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You Spoke, We Listened

You Spoke, We Listened

You Spoke, We Listened

It’s that time for everyone’s favorite topic: divestiture!

If you recall, I wrote a blog (a while ago) about how a number of our passionate, eco-minded students wanted the University of Nebraska to eliminate investment in fossil fuel stocks. They voiced their concerns and shared their thoughtful reasoning during the time allotted for public discussion at Board meetings.

They spoke. We heard them.

I am happy to tell you that President Carter and Chris Kabourek – the Vice President of Nebraska University who staffs the Business and Finance Committee – have completed a fifteen-month process to address students’ concerns.

The question was whether we had invested in the fossil fuel industry, and particularly the two hundred companies in the carbon underground. In a series of meetings, the issue was discussed with different constituency groups, university partners and students.

They did what we human beings find incredibly difficult: they listened to each other.

I honestly believe that sometimes this is the hardest thing to do. But that’s exactly what they did, they really listened.  There were meaningful dialogues and tireless work to find common ground. Together they created a vision of sustainability that reflects the common-sense beliefs and values of Nebraskans. The new policy will be presented at our Board of Regents meeting on April 9th.

While divestiture may not be your go-to Jeopardy category, this policy is definitely worth a read.

The new policy will apply to Fund N, which is the fund that contains all gifts made directly to the university. This fund is managed by the Board of Regents and University Endowments Committee. The policy will require that University Fund N will have no investments in energy companies that do not have clean energy plans in place. Plus, Fund N will not make any new investments in energy companies that do not have a sustainability plan.

It will also require consideration of environmental, social, and governance (ESG) factors in any new investments.

You can be sure that this is not the last discussion we will have about this. It’s important that as a university we live and operate ethically, and with a mind toward the future. This new policy would not have been possible without the leadership of the students and the process that has led to important change. I can’t wait to see what happens next.

 

 

*Barbara’s thoughts as written by Kate based on weekly (fascinating) conversations.

 

Filling in the Gaps

Filling in the Gaps

Filling in the Gaps

It is hard to think about the many consequences (both intentional and unintentional) that have occurred as a result of adapting to the COVID-19 pandemic. I imagine we don’t even know the full scope of those consequences just yet as they relate to the University of Nebraska community.

For example, it took an incredible amount of work by so many people to convert in-person classes to online courses. That scale of coordinated effort in such a relatively short time is mind boggling. The health and well-being of our students has always been foremost in our priorities, yet as we are forced to adapt, sometimes things fall through the cracks. As we navigate these shifts, these unintended consequences often take some time to surface.

Students and their families have been very patient. 

But one thing we missed while on our way to creating multiple options for classes, was what to do about student fees. Fortunately, the students on our campuses brought this to our chancellor’s attention, and leaders at the UNO campus were asked to consider the types of fees that exist, who was impacted by them, and what solutions should be considered.

I am happy to tell you that this process worked beautifully. The proposals suggested by students were used to make corrective new guidelines for how much students will pay based on their unique mixture of online and in-person classes. Additionally, fees will not be charged this spring for use of campus recreation and campus counseling services. We think this makes sense.

Going forward, we hope that everyone in the University of Nebraska family feels empowered to help us catch anything that may unintentionally fall through the cracks, so we can make these necessary adaptations as painless as possible for everyone involved.

Thank you for your diligence.

If you or your student have questions or concerns, please contact Cathy Pettit at StudentAffairs@unomaha.edu

 

 

*Barbara’s thoughts as written by Kate based on weekly (fascinating) conversations.

 

No Going Back

No Going Back

No Going Back

Something feels different this time. I don’t know if it’s the pandemic, the momentum of social movements, something in the water, or a combination of all the above, but something about this feels like a potential turning point in our history.

I’m speaking both about our history as a nation as well as our history as a community, and as an institution of higher education.

We have to be vigilant not to “return to normal.”

There’s a lot about “normal” that wasn’t working for everyone, and we have a unique opportunity to truly and deeply evaluate what we do and how we do it. We have the opportunity to build something better than what came before. Shouldn’t that always be the goal?

This is what I’m trying to keep in mind as we approach our June 26 regent meeting to approve a preliminary budget to send to the Unicameral. We are all budget, all the time. I’m not personally on the finance committee but we have been having meetings of up to (but no more than) four regents at a time in order to address concerns around the budget.

The scariest part of working on the budget is thinking about the impact it has on people.

If we end up dropping a whole program, or even part of a program, decisions like that are not easily undone. Whichever way we decide to go, there will be a ripple effect on students, faculty, and staff. We don’t take that lightly.

But instead of focusing on the fear, I like to focus on the future.

We’ve been looking at ways to not only save the school money overall, but ways we can help students save money while they’re pursuing their education. How can we support our faculty as they try to save money for the students? One example is how faculty select required materials for a course. UNO has been assisting faculty who want to revamp course materials so students don’t have to buy a bunch of $150 textbooks. We’re looking into other, more cost-effective ways to access that same information.

We also recognize that we have immensely talented and valuable faculty, and we need to figure out how to pay them what they deserve. COVID-19 has changed the formula on just about everything we’re having to consider this year, but we still should be investing in our faculty.

I think that the pandemic have given both parents and students a greater appreciation for incredible, hard-working teachers. I’m not sure that we’ve seen that same movement on the college level, but I would like to.

All of this is happening in huge messy whirlwind of re-working our budgets. It is a significant time for higher education and the University of Nebraska in particular.

Curiosity is critical. We need to be curious about the best ways to keep everyone on campus safe. We need to be curious about ways we can lighten our students’ financial burden. We need to be curious about what people do when they graduate, how it fits with what they’ve learned, and how to taper curriculum to real-world conditions.

This is valuable to us as a school, but also our society as a whole. Now is the time to look forward, not back.

 

 

*Barbara’s thoughts as written by Kate based on weekly (fascinating) conversations.

 

Everyone’s Favorite Topic: Finances

Everyone’s Favorite Topic: Finances

Everyone’s Favorite Topic: Finances

I won’t pretend to know everything there is about the University of Nebraska’s finances. There are a lot of highly intelligent people for whom this is their focus and I’m grateful for their dedication and insight.

My stint on the Business Affairs and Audit Committee has shed light on the complicated economics of higher education.

The committees have wrestled with a number of urgent issues, not the least of which is the issue of health insurance in the whole university system. The big question is how do we provide the best plans to meet the need?

Graduate and international students are required to have insurance.

It is critical to their ability to continue their studies that we offer the most reasonable plan we can. However the recent double digit increases in policy buy-ins and growing deductibles puts them between a rock and a hard place. This is simply not sustainable, not healthy, not working. We need to find a way to ensure the kind of access to education that brings diversity and talent to our community instead of driving students away through the many-faced specter of debt.

Capital expenses are another problem – how does the university use its borrowing/bond process? We have been using the same system for a number of years, but to evolve and adapt is to survive.

Finance staff have fortunately focused their efforts on some of these questions.

They developed a plan, for example, that would allow a better use of borrowed funds and how we present bonds. Instead of separate, smaller bonds, it was suggested we borrow more to take advantage of current interest rates. That may sound odd and the mechanism for buying bonds is too complex to explain here in a few short paragraphs, but suffice it to say that a new process would actually free up more capital and save significant resources.

Trust me, I understand why finances are not usually top of the list for cocktail party banter. It’s confronting, complicated, and honestly kind of stressful. But the more we talk it out, the more ideas we can generate, the better the future can look for everyone.

 

 

 

*Barbara’s thoughts as written by Kate based on weekly (fascinating) conversations.

The Writing on the Wall

The Writing on the Wall

The Writing on the Wall

These days I think I spend 90% of my time reading. In addition to the reading I have to do for the committee meetings, I am also reading as much as I can about innovations in higher education. I like to tune into Nebraskans talking about what they think about our university system.

One point that’s been made loud and clear is the need to find a way to retain and accelerate students toward the 13,000 unfilled employment opportunities in our state.

Generally, Nebraska’s best and brightest tend leave after high school for educational opportunities offering better financial packages, among other things. Take the University of Nebraska Regent Scholarship for example. The scholarship is prestigious and it covers tuition (a waiver of tuition fees), which is great but these same talented students are being offered scholarships from other schools that cover all expenses, including tuition, room and board, books, etc. To give you a sense of what that means to a prospective student, those non-tuition costs account for up to 40% of the cost of going to a four-year school. That’s a significant sum.

The hard truth is that we cannot be competitive with scholarships that are tuition remission only.

We must find a way to match other scholarship offers. We need to offer more incentives like pathways to interesting internships that entice students.

Okay, Barbara, you say – that’s all well and good but many students want to have an experience outside of Nebraska. What about that?

For one thing, we can work to entice them back with graduate school scholarships, try to win them back with post-grad school connections and job opportunities.

There’s no one easy answer, but what I’m saying is let’s get creative. Let’s try to keep as many promising students as we can and make our graduate programs and opportunities so amazing that even if they do go out of state for their undergrad degree, we can attract them back for grad school. 

All three of my children left Nebraska for school, and all three came back home for the incredible jobs Nebraska had to offer.

There’s nothing wrong with change, with branching out, with exploration. But let’s not forget what we as Nebraskans have to offer, and how we can think outside of the box to make it even better.

Let’s read the writing on the wall… and then rewrite it.

 

*Barbara’s thoughts as written by Kate based on weekly (fascinating) conversations.

It Was The Summer of ‘69

It Was The Summer of ‘69

It Was The Summer of ‘69

Summer jobs can be a lot of different things. They can be a rite of passage. A learning experience. A wild ride. Dreadfully dull. And just about everything in-between.

When I was an undergraduate student at Carlton (check this?) summer break started a bit later for us than other schools, so a lot of the higher-paying summer jobs were already taken. I had to get creative.

So I took the Civil Service exam. And I qualified for a job as a summer substitute mail carrier.

At that time I was also the first woman to pass the driving test for that wonderfully unwieldy mail truck. It was a manual, and basically a big metal block on wheels, but my driving instructor couldn’t find one thing that I couldn’t make that beast do. Except for fly, maybe. Never tried that one.

My purpose was to fill in for regular mail carriers that were taking a summer vacation, and so I did a lot of driving and A LOT of walking in different neighborhoods all around Omaha. I noticed that the more affluent neighborhoods were mostly driving delivery routes, while the parts of town that were considered rough or lower-income areas were primarily walking routes. Walking those routes gave me a chance to see these neighborhoods from a new perspective.

When I started walking the routes, I noticed a group of local people would sort of walk along with me, making sure I was okay, offering support of any kind.

The houses I delivered to would offer me lemonade, tea, water, and shade. It was such a marked difference from everything I’d heard about these neighborhoods.

What really struck me was how much we have in common. Those residents cared about my welfare the way my parents would. They looked out for each other, and they looked out for me.

I couldn’t help thinking: if only we took the time to know each other better.

That job carrying mail in the summer of 1969 laid the groundwork for a big shift for me to experiential learning, where you can expand on what you learn in books, where you can get directly involved and learn from experience where that gap between the printed page and the real world lies. And then bridge it. I think about that a lot.

Recently, while discussing tuition hikes and summer jobs, a Student Regent said, “I think of this [tuition increase] in terms of the number of days I would have to work to make up the difference… I would feel better knowing the Regents would spend that same amount of time trying to figure out how to get our tuition down.”

Students today have the highest tuition and debt rates ever. They have to work more and more just to get by. Something’s wrong with this picture. Maybe it’s time we think more about what it means to walk their route and what we can do to support them. 

 

*Barbara’s thoughts as written by Kate based on weekly (fascinating) conversations.