University boards have the primary responsibility for ensuring fidelity to the institution’s mission, managing university finances, and setting personnel policies. The following articles expose poor governance practices and identify policies that keep boards accountable to the taxpayers, students, parents, alumni, and donors whom they serve.
President Obama is planning to change the ways that students obtain loans, with more funds coming directly from the government rather than through subsidized lending. But the fundamental issues surrounding college loans aren’t going to change. They are worrisome.
If you are a taxpayer, you might be surprised at how generous the government is in providing loans and how lax about repayment. If you are a student, you should know that government policies change your incentives: they encourage you to borrow more than you should, to hold on to the loans for years without repaying them, and even to enter jobs that you wouldn’t otherwise have picked.
The commotion about the university job of a former North Carolina governor’s wife reveals a larger pattern of undue influence throughout the UNC system.