Yahoo! News: Education News

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• Chicago schools make pension payment; classroom cuts likely
• Kansas Supreme Court stays lower court's order on school aid
• U.S. bankruptcy judge pushes debt relief for Corinthian students
• Chicago school pension payment will be made: Illinois House speaker
• A high school history lesson – from Whitey Bulger?
• 10 Colleges Where Freshmen Are Most Likely to Come Back
• U.S. Colleges Adapt as More Chinese Undergrads Come to Campus
• Cenovus to sell royalty portfolio to Ontario Teachers' for $2.66 billion

Chicago schools make pension payment; classroom cuts likely Posted: 30 Jun 2015 05:00 PM PDT SPRINGFIELD, Ill. (AP) — Chicago Mayor Rahm Emanuel said Tuesday that the city's public schools would have to cut classroom spending to make up for a $634 million contribution to its teacher pensions — a payment the financially troubled district made without help it had been seeking from the Illinois Legislature.

Kansas Supreme Court stays lower court's order on school aid Posted: 30 Jun 2015 04:41 PM PDT TOPEKA, Kan. (AP) — Kansas' highest court Tuesday put on hold a lower court's order for the state to immediately increase aid to public schools by roughly $50 million but promised to move quickly to decide whether the state is distributing its money fairly.

U.S. bankruptcy judge pushes debt relief for Corinthian students Posted: 30 Jun 2015 02:29 PM PDT The U.S. government and former students of Corinthian Colleges, which closed in April, need to promote the government's loan relief program before asking for a stay on all student debt collections, a U.S. Bankruptcy judge said on Tuesday. Judge Kevin Carey in Wilmington, Delaware, declined to rule on a request by an official committee of Corinthian students to halt all loan repayments amid allegations the company misrepresented itself to prospective students. Corinthian Colleges Inc became the largest failure in for-profit higher education when it abruptly closed 28 schools in April and left 16,000 students without classes.

Chicago school pension payment will be made: Illinois House speaker Posted: 30 Jun 2015 01:55 PM PDT Illinois House Speaker Michael Madigan said the Chicago Public Schools will make a full $634 million payment to its teachers pension fund by a midnight Tuesday deadline. The Chicago Democrat said he was advised by "reliable sources" that the nation's third-largest public school system has the cash to make the state-mandated payment on time.

A high school history lesson – from Whitey Bulger? Posted: 30 Jun 2015 08:33 AM PDT Convicted former mob boss James "Whitey" Bulger, now in a high-security Florida prison, proved that when he responded to three Massachusetts high school students who wrote him as part of their submission for a National History Day competition on the themes of leadership and legacy. "My life was wasted and spent foolishly, brought shame + suffering on my parents and siblings and will end soon," Bulger wrote in the Feb. 24 letter, first published by the Boston Globe.

10 Colleges Where Freshmen Are Most Likely to Come Back Posted: 30 Jun 2015 06:00 AM PDT The U.S. News Short List, separate from our overall rankings, is a regular series that magnifies individual data points in hopes of providing students and parents a way to find which undergraduate or graduate programs excel or have room to grow in specific areas. Be sure to explore The Short List: College, The Short List: Grad School and The Short List: Online Programs to find data that matter to you in your college or graduate school search.

U.S. Colleges Adapt as More Chinese Undergrads Come to Campus Posted: 30 Jun 2015 05:30 AM PDT Chinese undergraduate Tianyi Zhang had seen plenty of movies and TV shows about the U.S., but nothing could quite prepare her for what she would encounter on a North American campus. "There are lots of differences in our living habits -- the food, the lifestyle," says Zhang, a rising senior and computer science major at Purdue University--West Lafayette. Zhang is one of the increasing number of Chinese undergraduates enrolling at U.S. colleges.

Cenovus to sell royalty portfolio to Ontario Teachers' for $2.66 billion Posted: 30 Jun 2015 05:19 AM PDT By Euan Rocha TORONTO (Reuters) - Cenovus Energy Inc , Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers' Pension Plan for about C$3.3 billion ($2.66 billion). "We believe this agreement captures significant value for Cenovus shareholders from our royalty and fee lands business," said Cenovus Chief Executive Officer Brian Ferguson. "This transaction will realize value that isn't currently reflected in our share price." Calgary, Alberta-based Cenovus said the move will strengthen its balance sheet and offer flexibility to invest in growth projects.

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