June 7, 2012

HIGHER EDUCATION BUBBLE UPDATE: UMass board approves 4.9 percent fee increase. “The University of Massachusetts Board of Trustees approved a 4.9 percent increase in student fees today, giving its emphatic blessing to a proposal Governor Deval Patrick had slammed the day before in a last-minute letter and phone call to UMass President Robert Caret. . . . Tuesday morning, Patrick weighed in unexpectedly, telling Caret he believed any rise in fees would put too much pressure on students and families, especially given that student loan interest rates are set to double if a deadlocked Congress does not stop them from doing so. He said he believed UMass first needed to ensure it had cut all possible costs.”

You don’t need a weatherman to see which way the wind is blowing. Or maybe Deval’s been reading up on the subject.