Posted on 06/26/2016 1:40:55 PM PDT by george76
OBERLIN, Ohio - Oberlin College, in an effort to save several million dollars a year, has offered buyouts to 323 faculty and staff.
Buyout offers at colleges are rare but have become a way to encourage professors, whose positions are protected by tenure, to retire.
Oberlin offered the Voluntary Separation Incentive Plan to employees, including 100 faculty, in April. The college expects about 85 individuals to accept the offer
...
The board of trustees agreed to slow the rate of tuition increase from 3.9 percent to 2.8 percent in the 2016 fiscal year, which will result in $2.1 million in reduced gross income, the Review said.
Annual tuition and fees total $50,636. Standard room and board costs are $13,630.
But last year, approximately 80 percent of Oberlin students received some form of financial aid, with an average grant of $32,000—a total of nearly $59 million
...
Oberlin did remove a clause in the retirement agreement that had concerned faculty and staff. The clause had made it illegal for anyone who takes the severance to publicly criticize the college or other signees
(Excerpt) Read more at cleveland.com ...
$64k a year for a no name college???
Not exactly. Oberlin is infamous as a bastion of leftist madness.
That obnoxious Dunham pig got her indoctrination there.
“80 percent of Oberlin students received some form of financial aid, with an average grant of $32,000”
And you guys were thinking why this sorry excuse of a school was failing. Both teachers and students were lazy leeches..
Interesting article; reputation of college is down on the list: http://www.theatlantic.com/business/archive/2014/08/the-thing-employers-look-for-when-hiring-recent-graduates/378693/
Do you mean to inform me that I, a taxpayer, am subsidizing leftist madness?
They could change their name to Venezuela North.
I hate the concept of Tenure, is is kind of like appointing Judges to lifetime terms.
No one should be appointed to ANY position for life!
The end is near for Big Education and their enslavement to student loan debt of their unsuspecting 18-year old victims.
Excellent, the implosion of the Education complex begins slowly but will soon build up a head of steam.
Tuition should be no higher than the minimum wage ~$10/hr....
$64,000 per year and this is what their parents get?
College tuition has gone up over 1000% since 1980.
The only reason for it was that 18-year olds were willing to borrow as much as the schools told them to, and the feral government let them.
That is ridiculous. CalTech shows up as number 1 or 2 on multiple international rankings.
Oberlin?
Where intelligence goes to die.
Yes, the Post-Secondary Indebtedness Complex is finally on a downward slide.
Consider yourself informed....
We all subsidize “leftest madness” in all states, counties and municipalities.
The real question is, when will we wake up??
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