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Show THE CAMPUS SUU doesn't 'play' the stock ntarket match those of other institutions, Stauffer said money is allocated to certian asset categories; the national averages are 63 percent in common stock, OJ;.THE JOURNAL STAFF 30 percent in fixed income such as bonds and CDs and 7 percent in real estate and other investments. Like many colleges and universities, SUU invests "We have been adding to our equity portfolio for in st0cks purchased through administrative the past 15 months in order to increase our return individuals skilled in selecting investments and also from donors who "give stocks to the university on investments and to m ore closely mirror t he asset allocation mix of other higher education as gifts," said Greg Stauffer, vice president for institutions with growing endowments," he said. administrative and financial services. The majority Also, Stauffer said strong protections must be in of the money allocated from these investments goes place "to guide us in all our investment decisions." toward scholarships and other institutional needs Among protections these are SUU Investment as specified by the donor, he said. Committees, the Board of Trustees Finance "We invest for the long-term with our equity Committee, the State Money Management Act and ponfolio," he said. "We don't 'play' the st0ck othets. market as one might in their personal portfolio. "Increasing investment returns mean greater Our purpose is not to try to get rich quick, but to appreciation in the value of assets. This means run a university the best way we can," Stauffer more money for student scholarships and projects," said. Stauffer said. SUU's holdings are said to be "quality, long-term Over the past several years, while fixed income holdings," according to Stauffer. "We invest in investments have averaged some 6 percent in blue-chip, Fortune 500 companies -some of the returns, equity investments have returned 15 500 most successful companies in the world-in percent or better, according to Stauffer. He said the s uch industries as telecommunications, banking, goal, essentially, is to raise investment return utilities,·and retail services. We have also invested percentages to the national average for instituiQns in some very reputable regional services such as First Security, American Stores, U.S. West, Questar, of higher learning by adjusting the asset allocation mix to national norms. and Pacificorp," be said. "The only prudent investment strategy, then, is However, Stauffer said investment returns at to increase exposure to equities," said Stauffer. "I SUU do not yet match national averages for 0 think one has to believe in the country, to trust ~ institutions of higher education because SUU that this is the place to be in order to achieve ~ historically has not had much exposure to equity success in the stock market and to be in it for the ~ (common stocks and mutual funds) investments. long term." ;:! T o increase the quality of investment returns to By KAMI EGAN Preparation. begins now for Commencement ceremonies By JANELLE PHILLIPS JOURNAL STAFF WRITER As graduation approaches, students rush to finish those last requirements and make preparations to walk down the aisle at this year's Commencement exercises. Many students may be wondering just exactly how close to graduating they have to be to walk. Sterling Church, vice president of student services, said if a student is within 15 credits of graduation and can complete these credits summer quarter he or she can walk at commencement. At the end of the summer quarter the student will receive a diploma. He said if students will be able to complete these requirements they need to go through graduation checkout, just the same as if they had already completed the requirements, and talk to officials in the Registrar's Office. Church said, "1 think what this does is to accommodate students who may be taking a job at the end of the summer. It may be difficult for them to come back for graduation next spring." It wasn't always this way Church said. Three years ago SUU changed its Commencement policy, allowing the 15 credit overdraft to help their students with placement in the job field directly after graduating. "I think students are appreciative of what the policy allows them to do," he said. "At some point in time when we're a larger institution, we may look at a second graduation at the end of the summer," Church said. However, he said, he doesn't think this will happen in the near future. Church said if a student finds they'll finish by the end of fall quaner and need a diploma to get a job he can receive a letter from the Registrar's Office. From this letter, he said an employer will know that student has already graduated, but is just waiting for commencement to receive their diploma. Commencement activities are scheduled for June 6, 1998, at 9 a.m. in the Centrum Arena. Students will be awarded diplomas for associates, bachelor's, and master's degrees at this time. Church said all degree candidates are expected to attend commencement exercises unless they are excused by Provost Terry D. Alger. Candidates for bachelor's degrees will wear colored tassels representing the college from which they're graduating. White denotes Arts, Letters, and Humanities. Business, Technology, and Communication is represented by Drab. Education is denoted by light blue and golden yellow will identify Science. Church said caps and gowns are required for all graduates panicipating in the commencement ceremonies. He said when students go through graduation checkout they will be able to order their caps and gowns. According to Church, graduates should not expect their diploma until two months after completing their degree. All students who wish to receive their diploma need to leave a current mailing address before leaving the campus. Church said sometime in the near future there will be a commencement activities brochure released with specific instructions and an agend.a of all the week's events. Nursing program will continue to be offered here By KAMI BISHOP JOURNAL STAFF WRITER Last month the State Board of Regents approved Dixie College to continue its nursing associate degree program for the second year. According to Susan Gardner, coordinator of the SUU nursing program, no decision was actually stated on the nursing program at SUU. She said the implied assumption, however, is that "both programs will stay in existence and admit students on an alternate basis." According to Gardner, to complete the nursing program and obtain a degree from Weber State University, SUU's cooperative partner in the nursing program, students must be in the program for two years. SUU admitted a new group of students fall quarter of this school year. Therefore, the next time the nursing program will admit new students will not be until fall quarter of 1999. This benefits the 23 students in the program now, allowing them to go through the program with only a small group. Dixie and SU will alternate graduation years. Gardner said she is pleased with the decision. "The majority of the students who become registered nurses stay within the southern Utah area, and 100 students who were registered in the area returned to complete their bachelor's degree." Founded in 1974, the nursing program offered a few select students a chance to obtain an associate's degree and become registered nurses. Gardner said the program has grown to an average class size of 25 students and offers a bachelor's degree program as well. Each degree offered involves a s trenuous twoyear learning process. The nursing program is a cooperative partner program with Weber State University. "Students take classes here at SUU, yet receive their degree from Weber," said Garciner. In order to be accepted into the program, Gardner said students must go through an application process separate from SUU or Weber State admissions. Applicants must submit an application with references, a written essay on their goals for nursing, and a $10 application fee . Gardner said their ACT scores and GPA must also be fairly high . An admissions committee then reviews all of the applications and decides who to admit. "There are many benefits that come from the program," Gardner said. " For one, it provides an opportunity for students to complete a nursing education. Many adults from the surrounding rural communities also come to SUU to take these classes." |
