Difference between revisions of "McKinsey Arts and Sciences Report"
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| − | The McKinsey Report recommended that Columbia's financial aid | + | The McKinsey Report recommended that in wake of the [[w:Great Recession|financial crisis of 2008]] Columbia's [[Office of Financial Aid and Educational Financing]] consider reversing [[Financial aid reform#Financial Aid Arms Race of 2005-2008|financial aid reforms]] implemented in [[2007]] and [[2008]] by re-instituting student loans as a part of aid packages. Columbia eliminated student loans in packages for families earning less than $50,000 a year beginning in the 2007-2008 academic year, and eliminated student loans for all students the year after, in addition to promising to eliminate any contribution from families earning less than $50,000. The McKinsey report, , said that Columbia should think about reversing the policy. |
== See also == | == See also == | ||
Revision as of 12:58, 13 May 2013
The McKinsey Arts and Science Report was a document produced by the management consulting firm McKinsey & Company in summer 2011 which recommended changes to the administrative structure of Columbia University. The controversy over the report revolved around the plan to further integrate Columbia College and other schools into the Faculty of Arts and Sciences, led at the time by Executive Vice President of Arts and Sciences Nicholas Dirks. The report was popularized among the Columbia community after Moodygate, when former Columbia College Dean Michelle Moody-Adams suddenly announced on August 21, 2011 that she would be leaving her post in wake of concerns over transformations in "the administrative structure in Arts and Sciences."[1] Before she resigned, Dean Moody-Adams warned that if the McKinsey report were implemented, it would "compromise the College’s academic quality and financial health."[2]
The report was confidential, but the Columbia Daily Spectator was able to obtain a summary of it a few months later. On April 12, 2012, editors Sam Roth and Michele Cleary published an article about the report in The Eye. They also uploaded an executive summary of the McKinsey Report to Scribd.
Report Content
Revenue
As the summary makes clear, some of the main recommendations from the report aimed to increase revenue. The Spectator article states that "McKinsey’s report was commissioned in part to help administrators eliminate a budget deficit that has plagued A&S for the last few years."
No Loan Policy
The McKinsey Report recommended that in wake of the financial crisis of 2008 Columbia's Office of Financial Aid and Educational Financing consider reversing financial aid reforms implemented in 2007 and 2008 by re-instituting student loans as a part of aid packages. Columbia eliminated student loans in packages for families earning less than $50,000 a year beginning in the 2007-2008 academic year, and eliminated student loans for all students the year after, in addition to promising to eliminate any contribution from families earning less than $50,000. The McKinsey report, , said that Columbia should think about reversing the policy.
See also
- Enhancing the Undergraduate Experience (1996 Administration Report)
- An Agenda for the Future (2009 Administration Report)
External links
References
- ↑ "Consultants' budget, structure recommendations at core of Moody-Adams' resignation", Columbia Spectator, 23 August 2011
- ↑ Dean Moody-Adams's resignation letter
