By Doug Lederman. The University of Chicago has agreed to pay $6.5 million to settle a class action alleging that it failed its fiduciary duty to employees in ways that forced them to pay excessive fees in their retirement plan, Investment News reported. More...
2% Budget Increase for Illinois's Public Colleges
By Doug Lederman. In most states a 2 percent budget increase wouldn't exactly be cause for celebration. But Thursday's passage of a state budget in Illinois -- on time, no less -- brought praise from leaders in public higher education, given the decade-long tumult wrought by pension woes and political corruption, among other factors. More...