The University’s debt grew by more than a quarter last week after administrators sold $300 million in bonds to outside investors – the single largest assumption of debt in its history. When the University issues bonds, it accepts cash from investors in return for the promise to pay back the money plus interest – creating […]
On-campus housing applications dropped slightly this year, likely the result of harsher penalties for cancelling assignments. The more-than 200-student dip in iHousing applications represents interest from fewer juniors, Director of Housing Programs Seth Weinshel said. “The drop is mostly in juniors, which we anticipated and were prepared for,” Weinshel said, referring to the disincentive created […]
The University’s newest vice president is working to market employee benefits and cut the red tape that bogs down hiring, part of a broader strategy to differentiate GW from similar employers nationwide. Sabrina Ellis – who assumed the top human resources post in January – said Tuesday that revamping the University’s approach to faculty and […]
A smaller percentage of the freshman class received financial aid this year, despite demonstrating higher need than other incoming cohorts over the past six years, internal data show. Six percent fewer freshmen got any need – or merit-based financial aid – this year, reversing a trend of more incoming students receiving aid that has persisted […]
The University’s fundraising arm is settling into its restructured model and developing a strategy that top administrators hope will usher the institution away from its dependence on tuition revenue. Searches for nine new and existing administrative positions – including an assistant vice president for development and several school-specific fundraising directorships – are underway, with a […]
The University’s endowment took a $50 million hit since the start of this fiscal year. Executive Vice President and Treasurer Lou Katz attributed the 3.8 percent drop to “a broad decline of prices in global stock markets” during the first six months of fiscal year 2012. The endowment now stands at about $1.25 billion. About […]
The long-serving senior vice president for Student and Academic Support Services and a bastion of former University President Stephen Joel Trachtenberg’s tenure will leave his post after 24 years. Robert Chernak said he will stay on to teach in the Graduate School of Education and Human Development, where he earned his doctorate in 1997, for […]
The University’s highest governing body unanimously approved a 3.7 percent tuition hike Friday, raising next year’s tuition cost by $1,632. Tuition and fees will stand at $45,780 for all incoming freshmen and undergraduate transfer students during the 2012-2013 academic year. The increase falls in line with a four-year trend of bumping up tuition by about […]
Prescription pills don’t come cheap on the black market. In three months, Tim Rabolt burned through $10,000. His addiction to prescription pills and illicit drugs dominated his life – until last year when he made the choice to stop. Rabolt, now a freshman in the GW School of Business, is a student in recovery. He […]
President Barack Obama proposed new federal policies Jan. 27 that could tie federal funding to tuition increases – a move that he hopes will encourage schools to tackle the rising issue of college affordability. But a top University administrator remains doubtful about the impact Obama’s latest efforts will have on GW because of the University’s […]