On Friday, the Association of American Universities, of which Penn State is a member, sent a letter to President-elect Obama recommending six actions his administration should take to, “help college students and universities weather the economic downturn and boost the nation’s economic recovery.”
- Ensure access to a college education through grants and loans.
- Create a mechanism to address credit market dislocation and enable colleges to finish construction of current building projects and begin construction of shovel-ready projects.
- Provide an additional $750 million for academic research facilities modernization and instrumentation programs at the National Science Foundation, the National Institute of Standards and Technology, and the National Institutes of Health.
- Provide an additional $150 million for the Department of Energy’s new Energy Frontier Research Centers program as a means of stimulating university energy research and training capacity to address the nation’s energy challenges.
- Provide $1.8 billion to enable research universities to hire more young scientists and engineers for tenure- track faculty positions.
- Significantly improve academic infrastructure around the country by creating the broad academic infrastructure program discussed in the forthcoming letter of the higher education associations.
Is this the bail-out universities need?