- Michigan: The Zell Family Foundation has pledged $60 million to the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies within the Ross School of Business at the University of Michigan. The donation is intended to support student and alumni entrepreneurship—and $10 million will be set aside for investing in student startups (Sportelli, Forbes, 7/13).
- New York: Officials at Brooklyn Law School say they will repay 15% of tuition cost to students who do not find full-time jobs within nine months of graduating. The program only applies to students entering this year and only applies to out-of-pocket expenses (for example, costs not covered by scholarships). Last year, the school also reduced tuition by 15% (Najarro, New York Times, 7/12).
- Wisconsin: A controversial proposal to remove tenure from state statutes was signed into law by Scott Walker (R) on Sunday. The bill also slashes state funding for higher education by $250 million, although some funding has been reserved to help offset that cut. Faculty members at the University of Wisconsin have been protesting the move for weeks. Walker announced Monday he will run run for president (Richmond, AP/ABC News, 7/12).
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Six million people with student debt could see their payments lowered