Weekly Market Update


Thursday, November 14, 2019

On Tuesday, the Supreme Court held a hearing to determine the legality of the Deferred Action for Childhood Arrivals ("DACA") program established during the Obama administration. In 2017, the Trump administration announced that it would unwind the program, which currently protects approximately 700,000 undocumented immigrants brought to the U.S. as children. DACA allows its recipients to legally work within the U.S., in addition to access to in-state tuition rates and private loans. It is estimated that 1,700 DACA recipients are enrolled in the University of California System alone, and the American Council on Education and 43 other higher education associations are in support of continuing the program. However, following the hearing, the Court's conservative block seemed receptive to supporting the case for the program to be terminated.

In Other News

  • Business classes at Fordham University are utilizing virtual reality ("VR") to teach professional "soft" skills. The VR goggles allow students to undergo simulation exercises related to networking, presenting, and conducting meetings, while the scenarios are projected for peer observation.
  • Project SEARCH, a nationally adopted program originally developed at Cincinnati Children's Hospital Medical Center, seeks to secure competitive employment for people with disabilities. One of its newer initiatives, an internship program that pairs special education students with potential employers after high school through on-the-job training, has entered its third year.
  • The University of Texas ("UT") received a $130 million gift to help the institution break ground on a new basketball arena. The arena, which replaces its existing Erwin Center, will be built on UT land but will be developed and operated by a private-sector partner; UT will have use of the facility for about 60 days a year for its basketball games, while its partner will hold concerts and other events during the rest of the year.
  • Seeking to increase college completion rates and overall costs, a New Hampshire senator introduced a bill coined the "Fast Track to and Through College Act." Basing its framework off Advanced Placement courses, the bipartisan bill aims to fill the gaps existing in early college processes by ensuring that credits earned at participating high schools would be accepted at New Hampshire colleges.