BUSINESSINTEL
BY THE NUMBERS
BUSINESSINTEL
LEADERSHIP
Undergraduates Who
Forgo Financial Aid
When Presidents Make Tough Decisions
One-third
4 out of 10
Of the students who did not apply for any aid, estimated
proportion who thought they were ineligible for any aid.
Proportion who did not apply for
aid because they did not want to
take on any student loan debt.
18.1M
Total number of undergraduate students
enrolled in fall 2011.
T
wo presidents shared
experiences in making
hard, and sometimes
controversial, decisions
to help their institutions
overcome difficult challenges.
At a NACUBO 2016 Annual
Meeting session “Preserving
Mission and Heritage While
Adapting to a New Era,”
Lynn Pasquerella, who took
over as president of Mount
Holyoke College in 2010, said
that the women’s college in
Massachusetts was facing a
structural deficit in the doubledigit millions. Institutions facing
similar challenges were considering becoming coeducational,
introducing pre-professional
programs, and expanding into
urban areas, said Pasquerella,
who is now the president of
the Association of American
Colleges and Universities. At
that time, Mount Holyoke did
not offer graduate programs
and online courses, and had
a rigid liberal arts curriculum,
including a two-year language
requirement.
Faculty members could go
on a yearlong sabbatical after
every six semesters (three years).
This meant that Mount Holyoke
was spending $4 million a year
on replacing professors on
sabbatical, while other similar
Statement of Ownership, Management, and Circulation
20%
Share of undergraduates who
did not apply for any financial
aid in academic year 2011–12.
$85,329
Median family income of financially dependent
undergraduates who did not apply for financial aid.
69%
Share of undergraduates
who did not apply for aid who
worked at least part time while
enrolled in college.
$10,962
Mean total cost of one year of college for
undergraduates who did not apply for financial aid.
Sources: 2014 Digest of Education Statistics National Center for Education Statistics; Data Point—Undergraduates Who Did Not Apply for Financial Aid (2012 National
Postsecondary Student Aid Study [NPSAS: 12] dataset; http://nces.ed.gov/pubs2016/2016406.pdf)
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BUSINESS OFFICER NOVEMBER 2016
www.nacubo.org
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Publication title: Business Officer
Publication number: 988-680
Filing date: September 28, 2016
Issue frequency: Monthly, except for July-August double issue
Number of issues published annually: 11
Annual subscription price: $50.00
Complete mailing address of known office of publication:
1110 Vermont Avenue, NW, Suite 800
Washington, DC 20005
Contact person: Carole Schweitzer
Telephone: 202-861-2566
8. Complete mailing address of headquarters or general business office of
publisher: See No. 7
9. Full names and complete mailing addresses of publisher, editor, and
managing editor:
Publisher—National Association of College and University Business
Officers; address, see No. 7
Editor—Carole Schweitzer; address, see No. 7
Managing Editor—Khesia Taylor; address, see No. 7
10. Owner (full name and complete mailing address): National Association of
College and University Business Officers; address, see No. 7
11. Known bondholders, mortgagees, and other security holders owning or
holding 1 percent or more of total amount of bonds, mortgages, or other
securities: None
12. The purpose, function, and nonprofit status of this organization and the
exempt status for federal income tax purposes: Has not changed during
the preceding 12 months
13. Publication title: Business Officer
14. Issue date for circulation data below: September 2016
www.nacubo.org
institutions were spending less
than a million dollars every year.
One of the changes that
Pasquerella introduced and
that was met with resistance
was to extend to four years
from three the period at which
instructors qualified for a
sabbatical. At the same time,
Mount Holyoke dropped the
formal teaching load for faculty
from 4.5 to four courses a year.
Brian Johnson, who is
serving as the fifth president of
Tuskegee University since 2010,
has also made some unpopular
decisions at his institution.
He eliminated free tuition for
relatives of employees, after
learning that 220 students were
not paying tuition.
Johnson increased the
student activity fee from $50 to
$500 a semester and introduced
online offerings that produced
more than $900,000 in revenue
this year. He has built support
for these changes by being
transparent about the data and
the reasons behind the decisions. “I believe in transparency
with the board of trustees and
the alumni,” he said.
SUBMITTED BY Preeti
Vasishtha, deputy editor,
Business Officer.
[email protected]
Average No. Copies
Each Issue During
Preceding
12 Months
15. Extent and nature
of circulation:
a. Total number of copies (net press run)
b. Paid circulation (by mail and outside
the mail)
(1) Mailed outside-county paid
subscriptions
(2) Mailed in-county paid subscriptions
(3) Paid distribution outside the mail
(4) Paid distribution by other classes
mailed through the USPS
c. Total paid distribution
d. Free or nominal rate distribution
(by mail and outside the mail)
(1) Outside-county
(2) In-county
(3) Mailed at other classes through
the USPS
(4) Outside the mail
e. Total free or nominal rate distribution
f. Total distribution
g. Copies not distributed
h. Total
i. Percent paid
No. Copies
of Single
Issue Published
Nearest to Filing Date
(Sept. 2016)
24,561.2
24,001.0
23,788.9
23,348.0
0.0
226.3
5
0
156.0
5
24,020.2
23,509.0
0.0
0.0
52.9
418.2
471.1
24,491.3
69.9
24,561.2
98%
0
0
33
375
408.0
23,917
84
24,001
98.3%
16. Publication of statement of ownership: Will be printed in the November
2016 issue of this publication
17. I certify that all information furnished on this form is true and complete.
I understand that anyone who furnishes false or misleading information
on this form or who omits material or information requested on the form
may be subject to criminal sanctions (including fines and imprisonment)
and/or civil sanctions (including multiple damages and civil penalties):
Carole Schweitzer, Editor in Chief
NOVEMBER 2016 BUSINESS OFFICER
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