Colleges and universities are in the business of education. Increasingly, they are also in the business of banking. Banks like Wells Fargo, PNC and U.S. Bancorp have signed scores of deals with schools nationwide that essentially make the universities their sales representatives.
Lou Bissette, chairman of the UNC Board of Governors, said he stands behind an op-ed in which he touted the board’s work and said it should stay away from political controversies and day-to-day management. He had been challenged about the piece by fellow board member, Bob Rucho.
North Carolina residents would see no tuition increase, but some fee hikes, at UNC system campuses in 2018-19. However, UNC-Chapel Hill’s business majors could be charged a $2,000 extra fee in order for the school to expand.
Michigan State board members face calls for their resignation in the wake of the Larry Nassar scandal, but it's hard to force out boards. Some say that's for good reason.