Notes in the Margins: Gee’s millions, elites’ aid and money to graduate

Ohio State Reaches $5.8M Deal With Retired President Gordon Gee The contract with Gee includes a one-time payment of $1.5 million, an annual salary of $410,000 and a $300,000 annual grant for research on 21st-century education policy. It also retains him as a full professor in the university’s College of Law, pays him health insurance and covers moving and storage expenses. (The Huffington Post)

A Do-It-Yourself MBA? This Guy Did It–and So Can You Victor Saad tapped into existing social and professional networks to write an 18-month plan for what he dubbed the Leap Year Project–a series of 12 business apprenticeships in the course of 12 months. (Inc.)

Former Penn State officials to go to trial in alleged coverup of Jerry Sandusky scandal Prosecutors showed enough evidence during a two-day preliminary hearing to warrant a full criminal court trial for former president Graham Spanier, former vice president Gary Schultz and former athletic director Tim Curley, Judge William Wenner concluded. (The Washington Post)

Elite Colleges Differ on How They Aid Poor As colleges profess a growing commitment to recruiting poor students, a comparison of low-income enrollment shows wide disparities among the most competitive private institutions. (The New York Times)

States offer students an incentive to graduate: money States such as Indiana are beginning to demand something in exchange for their financial aid investments: higher graduation rates. Starting next year, Indiana students will be required not only to start but also to finish 24 credits annually for their aid to be renewed. They’ll be rewarded with up to an additional $600 a year in aid at public colleges and universities and $1,100 more at private ones if they complete 30 credits or more. The idea is to put them on track to graduate within four years. (The Hechinger Report via NAICU)