedicated to programs that are now pivoting.”

    Additionally, the university’s Alumni Association this month ended LEAD Scholars, a 16-year-old merit scholarship for admitted students who exemplify “leadership, excellence, achievement, and diversity.” The group cited the same federal pressures as university leaders.

    In an email Thursday, the head of the university’s faculty senate called the move to dismantle DEI infrastructure an “assault on the democratic values of public education and attacks on marginalized students, staff, and faculty.”

    Senate Chair Rebekah Modrak lambasted the Trump Administration as using “the power of the government to engineer a sweeping culture change towards white supremacy.”

    “Unfortunately, University of Michigan leaders seem determined to comply and to collaborate in our own destruction,” she said. “There are legal recourses that the university and university associations can and must take.”

    The faculty senate held a closed emergency meeting Friday for university employees and students to discuss next steps.

    This isn’t the first move against DEI the university has taken.

    In December, the University of Michigan eliminated the use of diversity statements from the hiring, promotion or tenure processes. A faculty working group recommended the change, but it also advised the university to ask instructors to incorporate information about their DEI efforts into their teaching, research and service statements.

    Michigan’s administration did not enact the second recommendation at the time, and such actions are now banned following Thursday’s announcement.

    Sarah Hubbard, a regent on the University of Michigan’s board and a consistent opponent of DEI efforts, praised the cancellations.

    “Ending DEI programs will also allow us to better expand diversity of thought and free speech on our campus. The end of litmus test hiring and curtailment of speech stops now,” Hubbard said in a Thursday social media post.   

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  • Endowments grew 4% in FY2024 on investment returns, donations

    Endowments grew 4% in FY2024 on investment returns, donations

    Dive Brief:

    • The value of college endowments collectively grew 4% in fiscal 2024 thanks to a combination of strong investment returns and a rise in donations, according to the latest data from the National Association of College and University Business Officers and asset management firm Commonfund.
    • The total value of the endowments of the 658 institutions that participated in the study reached $873.7 billion for the year, with a median endowment value of $243 million. Of the survey respondents, 144 had endowments of $1 billion or more, comprising roughly 86% of the total value reported.
    • Gifts to endowments rose to $15.2 billion from $12.7 billion last year, according to the study. Draws on funds rose as well, by 6.4% year over year to $30.1 billion in spending at institutions. 

    Dive Insight:

    Investment returns remained strong through 2024, supporting institutions’ spending from their endowments. Ten-year average annual returns stood at 6.8% for fiscal 2024, down slightly from last year but still robust enough to make spending with endowment money “possible and prudent,” NACUBO and Commonfund said in a press release. The average one-year return hit 11.2%, a 3.5 percentage point increase over 2023.

    On average, endowments funded 14% of institutions’ operating budget, up from 10.9% in fiscal 2023, according to the NACUBO-Commonfund study. 

    Student aid represented the largest share by far of endowment spending, at 48.1%, followed by academic programs and research at 17.7%. 

    Colleges spend the largest share of endowment funds on student financial aid

    Endowment spending distribution by function in fiscal 2024

    “Faculty and staff certainly benefit from this philanthropy, but students remain the primary beneficiaries, as the bulk of these resources is used to maintain student aid and affordability,” NACUBO President and CEO Kara Freeman said in a statement.

    The list of the largest endowments looks very similar to that of years past. In the No. 1 spot, once again, is Harvard University, with a value of about $52 billion, up 5% from last year. Harvard is followed by the University of Texas System ($47.5 billion) and Yale University ($41.4 billion). 

    Harvard University has the largest endowment — again

    Endowment sizes in fiscal 2024 by total market value and value per student

    Those wealthy endowments are once again in the spotlight as President Donald Trump and Republicans eye higher tax rates on colleges’ investment funds.

    During Trump’s first term, he signed a tax bill containing a 1.4% levy against the investment income of private colleges whose endowments are valued at $500,000 or more per student. House Republicans this year floated a plan to jack that rate up to 14%. Others have proposed yet higher rates, including 21%, to be in line with the same rates paid by for-profit corporations. 

    NACUBO addressed the politics around endowments in its release of the latest data. 

    Pointing to how institutions use their endowments on student aid and other core functions, Freeman said, “This is incredibly important work and demonstrates how short-sighted it would be to further tax these funds and divert them from their true purpose.” 

    Mark Anson, Commonfund CEO and chief investment officer, said at a Tuesday media briefing that institutions would have to take a close look at post-tax investment returns should higher rates become law. That could in turn push many to look at more aggressive investing strategies, while others would likely see the share of their operations financed by endowments fall, Anson added.

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