Tuesday, March 8, 2011
The total funding represents a $9 million increase from the 2008 fiscal year. About 83 percent (or $170 million) of the funding came from the federal government. The rest of the money came from external research grants.
The annual rate of inflation is 1.6% according to the consumer price index.
The cost of room, board and fees for undergraduate students will rise from $12,297 to $13,629, representing an overall 10.83-percent increase. Undergraduate tuition will increase by 4.4 percent in the 2011-2012 academic year, from $39,978 to $41,736.
Cornell University’s undergraduate costs increased by 4.5 percent, The Harvard Crimson reported. At $54,645, Cornell’s costs for the next academic year are closest to Dartmouth’s figure.
Undergraduate costs at Princeton University will increase by one percent to total $49,069 — the lowest in the Ivy League — for the upcoming academic year, according to a Princeton press release.
Harvard University increased its undergraduate costs by 3.8 percent to $52,650 for the 2011-2012 academic year, while Yale University undergraduate fees rose to $52,700, representing a 5.8-percent increase over the previous year, according to press releases from the Universities. Undergraduate costs increased by 3.5 percent at Brown University and 3.9 percent at the University of Pennsylvania.
Columbia University has not yet released the cost of undergraduate tution and fees for the 2011-2012 academic year.
Wednesday, March 2, 2011
Stanford University researcher Mark Holodniy had an agreement with the college, which included language that he would “agree to assign” patent rights to it. However, he also had a consulting agreement with a small start up company that collaborated with the university on the research, and signed another document that stated “I do assign my rights,” it was more of a contract.
Stanford sued stating that because because the work was done with government funding (even though Stanford is a private University), it was privy to the government’s rights.
It is expected that Supreme Court will discuss government rights and implications under the Bayh-Dole Act. The legislation was written to facilitate technology transfers outside of research. “The act was written to foster development that could be commercialized so more people benefit,” she says. “But under the act the government would retain certain rights.”
The Supreme Court will interpret the act, which they have not done before.
The University of Illinois and the state's other major academic institutions must do a better job partnering with business and political leaders to bring more research funding to the state, U. of I. board Chairman Christopher Kennedy urged Tuesday.
Kennedy, in a speech to the City Club of Chicago, argued that garnering more research grants –- which would then lead to new ideas, new companies and new jobs — would fuel a "job-creation machine" needed in the economically troubled state.
U. of I. currently brings in about $800 million annually in research funds, including about $250 million to UIC.
Question: How many jobs did this create?
Question: Where did the money ($800 million) come from? Taxpayers?
Question: How much in taxes did University of Illinois pay on the money it received? Nothing?
Fact: There are over 2500 Universities and Colleges in the United States. If only 10 received what U of I received that would be $8 billion in research grants. If only 100 received what U of I received that would be $80 billion in research grants. If only 1000 received what U of I received that would be $800 billion in research grants.
Fact: There is so much wasted taxpayer money going into Higher Education, the Federal and State Governments know about the fraud and waste and refuse to investigate or prosecute.
Fact: With Universities getting this much taxpayer money, why is there tuition at all, much less tuition that rises at a rate many times the rate of inflation?