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41-50 of 464 results

  • Newspaper

    Elite universities invest endowments via tax havens

    USA, UK

    Press

    Brendan O’Malley - University World News

    Elite universities in the United States and the United Kingdom have been investing endowment funds offshore in order to pay little or no tax, according to details revealed in the so-called Paradise Papers. According to the student run Fossil Free Pitt Coalition “We are concerned about the lack of transparency, as two-thirds of the endowment is just a mystery to us. We are suspicious about where that huge segment of the endowment is going.” An emeritus professor in accounting at the University of Essex, told the newspaper that UK universities should be more transparent about their investment decisions, since they are public institutions that receive public money, including from the European Union.

  • Newspaper

    Critics take aim at new scholarships ministry

    Zimbabwe

    Press

    Kudzai Mashininga - University World News

    Academics, student unions and opposition parties have condemned the creation by Zimbabwean President of a new ministry – of National Scholarships – against the backdrop of the country’s ongoing economic woes. The appointment of a fully-fledged ministry will pave the way for budgetary allocations in the 2018 budget expected to be tabled in parliament before the end of the year. Critics have said that said the ministry of scholarships was not necessary and that the creation of a new ministry was an attempt by the president and his party ZANU-PF to create “new jobs for the boys”.

  • Newspaper

    Students cheat in ever more creative ways: how can academics stop them

    UK

    Press

    - The Guardian

    Ways in which students cheat are either ingenious or surprisingly obvious. Why do students cheat, and risk having to retake a module, having their degree classification lowered, or even being kicked out of university? There are many reasons – including financial pressure, poor organisational skills and panic – sometimes among young people who should never have gone to university in the first place or, at the very least, who should have had more support structures in place when they started.

  • Newspaper

    A student falsified his diplomas to obtain a scholarship

    France

    Press

    - Le Figaro

    A 23-year-old man, residing a stone's throw from Lyon, was arrested on Tuesday morning, 3 October, for trying to fool the higher education scholarship system. During the 2016-2017 school year, the young man had received government money based on the establishment he claimed to be attending the conditions he had declared. The problem was that the student had falsified his university registration document, and Crous, which manages student grants, came to realize it.

  • Newspaper

    Subsidies for academic papers could be withdrawn in ‘predatory publishing’ probe

    South Africa

    Press

    Bekezela Phakathi - Business Day

    The Department of Higher Education and Training will probe claims about predatory publishing, and could withdraw subsidies paid out for the academic articles in question. An analysis by Stellenbosch University researchers found that from 2005 to 2014, South African academics published more than 4,200 papers in 47 journals that were either "probably or possibly predatory". Predatory publishing involves unscrupulous open access publishers who publish articles with little or no real peer review. The government pays a university about R100,000 for an academic article, which has to be published in a journal accredited by the Department of Higher Education and Training.

  • Newspaper

    Higher Education minister fails in bid to avoid trial on fraud charge

    Zimbabwe

    Press

    Kudzai Mashininga - University World News

    Zimbabwe’s Higher and Tertiary Education, Science and Technology Development Minister has lost his Constitutional Court bid to overturn his arrest on charges of allegedly misappropriating around US$450,000 from a manpower development fund that finances students, among other activities. The minister is facing the allegations alongside the Deputy Minister and the Finance Director of Zimbabwe Manpower Development Fund (ZIMDEF). ZIMDEF was established through an act of parliament to fund human capital development.

  • Newspaper

    Flagship university faces probe over missing finances

    Tanzania UR

    Press

    Christabel Ligami - University World News

    Tanzania’s flagship University of Dar es Salaam is under investigation by the parliamentary Public Accounts Committee for the mismanagement of university funds. An audit report for the 2014-15 and 2015-16 fiscal years presented to the parliamentary committee earlier this month shows that approximately US$0.5 million was lost on unretired imprest from workers and US$0.2 million on salaries to ghost workers at the university. The committee chairperson suggested that poor financial management at the university was behind the losses.

  • Newspaper

    Federal Government to investigate universities operating multiple accounts

    Nigeria

    Press

    - The Nation

    The Federal Government says it will immediately begin to investigate universities operating multiple accounts in violation of the Treasury Single Account policy of the government in order to checkmate corrupt practices in the nation’s universities, adding that concrete efforts would be made to protect whistleblowers in the country as part of the ongoing anti- corruption crusade. The government also said it intends to find an alternative means of sourcing funds for the revitalisation of infrastructure in the universities.

  • Newspaper

    Universities told to issue regular financial reports

    Kenya

    Press

    Gilbert Nganga - University World News

    Kenya’s universities have been ordered to publish regular financial performance reports as part of sweeping regulations which take effect this year, aimed at lifting the veil of secrecy that has shrouded institutions’ financial status and effectively put millions of dollars at risk. Currently, the publication of financial performance for public universities takes as many as four years, a situation that has seen most institutions drift into financial problems. In addition, none of the private universities in the country has ever made public their financials despite their handling millions of dollars in student funds annually.

  • Newspaper

    MPs grill NSFAS‚ WSU‚ Intellimali over R14-million student deposit

    South Africa

    Press

    Thabo Mokone - Times Live

    MPs have rejected assertions by the Walter Sisulu University‚ service provider Intellimali and NSFAS that there was foul play in the "erroneous" payment of R14-million into a student’s account. The lawmakers from across the political divide pointed their guns at the three entities‚ with some telling Intellimali that they were too quick to lay criminal charges against the student‚ while the role of their employees has not been investigated in the matter. MPs also called on the higher education department to consider a review of the system used by NSFAS and universities to pay living allowances to students‚ saying there was no need for "middlemen" to be involved in the distribution of billions of rand.

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