28 May 2014


You probably didn’t know it, but tuition increases, growing student loan debt and tax dollars for public higher education are funding Wall Street profits.

In 2012, Wall Street raked in $44 billion in profits from college students, colleges and taxpayers. That’s nearly 10 percent of the total amount spent on higher education in America.
Watch the video to learn how the “Wall Street skim” is driving up the cost of opportunity for all of us.

In the last 15 years, student debt has increased more than 1,000 percent. In 2012, students and families paid Wall Street and the Department of Education $33 billion in student loan interest, while colleges paid another $7 billion in financing costs on institutional loans, and for-profit colleges raked in about $4 billion in profits.

A college education is a pathway to opportunity, but it’s getting harder to achieve because costs keep rising. Money from college tuition and taxpayer dollars shouldn’t go to Wall Street profits—it should go to making college affordable and accessible for all students.

Today, the University of California at Berkeley’s Institute for Research on Labor and Employment released a report that explains “The Hidden Costs of Financing U.S. Higher Education.” Public colleges are facing a decline in state funding, so they have to increase their debt and issue capital bonds to investors, and they push students to borrow more money from student loan profiteers. In addition, for-profit colleges continue to divert tuition from high-quality education to stockholders.
Watch the video to see how students, colleges and communities are paying for Wall Street profits.

Watch the video

Over the coming months, we’ll be using this report to fight to reclaim the promise of a high-quality, affordable college education. But first, we need people to know that the opportunity to get a college education is being threatened by Wall Street profits. I hope you’ll watch and share the video.
In unity,
Craig Smith
AFT Higher Education


27 May 2014

UWN: New global university ranking launched – U-Multirank


It takes a user-driven, multi-dimensional approach comparing different kinds of institutions across a range of activities and grading them from A for ‘very good’ to E for ‘weak’, rather than producing a global top 100 universities based on composite scores.

Users are encouraged to produce their own rankings, but U-Multirank also generated three ‘readymade’ rankings to illustrate its work in the areas of research, economic involvement and business studies programmes – one of four fields studied in the first ranking exercise.


Ranking of Malaysian universities:

Research and research linkage:
1) USM  (601-650)
2) UKM  (651-700)
3) UM    (651-700)

Economic Involvement:
1) UM   (501-550)
2) USM (601-650)
3) UKM (651-700)

UWN: Improve grades – make core texts available


Does providing core texts free as e-books boost applications and could it help even the playing field among students with differing income levels? Yes, it does and it can.

20 May 2014

University World News: The end of Academic Journal Editors

First paper publication, next electronic publication and open access, coming soon self publication

Electronic publishing and open access means the role of editors at the big journals could soon become obsolete, especially if scientists team up with computer programmers to devise an easy way to find self-published articles.


13 May 2014

Malaysian Insider: QS Asian University Rankings

MAY 13, 2014

02 May 2014

NATURE: Retractions: A clean slate

Mistakes are part of science. But setting the record straight promptly and clearly can help to avoid a career blot.

Source: COPE; Council of Science Editors


NATURE: Share alike

First there was open access for papers, now open data