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CFO Magazine: "Hire Expectations"

03/02/2017

CFO Magazine: "Hire Expectations"

. . . “Companies are telling us they want finance students who know how important analysis will be in any finance function and who show a willingness to embrace and explore analytical tools and methods,” says Aron Gottesman, chair of the finance and economics department at Pace University’s Lubin School of Business. “Students don’t necessarily need to know how to code.”

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New York Post: "Half of college students think their loans will be forgiven"

02/28/2017

New York Post: "Half of college students think their loans will be forgiven"

Owing to a serious misconception, almost half of college students recently polled believe they won’t be saddled with student loans soon after graduation.

According to a survey of 500 current college students conducted by LendEDU, a private firm that connects students and their families with student loans and loan refinancing, 49.8 percent believe they would be able to receive federal forgiveness on their student loans after graduation.

This belief is hardly justified, given the limited circumstances in which these loans can actually be forgiven.

The US Department of Education says that federal direct student loan borrowers can get off the hook if they enter public service jobs for a specified period of time, agree to teach in an underserved area, die or become permanently disabled, or if the school they attended shuts down while they are enrolled or within 120 days after they leave.

“The biggest exemption is the Public Service Loan Forgiveness Program, and very few students go into public service,“ said Nate Matherson, who co-founded LendEDU in 2014.

“With maybe 14 percent of the American workforce in a public service job, the actual numbers of those who may qualify for student loan forgiveness or discharge is maybe below 10 percent.

“The fact that many students do not understand this means that they may be significantly underestimating the cost of financing a college education,” he added.

Many students polled said they would rely on financial aid to make up the difference in reduced debt load. So while 90 percent knew of FASFA (Free Application for Federal Student Aid), 84 percent did not know the correct filing deadline for the application.

Mark Stephens is financial aid director at Pace University, where the “sticker price” annual tuition is $42,354 for the 2017-18 academic year, a figure that he says is on the average “about 50 percent discounted” through a combination of gift scholarships and other freebies like Pell Grants.

Given the high degree of dependence today’s students have on this aid, he said he and other financial aid professionals are aware of the need to make sure students and their families understand how the process works.

He said Pace conducts 25 or 30 financial aid workshops in high schools each year as well as online tutorials.

“It’s not very realistic at all to expect loan forgiveness,” he said. “We try to tell students to understand your loan and manage your spending.”

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NPR Ed: "Which Colleges Might Give You The Best Bang For Your Buck?"

02/27/2017

NPR Ed: "Which Colleges Might Give You The Best Bang For Your Buck?"

. . . A recent study took a look at each college in America and calculated the number of low-income graduates who wound up being top income earners. We call that mobility. The study comes from the Equality of Opportunity Project and is paired with an interactive tool from the New York Times.

How did schools do? It may surprise you to hear that the schools with the lowest mobility rates are Ivy League and elite colleges, where less than two percent of the student population comes from a family earning less than $25,000 a year.

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Downtown Express: "Pace University embarks on $190-million makeover"

02/24/2017

Downtown Express: "Pace University embarks on $190-million makeover"

Pace University is retrofitting its Lower Manhattan campus to provide future scholars an edge in the competitive job market of the future, and the more-than-century-old school will invest a whopping $190 million in expanding and modernizing the university’s dual Downtown properties.

The inaugural, $45 million thrust of Pace’s three-phase master plan is tailored towards providing collaborative spaces on campus for the university’s population of resident scholars, who have transformed the institution from what was once largely a commuter college in to a place where students both live and learn, according to Pace University President Stephen Friedman

“If you go back to the year 2000, Pace in New York City had 500 residential students — everyone else was a commuter — and now there are 2,600 residential students,” Friedman said. “So one of our main points of focus is on students and giving them places to collaborate and work together.”

The work will see the first floor of the university’s flagship, citadel-like property at One Pace Plaza undergo a complete redesign, with new accommodations including a welcome center, event spaces, student common areas, learning spaces, and study areas.

One Pace Plaza was originally built in the 1960s, with a closed, Brutalist style of architecture designed to provide students with a quiet sanctuary shut off from the hubbub of the overwhelmingly commercial Downtown area, according to Friedman.

But just as the school has changed since the turn of the century, so too has Downtown, and the building’s façade will be altered with new windows in order to let in the redefined neighborhood’s new vitality.

“What we’re doing now is really opening up One Pace Plaza to what’s become an incredibly vibrant and diverse Lower Manhattan,” the Pace president said.

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Campus Technology: "Mid-Tier Colleges Do Better Job of Upward Mobility"

02/24/2017

Campus Technology: "Mid-Tier Colleges Do Better Job of Upward Mobility"

An organization using data to understand how to improve the economic opportunities for low-income people has developed a set of "mobility report cards" to rank universities and colleges by how well their students "climb the income ladder."

The mobility rate defined by the Equality of Opportunity Project considers a college's access, the size of the population of students from families in the bottom fifth of income distribution and its success rate in helping those students move into the top fifth of income distribution.

According to the researchers, the colleges that have the highest upward mobility rates are typically mid-tier public schools that have two elements: the largest numbers of low-income students and "very good outcomes." Nobody in the ranking has a mobility rate of 10 percent or higher. (And inclusion on the following list doesn’t necessarily denote whether the school considers itself "mid-tier.")

California State University, Los Angeles came closest with a mobility rate of 9.9 percent. The access rate for Cal State LA was 33.1 percent; and the success rate was 29.9 percent. Pace University and Stony Brook University in New York both came in second with a mobility rate of 8.4 percent. Access at Pace was 15.2 percent; the success rate was 55.6 percent. The access rate at Stony Brook was 16.4 percent, and the success rate was 51.2 percent.

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Year of the Rooster Lunar New Year Celebration to be held at Pace University’s Schimmel Center

02/24/2017

Year of the Rooster Lunar New Year Celebration to be held at Pace University’s Schimmel Center

Event co-hosted by the Confucius Institute at Pace University, and Pace University Chinese Students and Scholars Association (Pace CSSA).

Celebration will feature traditional music, martial arts, a special performance by the United Nations Singers, a raffle and much more.

NEW YORK, NY -- February 24, 2017 --

On Sunday, February 26th, from 2-4 PM, to mark the Year of the Rooster, the Confucius Institute at Pace University (Pace CI), in partnership with the Pace University Chinese Students and Scholars Association (Pace CSSA), will host the Seventh Annual Lunar New Year Celebration at Pace University, in the Schimmel Center at 3 Spruce Street on the New York City campus.

The United Nations Singers date back to the earliest days of the UN.  Dressed in the colorful costumes of their native cultures while joined together in traditional harmonies from around the world, they hope to convey a message of tolerance and a celebration of other cultures and religions.  They have performed in venues throughout the world.

Other scheduled entertainment will include martial arts, traditional music on the Pipa (Chinese lute), and a raffle. Prior to the event from 1:30-2 PM, in the Schimmel Center lobby, there will be cultural crafts for children (construction paper lanterns, Chinese knot bracelets, Chinese yo-yo, and paper cutting) hosted by the Global Language Project, and refreshments for all.

About the Lunar New Year

The Lunar New Year is celebrated by people from China, Korea, Indonesia, Malaysia, Singapore, Vietnam, and other Asian countries and territories. It usually lasts 16 days, from Lunar New Year’s Eve to the Lantern Festival on January 15th of the lunar calendar. Once upon a time, according to tales and legends, the start of Lunar New Year celebrations began with a fight against a mythical beast called the Nian.  On the first day of Lunar New Year when the beast came, ancient Chinese villagers would scare this beast away by wearing red and lighting firecrackers. They would also prepare lots of food since they believed the Nian beast would eat the food instead of attacking them.  That is how the celebration came about. Today, Nian is equivalent to the word “year” in Mandarin.

About the Confucius Institute at Pace University

Located at the financial, civic, and cultural center of Manhattan, The Confucius Institute at Pace University is the first university-based institute of its kind in New York City. Founded in partnership with Nanjing Normal University and China’s Phoenix Publishing and Media Group, Pace’s Confucius Institute integrates pedagogical, scholarly, and professional expertise to promote the learning of Chinese language and culture and to facilitate cross-cultural understanding between people in the United States and China.

About the Pace University Chinese Students and Scholars Association (Pace CSSA)

PACE CSSA serves Chinese students, scholars, alumni and other interested members of the Pace community. It is dedicated to organizing social, intellectual and cultural activities, and building friendship and academic exchange among its members. PACE CSSA provides a variety of services to members, such as promoting Chinese culture, providing an information platform, and guiding members in their school lives and careers, especially those new to Pace University.  Due to efforts in recent years, Pace CSSA has built connections with other area organizations, including Columbia University CSSA (CUCSSA), CSSA in Greater New York Area (CSSANY) and the Consulate General of the Peoples’ Republic of China in New York, providing Chinese students at Pace with enhanced social and career opportunities.

About Pace University

Since 1906, Pace has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in Lower Manhattan and Westchester County, NY, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, Elisabeth Haub School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu.

Contact:

Ansel Lurio (212) 346-1686

Program Coordinator

Confucius Institute at Pace University

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New York Post: "We’re over 70 — and still love our jobs"

02/23/2017

New York Post: "We’re over 70 — and still love our jobs"

. . . Retirement doesn’t suit Rose Harrison, who tried to stop working in 1992 and didn’t enjoy it.

“I felt like there was nothing out there for me,” says the 89-year-old divorcée who has worked in education for decades, starting in 1958 with a 42-strong classroom of second-graders. “And then my friends and my doctors suggested I go back to work.”

She came out of retirement in 1997, taking a job at Hunter College. Five years later, she started teaching at Pace University, where she’s now an adjunct professor who instructs undergraduate and graduate student teachers in educational psychology and early literacy.

“It’s absolutely enlivened me and keeps my neurons firing,” says Harrison, who lives near Lincoln Center and commutes to work downtown via subway. “There’s no time to relax and I feel smarter now than I’ve ever been.”

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Fox 5 News: "Can 'fake news' be stopped?"

02/21/2017

Fox 5 News: "Can 'fake news' be stopped?"

- Fake news became a phenomenon during the presidential campaign. But it has actually been around much longer, dating back to Superstorm Sandy. False stories are spread on social media, and unfortunately plenty of people believe them.

Dr. Larry Chiagouris is a marketing professor at Pace University. He has been studying fake news for several years. He and other academics and scientists, like Professor Filippo Menczer with Indiana University, are developing ways to fight back against fake news.

Watch the video.

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Journal News: "Pace University names Martin Krislov as new president"

02/17/2017

Journal News: "Pace University names Martin Krislov as new president"

Pace University's board of trustees has elected the college's eighth president.

Marvin Krislov, who most recently served as president of Oberlin College in Ohio for nine years, will take over the helm of the more than 11,000-student school in August 2017, according to an announcement from Pace.

"(Krislov) is the ideal person to lead Pace into a new era of growth and build on the renewal and revitalization that Pace has experienced under Steve Friedman," said Mark Besca, Pace's board chairman. "Marvin has demonstrated throughout his career the strong, effective, enlightened, and passionate leadership to propel Pace to a new level of impact and stature.”

About a year ago, Pace's current president, Stephen Friedman, announced he would not seek a third five-year term at the private, nonprofit school.

“I thought 10 years is about the right time to accomplish major change," he said in an interview last February. "At the end of my second term, I’ll be 79 and I thought that would be an appropriate age to step down from a job so challenging.”

Friedman called his roles at Pace, both as president and three years as dean of the university's School of Law, the most “challenging and rewarding” of his career.

Krislov was chosen to take over the school, which has two campuses in New York City and Pleasantville, following a search process conducted by a 15-member committee of trustees, faculty, staff, alumni, school benefactors and students.

“I am honored to be chosen to lead Pace University during this exciting period of growth and revitalization as the University advances its position as one of the nation’s foremost institutions in fostering the leaders of tomorrow," Krislov said in a statement. "I look forward to joining a community of scholars and leaders who are dedicated to academic excellence and who have such a powerful impact on so many lives.”

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Westchester County Business Journal: "Pace University names Marvin Krislov as its eighth president"

02/17/2017

Westchester County Business Journal: "Pace University names Marvin Krislov as its eighth president"

Oberlin College President Marvin Krislov has been chosen to succeed Stephen J. Friedman as president of Pace University.

The 56-year-old Krislov takes over the post on Aug. 1. Friedman, 78, announced a year ago that he would not request reappointment after the conclusion of his current term on June 30, 2017. He served 10 years as president.

In announcing the choice on Tuesday morning, Mark M. Besca, chairman of the board of trustees, said Krislov “is the ideal person to lead Pace into a new era of growth and build on the renewal and revitalization that Pace has experienced under Steve Friedman. Marvin has demonstrated throughout his career the strong, effective, enlightened, and passionate leadership to propel Pace to a new level of impact and stature.”

Krislov, who has been president of the Ohio school since 2007, said, “I am honored to be chosen to lead Pace University during this exciting period of growth and revitalization as the University advances its position as one of the nation’s foremost institutions in fostering the leaders of tomorrow. Pace’s commitment to access and pathways to success for students inspires me.”

In addition to serving as president of Oberlin, Krislov taught advanced courses every semester on aspects of law and public policy. In November 2009, he was appointed to the advisory board of the National Endowment for the Humanities.

During his leadership, Oberlin “became more inclusive, strengthened its academic programs, improved student outcomes, created new career opportunities for faculty and staff, expanded fundraising and alumni participation and improved its campus facilities” according to a press release.

Krislov also led a fundraising campaign that exceeded its $250 million target by $68 million and achieved it 18 months ahead of schedule.

The selection process for Friedman’s successor began last March and was led by a 15-member search committee representing trustees, faculty, administrators, alumni, benefactors, and students.

Read more here.

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