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Noe Robbins Blog

My point of views and personal thoughts and ideas
May 06, 2010
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Capella Education Company Announces Chief Financial Officer's Future Departure

MINNEAPOLIS, May perhaps 06, 2010 (Company WIRE) -- Capella Education Corporation /quotes/comstock/15*!cpla/quotes/nls/cpla (CPLA 89.90, -2.12, -2.30%) , a provider of exclusively on the net post-secondary education by way of its wholly owned subsidiary Capella University, announced today that Lois M. Martin, senior vice president and chief monetary officer, has provided notice to the Business that she intends to leave Capella after the end of 2010.

"Lois is usually a key contributor to Capella's unique culture. Even though her leadership, expertise and thoughtful guidance is going to be significantly missed at Capella, I respect her decision to focus on individual interests and wish her the very greatest in her future," mentioned Kevin Gilligan, chairman and chief executive officer. "Lois' contributions to our mission of delivering top quality and value to both learners and shareholders are well-recognized and significantly appreciated. We are fortunate that Lois has developed a deep, very talented team and an underlying infrastructure to support our continued growth. Lois' commitment to a planful transition procedure and her willingness to be available beyond her departure date demonstrates her passion and dedication to Capella. As a result, I am confident that the transition is going to be completed successfully."

"Working with all with the persons at Capella has been an extraordinary experience," mentioned Lois Martin, chief financial officer. "Since joining the firm in 2004, I have taken great pride within the tremendous accomplishments of our learners, plus the commitment and effort of our faculty and employees. Capella is stronger and much better positioned than it ever has been to continue to become a leader in on the internet education and to extend its track record of success even further. Although this was not an easy decision for me, this is the correct time for me to focus on other priorities and interests, given the considerable accomplishments we've produced along with the strength on the organization. Looking forward, I will enjoy spending a lot more time with my family; nonetheless, my near term priority remains with the institution, ensuring a seamless and successful CFO transition."

Ms. Martin will remain full-time in her current role with the Business by way of year-end 2010, though a search is completed to fill the CFO position.

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May 06, 2010
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CMA earns 'Friend of Education Award

The Metropolitan Nashville Education Association gave the 2010 Friend of Education Award for the Country Music Association, in recognition on the CMA's contributions to public school music education.

The CMA donates half the net proceeds from every year's CMA Music Festival to the "Keep the Music Playing" program. To date, the CMA has donated $3.three million to Nashville music education programs, and that money has been used to build music labs and to purchase much more than 3,000 instruments. Artists perform at CMA Music Festival for free of charge, plus the CMA donates half the proceeds to "Keep the Music Playing" on the artists' behalf.

"It means a great deal to be recognized by the teachers," said Steve Moore, CMA chairman from the board, in a statement. "We may offer the raw materials — the trumpets, tubas and trombones — but the teachers are the ones on the front line inspiring their students to produce music, which is the foundation of CMA's mission."

Last year, Metro public school performing arts students had a 98 percent graduation rate.

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May 06, 2010
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Area charter school having difficulty maintaining education standards

Twin Falls, Idaho - North Valley Academy Charter School in Gooding set high education standards for it's teachers and student; but the college is having some difficulty maintaining those standards.

The academy created its annual yearly progress goal as needed by the Idaho State Department of Education; but the State Board of Education is the schools authorizer, and is holding North Valley Academy for the higher standards that the school set for itself.

Current test scores show 70 percent of all grades except fifth grade managed to score proficient or much better on the I-Sat.

70 percent of fifth, seventh, and ninth graders are supposed have scores which are 'proficient or better' about the direct writing assessment, but seventh graders didn't meet that requirement.

The university also missed a similar goal for fourth, sixth, and 8th graders for the direct math assessment.

North Valley Academy will require to submit a written action plan to correct its difficulties towards State Board of Education within 30 days.

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May 06, 2010
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London hit by college and university strikes

Education across London has been hit by strikes today after lecturers at 14 universities and additional education colleges staged protests over spending budget cuts.

The University and College Union (UCU) has said that the "massive" cuts left it with no alternative but to stage industrial action, even though thousands of students who are preparing for exams are being affected.

UCU general secretary Sally Hunt pointed out that universities face funding cuts of nearly £1 billion, although the further education sector has to create savings of £340 million inside following academic year.

"We believe within the power of education to create a real difference to people''s lives and don't think we ought to be slashing funding at a time when much more people than ever will need access to education," she said.

Earlier this year, university funding body the Higher Education Funding Council for England told institutions that they will draw from a pot of £7.3 billion subsequent year, which is usually a cut of £573 million from this year''s budget.

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May 06, 2010
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High school students protest education cuts Gov. Christie cuts funds to students and teachers to make budget

Lawrence High Classes students walked out of the classes on Tuesday, April 27 at 8 a.m. as part of a state-wide protest against Governor Chris Christie's recent spending plan cuts in training.

To balance the think spending plan Gov. Christie cut the express aid that university districts receive every year. This means that college districts will have to pay for all programs, teachers and expenses without their aid from the think. Inside the Lawrence University District at the same time as other districts around the talk about, some pre-tenured teachers and aides, and some sports, clubs and programs will must be cut.

Lawrence Great junior Virginia Vinch organized the walk-out right after receiving a Facebook link from Protest NJ Training Cuts - State Wide Classes Walk Out. She sent out at the very least 500 Facebook messages to Lawrence individuals saying, "Yes [the protest] is against Chris Christie but it can be MAINLY to display that we care about our training and schools and show SUPPORT FOR OUR TEACHERS."

Vinch also informed college students in her message that she was not demanding anything but rather that she was hoping individuals would join her within the chance to really make a difference. As she found out that morning, students have been additional than willing to join her. Glenn Friedeborn, a Lawrence Substantial senior, stated he participated so "teachers and sports can continue to keep going, so kids can have the same learning that I had."

Administration responded towards circumstance by asking individuals to file by means of the front doors with the constructing when they began to walk out 15 minutes into first time period. Although pupils stood in the bus port, institution security as well as Vice Principle Gilson surrounded them and asked that they retain the protest to some reasonable volume given that Lawrence Middle University, adjacent on the higher school, was taking their NJASK standardized tests that day. Right after the event, Superintendent Philip Meara proclaimed he felt the "administration handled [the situation] nicely."

When primary time period ended, trainees have been asked by security to return towards the building. Pupils who did not return had been told that their absence from second period could be considered a cut and that they might get a call house to their parents. Students disregarded this request and remained outside until the media arrived and interviewed them. Pupils stated, "We wanted to wait to the media since we wanted our message to become heard." Friedeborn said, "It was a peaceful protest. They really should have let us protest," concerning the request through the administration to return towards creating and being quieter.

Christie stated that finances cuts could be avoided if teachers would agree to a one-year salary freeze and shell out 1.5 percent of the salaries for their medical benefits. He said, "The teachers union has a option to make here - they wanna lose members or they wanna reopen contracts?" When questioned about the effect the finances cuts will have on schools, Christie responded, "What am I supposed to do? Where am I supposed to locate the funds to shell out for this [debt]?" Christie also stated the teachers union are "the bullies of state street; they've bullied every single administration...and they're not going to bully me."

It has been estimated through the state Department of Knowledge that even if all school districts agreed to a one-year salary freeze along with paying 1.5 of salaries into the cost of health insurance, there would still be a spending budget shortfall of at the very least $849.3 million dollars.

In addition to express aid to local college districts, Christie is cutting point out expenditures in higher training. One plan cut that is certainly affecting existing too as future Mercer pupils may be the NJ STARS plan. NJ STARS is often a product that makes it possible for great school individuals who graduate inside the top 15 percent of the graduating class to attend their local community college tuition-free for five semesters. NJ STARS II could be the continuation of this system that enables college students to continue from community college to express colleges including Monclair, The College of New Jersey, Rutgers, and Rowan with some of the tuition paid depending on their GPA, from three.0 and up.

Mercer's NJ STARS Adviser Diane Rizzo said, "The whole atmosphere of learning is really changing in the elementary classes level appropriate by means of the colleges; all public institutions are facing serious cut-backs." She went on to say, "The only silver lining is that trainees who are previously STARS continuing towards the STARS II plan will be funded by means of the completion of the studies."

In response towards the NJ STARS program itself Rizzo had this to say: "I believe what STARS does is it honors the achievement of students by providing them with tuition at a public institution. I sense that it is a good way for a state, any think really, to express its commitment to its knowledge and to honor its highest-achieving trainees and it gives college students some thing to aspire to." She continued by saying, "I think like the cuts for the STARS system are incredibly painful to us as an institution since STARS pupils have already demonstrated academic success, and having a population of college students which are really committed to academics is healthy for any institution."

Rizzo estimates that you can find about 175 STARS pupils currently attending Mercer. The number of STARS individuals that had been accepted to the fall semester from public great educational facilities (before cuts on the plan) ranged from 75-90 trainees.

NJ STARS Mercer President Jamie Dow stated, "STARS genuinely got the bad end on the stick. Especially prospective students who had their hearts set on community colleges and most likely currently declined other educational facilities - they had their hearts set on out of express." She went on to say, "I based my entire future training on the STARS product. I made a decision to stay in-state so a portion of my schooling can be covered from the plan, but now, from the looks of it, Christie has the decision to completely get rid of STARS II which will directly impact me. I applied to Cornell as well, and given that the change in STARS, made a decision to go to Rutgers just to really feel safe financially. Now that I know it is not a definite I'm much more nervous than ever."

Dow, along with all the current STARS trainees, faces this sort of dilemma with the unsure outcome of STARS II.

Mercer is also feeling the budget cuts, and full-time faculty who have left or retired are not being replaced. The Board of Trustees is considering freezing faculty pay out raises even though the faculty contract for the next four years was signed only four months ago.

Mercer individuals are feeling the cuts within the form of tuition increases. Mercer President Dr. Patricia Donohue stated, "We anticipated the cuts and that is why we raised tuition, so our budget would be fine."

Back at the Lawrence High College walkout, freshman Alec Pomeroy stated, "Chris Christie cares far more about his cheese steak than our education."

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May 06, 2010
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Highlights of new education reform bill

Bill highlights

Sets higher standards for high university diploma, increasing minimum credits from 20 to 25. Starts with class of 2018.

Authorizes state to create a pilot plan to allow 9th- via 12th-graders to graduate by passing exams.

Gives state Board of Education power, without legislative approval, to reconstitute local boards of education.

Involves state to develop guidelines for teacher evaluations to think about student performance.

Calls for university boards with low-achieving schools to generate school governance councils of parents and teachers and vote to reconstitute the college.

Waives enrollment limits if students show record of achievement and makes charter university facility grant plan permanent.

Creates achievement gap task force.

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May 06, 2010
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American Public Education 1Q Profit Jumps 46%, Raises FY View

NEW YORK (Dow Jones)--American Community Education Inc.'s (APEI) first-quarter earnings rose by nearly half as enrollment continued to soar, as well as the company raised the higher end of its full-year earnings forecast.

The for-profit college now expects earnings to grow by 36% to 39%, up from its previous view of 36% to 37%. American Open public still anticipates income growth of 36% to 39%.

American Open public, like other colleges, has benefited from the economic downturn as a lot more adults return to school to beef up their resumes. The firm, parent of online-only American Military University and American Public University, has also grown from word-of-mouth referrals within tight-knit military circles, to which it appeals with course offerings like intelligence and homeland security. Far more than half of the company's sales revenue in one of the most recent period was derived from students who received Department of Defense tuition assistance.

For essentially the most current quarter, American Open public reported a profit of $7.65 million, or 40 cents a share, up from $5.24 million, or 28 cents a share, a yr earlier.

Profits jumped 43% to $47.3 million.

Analysts polled by Thomson Reuters expected per-share earnings of 38 cents and income of $46 million.

Operating margin edged up to 27.8% from 26.3%.

Net course registrations climbed 39% from a yr previously to 64,900, with new student registrations up 26%. Enrollment rose 42% to 70,600 as of March 31.

American Open public expects net course registrations to boost 35% to 38% for the complete 12 months. The corporation said in a filing with the Securities and Exchange Commission that it expects seasonal fluctuations to become far more pronounced as overall growth begins to decline, which could affect overall operational results.

American Open public has been a darling of several on Wall Street as its low tuition permits students to attend school without having needing to secure extra, high-interest private loans. American Public, which for years has catered to military-affiliated students and their families, has in the past couple of years targeted a much more general learning open public with its business, history and criminal justice courses. In probably the most latest period, one-fifth of sales came from non-military Title IV federal student loans, up from 16% a year earlier.

Shares of American Public closed off 1.4% at $42.35 and were inactive after-hours. The stock is up 23.3% so far this yr.

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May 06, 2010
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San Diego State University Receives $1.5 Million Department of Education Grant

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SAN DIEGO, May 06, 2010 (Business WIRE) -- The College of Business Administration at San Diego State University (SDSU) announced today that the university's Center for Global Company Education and Analysis (CIBER) received a $1.5 million grant from the U.S. Department of Education. This grant will be disbursed starting this fall by means of 2014.

The overall mission with the national CIBER plan is to make certain the United States' long-term worldwide competitiveness. The CIBER program serves to promote the nation's capacity for worldwide understanding and economic enterprise by linking the manpower and information needs of U.S. business with the education, foreign language training, and investigation strengths of universities.

"SDSU CIBER has created great contributions in all areas of worldwide organization research and teaching," mentioned U.S. Congresswoman Susan A. Davis (D- San Diego). "This new grant includes many innovative educational initiatives and displays an impressive commitment to high quality, accountability and transparency."

"In the past two decades, SDSU CIBER has become a true and efficient catalyst for exposing students, faculty, and company executives to worldwide business enterprise," stated Mark Ballam, SDSU CIBER managing director. "This new grant will permit us to not only continue with programs that have proven successful, but also establish new avenues of global outreach, investigation and education."

SDSU CIBER is one of 33 centers located at choose company schools throughout the U.S. and a single from the original six to be chartered in 1989.

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