St Michael’s College Awarded Grant

first_imgSaint Michael’s College received a grant for $116,640 from the DavisEducational Foundation on May 5 for a program focused on helping integratenew faculty into teaching in a liberal arts college, President MarcvanderHeyden announced.The grant will support a New Instructors Program, which will include aseries of one-hour seminars addressing student learning styles, classroommanagement, effective pedagogy and understanding of the Saint Michael’sLiberal Studies requirement. It will also support a program linking afaculty-teaching mentor with each new faculty member to help him or herdevelop an effective teaching style.”What’s exciting is that this grant allows the college to work withincoming faculty members as they make the complicated transition fromgraduate programs at large universities to teaching at an undergraduateliberal arts college,” said Dr John Kenney, Saint Michael’s Dean of theCollege. “Above all it will help new faculty focus their efforts andtheir disciplinary learning on effective undergraduate instruction,” DeanKenney said.The grant will help new faculty “transition from the discipline-focusedscholarship of the typical Ph.D.-granting university to the moreinterconnected curriculum of the liberal arts college,” according to thegrant proposal.The project will extend over three years and will include some 32 newfaculty members, counting eight per year, and including those who began atSaint Michael’s during the 2002-2003 academic year.Located in Falmouth Maine, the Davis Educational Foundation, which awardedthe grant, was established by Stanton and Elisabeth Davis after hisretirement as chairman of Shaw’s Supermarkets, Inc.last_img read more

What really is a credit score?

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Christina Camacho Christina Camacho is the Founder and CEO of Ivy Lender. Christina spent her banking career working with SME businesses as well as Fortune 500 companies at the top Financial Institutions … Web: www.ivylender.com Details A credit score in the United States is a number representing the creditworthiness of a person and the likelihood that person will pay his or her debts. Lenders, such as Credit Unions and credit card companies, rely on credit scores to evaluate the potential risk associated with lending money to consumers.Statistics show that the current credit models are not inclusive.  The current scoring models favor privileged individuals with capital in a different way than the working-class.  Millions of Americans do not have a score at all because of limited credit history. “If you think about the credit-invisible population in this country, their ability to enter the financial mainstream and access affordable credit instead of payday lenders, pawnshops and check-cashing services is tied to what’s in their credit report,” says Michael Turner, the president of the Policy and Economic Research Council. “They’re caught in the credit catch-22: In order to qualify for credit you have to have already had credit.”Companies such as Upstart, are attacking this problem by considering “outside-of-the-box” data points such as: education, area of study and job history to determine lend-worthiness.  By harnessing big data, machine learning and other technological advances FinTechs are getting a more accurate estimation of a consumer’s creditworthiness outside of traditional data points.Lending to credit-invisible individuals represent both opportunity and risk for Credit Unions. While they offer the opportunity to gain customers, they also pose a significant risk if credit is extended without sufficient analysis of their ability to repay debt. Individuals who lack credit scores are at risk, too, because access to credit is increasingly important in the modern economy.“The current credit system is not an accurate representation of how borrow-worthy each individual is.” – David Potter, CEO of CuruCuru, a credit building application, is supporting this mission of eliminating credit rejection by providing tools that empower consumers to be included in the current FICO model.  Unique to Curu, is their platform’s user offering that matches consumers with forwarding thinking lending products. Their application identifies products that their users are pre-approved for based on the data collected through their mobile application.  Their mission is to make these”credit-invisible” individuals “visible.”last_img read more