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Northwestern University said Dr. Jeffrey Glassroth has been named interim dean of the Feinberg School of Medicine, effective Jan. 1.
Glassroth is president and chief executive of the Northwestern Medical Faculty Foundation, a 700-member doctor practice affiliated with Northwestern Memorial Hospital. He is also vice dean of Feinberg School of Medicine. Get the full story »
Credit card issuers paid $83 million to colleges, alumni groups, fraternities and sororities in 2009, and the University of Illinois Alumni Association received the biggest payment, according to a new Federal Reserve report.
The U.S. credit card act passed in 2009 requires credit card companies to submit to the Fed annually a copy of any agreement between the issuer and the college and alumni group, including how much they pay for the right to market their cards. Get the full story »
U.S. for-profit education companies DeVry Inc. and Capella Education Co. warned of slowing enrollment growth in the face of an uncertain regulatory environment.
The industry has come under fire from regulators and the Obama administration — and faces possible tougher rules — for saddling students with big debts and not fully preparing them for jobs. Get the full story »
From Bloomberg News | The University of Chicago reported that its investment portfolio gained 19 percent in the past year, beating Yale University’s 8.9 percent gain and Harvard’s 11 percent increase. Its endowment was valued at $5.54 billion as of June 30.Get the full story>>
ELITE STREET | By Bob Goldsborough | Sally Blount, Northwestern University’s Kellogg School of Management’s new dean, has paid $885,000 for a six-bedroom brick Georgian-style house in Evanston. Blount joined Kellogg in July after serving as a dean at New York University. Get the full story »
Investors are fleeing for-profit college stocks after the sector’s bellwether predicted a 40 percent drop in new student enrollment next quarter.
Apollo Group Inc., which runs the University of Phoenix, attributes the expected decline to changing practices aimed at satisfying new government regulations. Get the full story »
From Crain’s Chicago Business | Hedge fund operator Steven Stevanovich, a University of Chicago trustee who once donated $7 million to the school, has been accused in a lawsuit of reaping at least $323 million in “false profits” by participating in a Ponzi scheme. Stevanovich’s attorney and a spokesman for the U. of C. did not immediately return calls. Get the full story>>
Northwestern University’s Kellogg School of Management slipped to fifth place in the Wall Street Journal’s second executive MBA rankings, released today.
The program was top ranked when the Journal issued its first executive MBA rankings in 2008. It’s also the second-most expensive program in the top 25, with a total cost of $153,900, behind Wharton, at $167,250. Get the full story »
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. economic recovery remains disappointingly slow with unemployment too high.
The Fed has a role to play in returning the economy health, he told teachers at a town-hall event.
“We certainly have in the near term and the medium term…some very difficult challenges,” he said. Get the full story »
Dr. Sherman Elias, the top obstetrician at Northwestern Memorial Hospital’s Prentice Women’s Hospital, is resigning.
Elias, Chairman of the Department of Obstetrics and Gynecology at Northwestern University’s Feinberg School of Medicine, will resign at the end of the year after seven years, the medical school confirmed to the Tribune.
Elias’ departure is viewed as a surprise, according to sources inside the hospital and medical school. He could not be reached Friday evening for comment. Get the full story »
The Lottery announced a new “Cash 4 College” scratch-off ticket Thursday. Five winners get full tuition and any mandatory fees for college. Lottery spokeswoman Tracy Owens says officials hope the new ticket will help fulfill the dream of continued education but without the worry about tuition. Get the full story »
From Crain’s Chicago Business | Northwestern University’s Feinberg School of Medicine, hit by declining endowment income and expansion costs, will get a $45 million bailout from the college and other sources.
From PoetsandQuants.com | Admissions consultants have become a permanent part of the business school landscape, with the University of Chicago’s Booth School of Business and many other B-Schools now welcoming for-hire admissions consultants. The trend is a marked change from when B-School officials spoke out against the use of consultants, and some schools explicitly forbade applicants from hiring them.
