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The Connecticut Supreme Court today at 11:30 a.m. is releasing a long-awaited decision in an education-funding lawsuit brought to establish that children have a right to an "adequate" education, not merely a free and public education. The decision will be accompanied by two dissenting and concurring opinions, indicating a deeply divided court. The justices have been wrestling with this case since 2008. The suit was filed by the Connecticut Coalition for Justice in Education Funding, which maintains a web site with detailed background, arguments and relevant documents. The coalition's amended complaint can be read here. The plaintiffs call the case,...

MONTGOMERY (AP) — Alabama's prepaid college tuition plan appears unable to pay tuition beyond the fall semester of 2011 and still have enough money to provide refunds to the 44,000 participants, administrators said. For leaders of the Save Alabama PACT parents group, that creates the need for the Legislature to find a solution in the current legislative session. Patti Lambert of Decatur, the group's co-founder, said she would prefer a solution in the Statehouse rather than the courthouse, but members may have no choice but to join a handful of parents who have already sued the state to demand the...

While government leaders attempt to tackle budget deficits that are ballooning to historic proportions, 55% of Americans say the government does not spend enough money on public education. A new Rasmussen Reports national telephone survey shows that just 20% think the government spends too much on public education, while another 21% say the amount it spends is about right. Sixty-seven percent (67%) of Democrats and 55% of voters not affiliated with either party say the government does not spend enough, a view shared by just 42% of Republicans. Among all voters, 45% believe it is more important for the government...

Fifteen states and the District of Columbia survived the first cut Thursday in the Obama administration's unprecedented $4 billion school reform contest. This Story 15 states, D.C. make first cut in Race to the Top school reform contest R.I. district may reverse firing of high school teachers See our Higher Ed page for college news & admission advice at washingtonpost.com/higher-ed Analysts pointed to some surprises among the finalists, including New York, Ohio and Kentucky. It was also notable that the most populous state, California, missed the cut even though the state's legislature approved a significant school-improvement plan. Federal officials say...

WASHINGTON (Reuters) - Many teachers and educators across the United States are at risk of losing their jobs in the next few months, the country's education secretary told a meeting of the National Governors Association on Sunday.

WASHINGTON (Reuters) - Many teachers and educators across the United States are at risk of losing their jobs in the next few months, the country's education secretary told a meeting of the National Governors Association on Sunday. "I am very, very concerned about layoffs going into the next school year starting in September. Good superintendents are going to start sending out pink slips in March and April, like a month from now, as they start to plan for their budgets," said Arne Duncan, referring to the slips of paper included in some paychecks to notify a person of being fired....

By TERENCE CHEA SAN FRANCISCO – The nation's public schools are falling under severe financial stress as states slash education spending and drain federal stimulus money that staved off deep classroom cuts and widespread job losses. School districts have already suffered big budget cuts since the recession began two years ago, but experts say the cash crunch will get a lot worse as states run out of stimulus dollars. The result in many hard-hit districts: more teacher layoffs, larger class sizes, smaller paychecks, fewer electives and extracurricular activities, and decimated summer school programs. The situation is particularly ugly in California,...

The state's largest teachers union, which stood against Minnesota's application for millions in federal "Race to the Top" funding, plans a 10-week TV ad campaign to push the Legislature for more funding. Don't cut schools to balance the budget, Education Minnesota will say. But that plea leaves out important context, such as this from our side of the river: 1. During a deep recession, the union drives through $10 million worth of salary and benefit increases. 2. Which amounts to close to half of this year's operating deficit. 3. And then will be followed by TV ads urging the Legislature...

Central Pennsylvania school districts received millions of dollars in federal stimulus funding and were advised to use the money for one-time expenses, since it will last for only two years. But with the tight economy, many districts are using the money to fill gaps that otherwise may have had to be handled by cuts or tax increases. In addition to using the money for operating expenses, Harris said many districts are using the funding for small purchases rather than large-scale projects. Though districts were advised by federal officials on how to use the money, they were not restricted in its...

It happened at least once a year, every year. In a roomful of a dozen Harvard University financial officials, Jack Meyer, the hugely successful head of Harvard’s endowment, and Lawrence Summers, then the school’s president, would face off in a heated debate. The topic: cash and how the university was managing - or mismanaging - its basic operating funds. Through the first half of this decade, Meyer repeatedly warned Summers and other Harvard officials that the school was being too aggressive with billions of dollars in cash, according to people present for the discussions, investing almost all of it with...

RALEIGH, N.C. (AP) - Students aren't the only ones benefiting from the billions of new dollars Washington is spending on college aid for the poor. An Associated Press analysis shows surging proportions of both low-income students and the recently boosted government money that follows them are ending up at for-profit schools, from local career colleges to giant publicly traded chains such as the University of Phoenix, Kaplan and Devry.

Title IX Expansions Bethany Stotts, November 20, 2009 During a November 10 press call on “Women Scientists and American Competitiveness,” speakers suggested that Title IX should be used to focus on “educational equity” and not just athletic equity. One speaker stressed, in particular, the importance of reaching out to federal agencies such as the National Science Foundation (NSF), the National Institutes for Health (NIH), the Department of Defense (DOD), and the Department of Energy (DOE) for additional grant money. (Predoctoral women received 63% of the NIH’s awards in 2007, but only 25% of “competitive faculty grants” that same year, reports...

GRAND RAPIDS -- Gov. Jennifer Granholm told Kent County educators Friday the state's school financing system "clearly is not working" and said lawmakers must agree to both a short-term fix as well as long-term changes by the end of the year. But the gathering of superintendents and school board members also gave Granholm an earful, especially after she said lawmakers are "battle weary." "If elected people are weary, my level of sympathy for them is zilch," Catherine Mueller, Grand Rapids school board president, told Granholm. "They ran for these jobs and put themselves in this situation." Granholm appeared before educators...

Harvard University’s failed bet that interest rates would rise cost the school at least $500 million in payments to escape derivatives that backfired, reports Bloomberg. Harvard paid $497.6 million to investment banks during the fiscal year ended June 30 to get out of $1.1 billion of interest-rate swaps intended to hedge variable-rate debt for capital projects, the school’s annual report said. Harvard said it also agreed to pay $425 million over 30 to 40 years to offset an additional $764 million in swaps. The transactions began losing value last year as central banks slashed benchmark lending rates, forcing the university...

How Harvard Nearly Went Bankrupt After A Rogue Interest Rate Swap Went Very Sour Submitted by Tyler Durden on 10/16/2009 17:45 -0500 The school that epitomizes the dangers of groupthink (especially by very intelligent people) and tends to get caught in both the virtues and vices of its own ingeniosity, saw just how expensive hubris can be in 2009. Harvard's endowment dropped 27.3% in 2009 to $27 after hitting roughly $10 billion higher the year before. /snip Yet most notable in the entire report is an interesting story for all those who claim that representing the $200 or so trillion...

Verbotten. story here.

A skirmish between powerful teachers’ unions and President Barack Obama over nearly $5 billion in education spending is shaping up as a preview of the battle to come over No Child Left Behind in Congress early next year. But the tables are turned: now the unions are worried that Obama, a Democratic ally, is going to be just as tough on them as President George W. Bush, a longtime foe.

Harvard University last year lost nearly $2 billion in the cash account it uses to pay for daily operations, by investing the money with its endowment fund instead of keeping it in safer, bank-like accounts. The loss, disclosed today in the university's annual financial report, resulted from Harvard financial executives taking the unusual step of placing a large mount of the university's cash with Harvard Management Co., the entity that runs the school's endowment and invests in stocks, hedge funds and other risky assets. Typically, companies and institutions manage their cash accounts conservatively in order to have funds readily available,...

The debate over No Child Left Behind re-authorization is upon us. Except it isn’t. In his recent speech kicking off the discussion, education secretary Arne Duncan asked not whether the central federal education law should be reauthorized, he merely asked how. Let’s step back a bit, and examine why we should end federal intervention in (and spending on) our nation’s schools… in one thousand words or less: