T H E O L D E ST C O L L E G E DA I LY · FO U N D E D 1 8 7 8
NEW HAVEN, CONNECTICUT · FRIDAY, MARCH 8, 2013 · VOL. CXXXV, NO. 105 · yaledailynews.com
INSIDE THE NEWS MORNING EVENING
RAINY RAINY
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CROSS CAMPUS Spring break: It’s finally here.
Richard Prum The Koutroumanis The Panzarellas Joan Cavanagh The Interview Issue Camille Chambers Dorian Grinspan Jin Ai Yap Nicole Sore Jon Kreiss-Tomkins
INTERVIEWS! WKND CHATS WITH CAMPUS’S BEST
EDUCATION
TRAFFIC
MEN’S LACROSSE
City report documents city graduation, matriculation rates
COMMITTEE LOOKS INTO IMPROVING CAMPUS SAFETY
Taking on No. 17 Fairfield, Bulldogs hope to continue winning streak
PAGE B1 WEEKEND
PAGE 5 CITY
PAGE 7 CITY
PAGE 12 SPORTS
Grants, aid hit by sequester GRAPH YALE’S $2.8 BILLION OPERATING REVENUE
As midterm season wraps up and the snow finishes melting, take advantage of this time to wind down and relax before the cycle begins again.
Non-federal revenue Federal revenue from grants and contractsv Potential revenue reduction
Department of Health and Human Services
Macklemore & Ryan Lewis & company. This Spring
Fling, it looks like Yalies will get a chance to thrift shop and rock out. Indie band Grouplove, best known for its hit song “Tongue Tied,” will perform at Yale on April 29 — the same day as Spring Fling — according to a concert listing on Grouplove’s website Thursday afternoon. As of last night, the listing had been taken down.
Those three words. Yalies
across campus were greeted Thursday morning with a standard email from the Student Employment Office informing that they had received their payment for a student job. Normal enough, but the subject line of the email? “You been paid.” That’s right, and don’t you forget it.
14% If federal institutions reduce budgets by 5.3% as required by the sequester, Yale’s overall operating revenue would decline about 1%.
GRAPH YALE’S FINANCIAL AID FUNDING
THIS DAY IN YALE HISTORY
1887 The newly formed New Haven Camera Club meets for the third time to discuss the use of the “swinging back” in the camera and the principles of proper photography. Submit tips to Cross Campus
crosscampus@yaledailynews.com
ONLINE y MORE cc.yaledailynews.com
SELF-HELP (loans and work study)
SCHOLARSHIPS AND GRANTS Federal work study 23%
Federal scholarships and grants 3.8%
Other
Other
96.2%
77%
YALE 2011-’12 FINANCIAL REPORT
BY DAN WEINER AND JULIA ZORTHIAN STAFF REPORTERS Three days after the sequester began to slash federal budgets, roughly 10 University officers met to consider the grim reality of the cuts and their potential effects on the
University. The series of blunt reductions to the federal budget is likely to reduce Yale’s allocation of federal financial aid by around $125,000 and shrink the number and size of University research grants, said Associate Vice President for Federal and State Rela-
A committee responsible for conducting an extensive academic review of the Faculty of Arts and Sciences is homing in on possible ways for the University to allocate teaching positions across departments. For the past four years, the University has been unable to fund as many new teaching positions and initiatives as it could before the onset of the recession in 2008, Provost Benjamin Polak said, adding that new strategies are necessary to ensure that departments can plan for the future. Last fall, then-Provost Peter Salovey, who will become University president on June 30, formed a 14-person Academic Review Committee, a group charged with determining the optimum size of the faculty and with recommending a new system for allocating teaching positions, known as “slots,” between departments. Economics professor Steven Berry, who serves as the chair of the committee, said he expects to release a “broad set of ideas” to the FAS by the end of this term. “We’re too far away from decid-
Though the School of Management reported a slight decrease in the overall participation rate in its alumni fund for fiscal year 2012, the school has maintained high levels of alumni participation over the past 10 years in comparison to peer institutions. The SOM’s alumni fund raised roughly $1.5 million during fiscal year 2012, and over 44 percent of alumni made donations — down from roughly 49 percent in the 2011 fiscal year. With over 40 percent of SOM alumni participating in the alumni fund each year over the past 10 fiscal years, the school has the second-highest alumni participation rate among U.S. business schools after Dartmouth’s Tuck School of Business, where participation exceeded 70 percent last year. SOM administrators and alumni interviewed said alumni keep donating to the school because the small class sizes enable students to forge lasting relationships with one another, professors and administrators.
JOEL GETZ Senior associate dean, School of Management
tions Richard Jacob and Deputy Provost Steve Girvin in a presentation at a Tuesday meeting of administrators. Because the exact repercussions of the budget reductions are not yet clear, Jacob and Girvin
“Alumni giving at SOM is strong first and foremost because the school is a missiondriven organization, so even though the school has gone through changes over the years and will continue to do so, people experience the school in a deep way,” SOM Dean Edward Snyder said. Joel Getz, SOM senior associate dean for development and alumni relations, said the
SEE SEQUESTER PAGE 4
SEE ALUMNI GIVING PAGE 6
Academic review to shape faculty size BY SOPHIE GOULD STAFF REPORTER
BY ALEKSANDRA GJORGIEVSKA STAFF REPORTER
[Snyder] was willing to … go around the country and the world to meet with and speak with alumni. … Fundraising is, to a great extent, a contact sport.
The sequester would reduce Yale’s financial aid budget by $125,000, a 5.3% reduction of federal contributions through grants and work study.
Hail to the chief. In a Thursday
Globe changer. Yale senior Sejal Hathi ’13 has been awarded a 2013 Jefferson “Globechanger” Award for her work in establishing the international nonprofit organization “Girls Helping Girls,” which works to bridge international cultures and focuses on issues concerning poverty, education, public health and peace.
6%
80%
Midterm season is rough, guys. That’s why this is a friendly reminder that today is the last day to drop a class without receiving a “W” on your transcript. It’s also the deadline to apply for double credit in a single-credit course.
Science superstars. Eight Yale science professors have been named to the Connecticut Academy of Science and Engineering. Election to the academy is based on significant contributions in theory or applications to scientific and engineering fields. The fabulous eight will be celebrated at the Academy’s 38th annual meeting and dinner on May 22 at Quinnipiac University.
Other
Other sources of operating revenue, including endowment income
Check your academics.
email to the Yale community, Secretary and Vice President for Student Life Kimberly Goff-Crews ’83 LAW ’86 and music professor Daniel Harrison announced a series of inaugural festivities that will take place in October to celebrate Peter Salovey’s ascendancy to the presidency. The inauguration ceremony will be held from Oct. 10-13, though inaugural festivities will happen throughout the week.
SOM alumni donation rates high
ing, so I think it’s misleading to say, ‘Well, we’ve had this one idea, but we also had this other idea,’” Berry said, declining to comment more specifically on possible solutions the committee might recommend. “We’re focused on trying to get to some kind of at least preliminary recommendations or outlines that we can share with the faculty by the end of the term.”
Our aim is to fill every slot with the best person in the world. BENJAMIN POLAK Provost, Yale University Berry said the committee is still gathering information, and has asked the faculty advisory committees of the four academic divisions — physical sciences and engineering, biological sciences, social sciences and humanities — to talk to their department chairs and report back to the committee shortly after spring break. T h e c o m m i t te e h a s n o t SEE ACADEMIC REVIEW PAGE 4
Yale tackles financial illiteracy BY AMY WANG STAFF REPORTER On an ordinary day, the lobby of the Student Financial Services Center is clean, brightly lit — and almost completely empty. The center, which contains the financial aid offices for Yale College and other Yale schools, occupies the first floor of 246 Church St., an administrative building that sits at the eastern edge of campus and also houses the ID Center and Student Employment Office. Student Financial Services employs a team of 14 full-time staff members, roughly two-thirds of whom are qualified to provide students with information on financial aid, financial policies and personal finance, upon request. The only things missing from the equation are the students themselves. A Feb. 27 report by educationaltechnology company EverFi titled “Money Matters on Campus” found that the majority of college students are highly inexperienced in matters of personal finance. After surveying 40,000 first-year college students from around the country and finding that nearly 80 percent of the students “frequently” worry about debt, the report concluded with a strong rec-
ommendation that all colleges implement a mandatory financial literacy curriculum for students. University Director of Financial Aid Caesar Storlazzi said he and his staff are eager to help students get started managing their finances, but he added that his office must first raise awareness about the services it offers. When the office partnered with the Yale College Council last month to hold a “financial literacy forum” for students interested in learning more about personal finance, a group of 40 students attended and fired off questions for a full hour and a half. Eventually, Storlazzi had to conclude the forum and agree to plan another date for later in the semester to continue addressing students’ questions. “I was amazed by the level of interest,” Storlazzi said. “The bulk of the questions were about credit scores, income tax, IRS rules. … I just [thought] students know this already, but I realized they didn’t. There’s a real hunger to learn about it.” Storlazzi said the Yale College Dean’s Office introduced the idea of increasing financial literacy on campus roughly three years ago, but the initiative did not begin until this SEE FIN. LITERACY PAGE 4