At his formal inauguration today, Ohio State University President Michael V. Drake is expected to unveil a five-year plan to cut spending by $200 million, generate another $200 million in revenue and add student scholarships. Drake plans to make the announcement at his investiture, the official ceremony marking a presidentâs transition to power in the first year of office.
State lawmakers are helping dole out $1 million in college scholarships this year, but they can keep the winners secret under a program run by a group of private, for-profit colleges. The Ohio Association of Career Colleges and Schools, a lobbying group that represents for-profit schools statewide, requires students to get a lawmakerâs signature to be considered for its Legislative Scholarship program. Lawmakers said theyâre happy to help students, but critics see the program as a veiled lobbying effort.
The Columbus Collaboratory has chosen Matt Wald as its new CEO. Wald most recently was the head of corporate development at IntelePeer, a Silicon Valley-area cloud-communications company.