Richard Marston of the Wharton School comments on saving for retirement.
Penn Daily News Service | Oct 23, 2014
Penn in the News
Postdoctoral fellow Piotr Szpunar of the Annenberg School for Communication is interviewed about the shooting at the national war memorial in Ottawa.
Michael Useem of the Wharton School suggests that companies should have multiple successors on standby at all times.
Amy Behrman of the Perelman School of Medicine says, “Vaccination is probably the best weapon against influenza and reduces the risk of people transmitting a debilitating disease.”
Noteworthy in Higher Education
After five years of declining enrollment in its traditional M.B.A. program, Wake Forest University is shifting gears to focus on an area where it sees greater demand -- those M.B.A. seekers who want to earn a paycheck while studying. Starting next year, Wake Forest will no longer accept applications for a traditional, daytime M.B.A. program at its Winston-Salem campus. Instead, the university will expand its offerings for working professionals. The decision was made after studying the program this summer and considering the needs of the market of students Wake Forest is trying to serve, said Charles Iacovou, dean of the College of Business.
In the scramble for colleges and universities to stem the tide of sexual violence that has come onto their campuses, California has become the first in the nation to enact a “yes means yes” standard into law. On September 28, 2014, Governor Jerry Brown signed legislation that requires colleges and universities receiving state funds to adopt sexual assault policies that include affirmative consent as the key element in determining whether sexual activity was consensual. Just what is affirmative consent? What will count as a yes? It’s hard to say. It seems obvious, but the parameters of affirmative consent are illusive and hard to define. Even the Department of Education, which has been so aggressive in imposing onerous Title IX requirements on colleges and universities, has been resistive to defining affirmative consent. It is all a little reminiscent of Justice Stewart’s standard for pornography: “I know it when I see it.”
It was November 2009, and alarm was spreading among the academic counselors charged with bolstering the grades of football players at the University of North Carolina. For years the players and others had been receiving A’s and B’s in nonexistent classes in the African studies department, but the administrator who had set up and run the fake classes had just retired, taking all those easy grades with her. The counselors convened a meeting of the university’s football coaches, using a PowerPoint presentation to drive home the notion that the classes “had played a large role in keeping underprepared and/or unmotivated players eligible to play,” according to a report released by the university on Wednesday. “We put them in classes that met degree requirements in which ... they didn’t go to class ... they didn’t have to take notes, have to stay awake ... they didn’t have to meet with professors ... they didn’t have to pay attention or necessarily engage with the material,” a slide in the presentation said. “THESE NO LONGER EXIST!”
Borrowers with past credit problems will soon find it easier to qualify for federal PLUS loans under a final rule announced on Wednesday by the Education Department. An additional 370,000 parents and graduate students are expected to qualify for PLUS loans under the rule, which will relax the program’s underwriting criteria. But the real news in Wednesday’s announcement was that the department will begin calculating (and publishing) annual cohort default rates for institutions receiving PLUS loans, much as it already does for Stafford loans. That information will shed light on how many borrowers are benefiting from the loan program—and how many are getting in over their heads.
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