President Joe Biden, with his wife, Jill Biden.
Wells College sits on a picturesque tree-filled campus on the shores of New York s Cayuga Lake, with brick buildings dating back to its founding in 1868, a year when a different president, Andrew Johnson, was impeached.
It has a modest $24 million endowment and enrolls a little more than 400 full-time students. It s quite different from the image of blue-blooded and cash-rich institutions like Harvard University, with $42 billion in endowments and 36,000 students.
Its margins are so slim, in fact, that last May, when Wells faced the prospect of the pandemic closing its campus in the fall, the college’s president, Jonathan Gibralter, wrote that closure could push Wells over the edge. Wells simply will not receive enough revenue to continue operations, he wrote in a letter.
U.S. President-elect Joe Biden
Private colleges and universities are dismayed that President-elect Joe Biden might be leaving most of them out of getting additional help in the coronavirus relief package he will be proposing upon taking office Wednesday.
Causing the concern is that they were not mentioned in a fact sheet Biden released Thursday about the $1.9 trillion plan, including $35 billion of additional relief for public colleges and universities and private colleges serving minority students.
“The president-elect’s plan will ensure colleges have critical resources to implement public health protocols, execute distance learning plans, and provide emergency grants to students in need,” the fact sheet said. “This $35 billion in funding will be directed to public institutions, including community colleges, as well as public and private Historically Black Colleges and Universities and other minority-serving Institutions.”
Three-quarters of institutions in one association survey spent more than they expected to mitigate the effects of COVID-19. The spring will also be expensive, experts say.
McDaniel College
As Roger N. Casey prepares to retire in June 2021 after 10 years as president of McDaniel College, he said he’s proudest of the college’s commitment to access and affordability.
“As a first-generation college graduate myself, I know firsthand the life-changing impact that higher education has had on my life,” he said.
Under Casey, McDaniel invests more than $40 million a year in grants and scholarships, including $25,000 scholarships for children of schoolteachers, military personnel and alumni. As a result, McDaniel has been recognized for its commitment by Washington Monthly, Money Magazine and The Princeton Review, among others.
Casey welcomed McDaniel’s largest freshman class ever this fall, despite the pandemic, and also topped 1,800 undergraduates for the first time. Students are more diverse, with almost 50% of freshmen identified as students of color. He said the college has built its curriculum around the McDaniel Commitment, which guarantees e
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