finance
February 7, 2013
Goshen paves way for ethical investment
College students across the country have been urging their schools to withdraw investments from fossil fuel companies. While those school administrations have avoided the issue, Goshen College takes ethical investing to heart. According to a recent New York Times article, Pennsylvania students have spent several months trying to persuade the Swarthmore College administration to stop investing in fossil fuel companies. Despite their efforts Swarthmore students have been denied, a trend seen nationwide. “If it’s wrong to wreck the climate, then it’s wrong to profit from the wreckage,” Bill McKibben wrote in the New York Times. McKibben is an author and...
December 6, 2012
Student entrepreneurs pitch for business grants
While many are finishing projects and finals this week, five groups of students are working to develop their own businesses. Billy Frisbie, Emma Gerig, Niles Graber Miller, Caleb Hochstetler, Jesse Ramer, Hans Weaver, and Jordan L. Weaver, are participants in this year’s entrepreneurship grant process. In October, the students pitched ideas to the business department for the formation of their own companies. After weeks of developing their ideas with professors and local business owners, the applicants presented their final pitches this week. Whereas in past years, grant money was awarded to selected winners, this year’s process will divide the money...
November 15, 2012
Fact Book makes data as close as the click of mouse
For years, a collection of facts about Goshen College finances, enrollment and student life was tucked away in a filing cabinet in the Registrar’s office. Scott Barge, director of assessment and institutional research, believes that access to this data, and data in general, can create a stronger campus. Though the information was public, faculty and students wanting access to the files needed to sift through them--making fact-checking a tedious and laborious process. Barge hopes to change this. Barge, along with other faculty from the Institutional Research Office, has produced Goshen’s first online, interactive “Fact Book.” Barge started assembling the book...
March 15, 2012
Financial report boasts new figures
Jim Histand, vice president of finance, announced the tuition rates for the 2012-13 school year to students in an email on February 15, which showed a slight increase from the 2011-12 school year. Although Histand notes that these increases are similar to most years, they leave some students asking more questions about the finances of Goshen College. An operating budget has been set for the 2012-13 school year to cover expenses such as labor, salaries, and benefits; financial aid; advertising and other administrative costs; and maintenance. The total budget, which is funded by a variety of sources, is set at...
February 16, 2012
Tuition costs revealed for 2012-13
The President’s Council has released tuition, room and board costs for the 2012-13 school year. In a statement sent to students Wednesday afternoon, Jim Histand, vice president of finance, revealed that tuition will cost $26,900, room $4,750 and board $4,250 for the full year. “For the past decade or so, Goshen has been taking a very steady and consistent approach to its pricing and working very hard to contain costs from year to year,” said Histand. “Current year increases are very similar to prior years.” The numbers represent a $1,550 total increase for students. However, the option to take 16...
March 23, 2011
College tuition: you may have more help than you think
Financing your college education doesn’t have to be between you and a bank anymore. With the advent of the Internet now your friends and even strangers can help you pay for it. Erini Shields, a 2007 Goshen College graduate, is getting help from others to pay for her education. Through edulender.com she was able to set up an account that enabled people to submit donations and help her out with tuition. Shields’ path to edulender.com started three months after snagging a marketing job with a Chicago heating and air-conditioning company. The company went out of business, Shields lost her job,...
March 10, 2011
Financial aid goes green
Financial aid award letters are moving online next year. Instead of getting hard copy letters of financial aid awards in the mail, next year students will receive emails that direct them online to JICS to view their awards. Students already use JICS to register for classes or check their online accounts, so next year they will be able to check financial aid as well. “We believe this will provide a better service to students, as the awards can be viewed anywhere at any time after you are awarded,” said Judy Moore, financial aid director. “The awards will get to students...
November 3, 2010
Business Professor receives advising certificate
On Oct. 15th, Jonathan L. Geiser, associate professor of business, was awarded the esteemed Certificate in Family Business Advising from the Family Firm Institute (FFI). Geiser was one of roughly 35 recipients from all over the world to receive this educational program certificate at FFI’s annual International Conference in Chicago on Oct. 14th and 15th. This certificate is awarded to participants upon their completion of the Family Business Advising program, an educational series designed to help members hone their skills in family business advising. One of its main objectives is to increase participants' awareness and exposure to concepts and techniques necessary...
October 27, 2010
Second stage of budget adjustments complete
The academic faculty recently finished an academic review process, completing the second stage of the college's overall institutional budget adjustment process. The first stage included the elimination of 29 positions (affecting mostly the administrative offices), which took place last May in anticipation for the '10-'11 school year. The second stage, which began last spring and was lead by Anita Stalter, academic dean, focused on the academic programs area. According to Jim Histand, vice president for finance, "[The process] identified a number of efficiencies and consolidations that will be implemented for the next academic year, and allows us to keep all...
September 9, 2010
Financial deficit forces changes on campus
As a response to the nationwide financial crisis, the college has formed a teaching faculty task force to review and streamline the academic programs for the fall of 2011. This committee will be processing information from all the departments along with non-classroom expenses in order to maintain Goshen's standards while operating more efficiently. Vice President for Academic Affairs Anita Stalter said, “We anticipate this process will result in a likely reduction in teaching faculty positions.” Last May, 29 positions were eliminated in anticipation of the current school year which saved $1.1 million. Most affected positions were in the administrative offices. ...