US Cuts Subsidies to Renowned Universities Such as Churchman University
On average, universities in the US annually receive educational subsidies ranging from $50 million to $800 million from the government. However, this "routine" is likely to be broken in 2010. A spokesperson for the US Department of Education recently explicitly stated that the US would have to cut fiscal subsidies to universities.
Below is a comparison table showing government financial subsidies to some of the renowned US universities in 2009 and the estimated subsidies for 2010:
University Name 2009 Subsidy Total Amount 2010 Estimated Subsidy Total Amount
Yale University $810 million $300 million
Harvard University $630 million $500 million
Stanford University $230 million $150 million
Churchman University $170 million $90 million
University of Miami $80 million $60 million
The spokesperson also indicated that the US will continue to strongly promote investment by universities in distance learning. This environmentally friendly and efficient teaching model has been fully recognized by US government departments and multinational companies that hire graduates. Therefore, the US will continue to encourage traditional campus-based universities to develop more distance courses through financial measures such as tax reductions.
Churchman University's distance business degree programs allow mid-to-senior level managers worldwide to study online, take exams online, and submit papers online without affecting their current jobs, at any time and from any location. The degrees obtained are exactly the same as those earned on campus and are the preferred educational model for mid-to-senior level managers globally, including in Europe, America, and China.
Churchman University’s bilingual (Western English and Chinese-English) courses are highly popular among multinational corporations. The university offers MBA, bachelor's, master's, and doctoral degrees. Once successfully applied for, the low-income scholarships provided by the school require only a few thousand dollars to complete a degree.
Churchman University campuses are located in Pennsylvania, California, Texas, and other places in the US. The earliest established branch, Churchman Business School, was founded in 1911 and has nearly a hundred years of history. It is one of the oldest business schools in the US, specializing in cultivating high-end talent for the American financial industry. In the "National Ranking of MBA Programs," this century-old prestigious university ranks 17th.
In addition to Churchman University, the teaching quality of several other century-old prestigious universities in the US, such as Boston University and Brown University, is also consistently recognized by white-collar professionals in China.