best way forward with the goal
of reducing this to as low a level
as possible, if not zero.”
Schlissel also spoke about
the recent ruling by the 6th U.S.
Circuit Court of Appeals stating,
in cases of sexual misconduct,
universities
must
give
the
accused student or an attorney
an opportunity to cross-examine
the accuser in a hearing. Court
filings obtained by the Detroit
Free Press show the University
argued
for
a
third
party
mediator, but the extent to which
misconduct investigations will
change remains unclear.
“(The
University)
is
no
longer contesting whether the
investigative model they have
used to date is sufficient, and
understand
that
they
must
provide students in Title IX cases
with a live hearing including
cross-examination,” the filing
reads.
Schlissel
expressed
his
concern about the ruling and
stated the University is working
to accommodate complainants
as well as possible.
“We are concerned that a
procedure that requires a person
who is bringing a complaint to
confront the person who they
think is responsible for an act
of misconduct may really have a
very difficult effect on people’s
willingness to step forward and
seek help and bring a complaint,”
Schlissel said. “So, we’re looking
for ways that will allow us to
satisfy the requirements of the
court ruling, to allow some kind
of hearing, but to do it in a way
that is as sensitive as possible
to all of the parties who are
involved in the complaint.”
Schlissel
stated
the
University is approaching the
court to ask for clarification and
find out if other proposed cross-
examination
methods
will
legally fit with the ruling.
Investment Considerations
Last August, the University
announced
the
University’s
Board
of
Regents
will
consider
moving
investment
decisions currently in the public
board meetings to the investment
offices after a recommendation
from
an
independent
review
by
accounting
firm
PricewaterhouseCoopers.
According to Schlissel, this
is only a suggestion that the
board will consider, not an
actual action item that will be
implemented.
These suggestions come after
months of reporting, originally
published in the Detroit Free
Press, claiming the University
has invested up to $4 billion of its
$11 billion endowment into the
global properties of the largest
University donors including real
estate developer Stephen Ross,
investor Sandy Robertson and
businessman Sam Zell. The
Free Press also reported Regent
Andrea
Fischer
Newman
(R) accepted campaign funds
from
donors
who
receive
investments from the University.
Schlissel
and
University
statements have denied these
claims.
In an effort to clarify the
role of the Investment Advisory
Committee,
Schlissel
said
the committee would use its
financial background to help
the University make better
investment decisions in the
future.
“They’re largely alums …
who are leaders in all different
sectors
of
the
investment
work,”
Schlissel
said.
“We
discuss what we think future
trends are in different types
of
investments.
We
don’t
discuss specific investments …
These are volunteers and the
expertise they bring to the table
is just enormously valuable, so
we need to model our future
budget and to do that, we
need good predictions of how
much money the endowment
is going to earn and this group
helps us think about what
reasonable
expectations
are.
It’s
remarkable
service
by
volunteer alumni basically.”
Currently,
the
board
hears and approves specific
investments in the monthly
meetings and suggests regents
be removed from voting due
to conflicts of interest. In the
proposed revision to meeting
agenda, the board would vote on
broad investment decisions and
allow private committees to act
on these recommendations and
make investments themselves.
Schlissel
said
this
change,
proposed
by
PricewaterhouseCoopers
and
not guaranteed to be enacted,
would bring the University up to
speed with common investment
practices at other institutions.
“(PricewaterhouseCoopers
said) other universities like
us, the boards of regents or the
boards of trustees don’t vote
on
individual
investments,”
Schlissel said. “The level of
professional expertise that it
takes to figure out whether
a particular investment is a
good one is really complicated.
We hire professionals in our
investment office to do that
so that was a suggestion made
by the PWC people and we’ll
consider it … The PWC folks
pointed out that we’re an
outlier and they don’t know of
other universities that vote on
individual investments on the
Board.”
In regard to the image of
moving a public decision to a
private
committee,
Schlissel
claimed
it
wouldn’t
affect
the University’s openness on
investment decisions.
“We
currently
provide
a report every year on the
University’s investments and
that’s all public and that’s a
normal
practice,”
Schlissel
said. “It wouldn’t be a change
in transparency because these
things are already reported on
an annual basis.”
Financial Aid Programs
According
to
the
Office
of
Financial
Aid,
the
University cost of attendance for
in-state students is $30,298
and $64,386 for out-of-state
students.
When
discussing
other leading institutions like
New York University’s medical
school covering tuition for all
of its students and Stanford
University
covering
tuition
for all students whose income
is below $125,000, Schlissel
focused
on
Michigan’s
prominent
aid
program
— the Go Blue Guarantee.
The Go Blue Guarantee
covers tuition for in-state
students
whose
income
is
below
$65,000.
Schlissel said this is a big
accomplishment for a public
university.
“We are, as far as I know,
the first public university
ever to make a guarantee of
four years of free tuition and
fees for half of the families
in the state of Michigan,”
Schlissel said.
Schlissel
added
universities like Stanford
University
or
Harvard
University that have the
financial capacity to grant
more aid is beneficial for
their
students.
For
the
University of Michigan, on
the other hand, he said the
Go Blue Guarantee does
good work.
“What
Michigan
has
done (with the Go Blue
Guarantee), to me, it’s the
thing I’m proudest out of
everything I’ve accomplished
since I’ve been here,” Schlissel
said.
For
out-of-state-students,
Schlissel said the University
meets
the
federally-
calculated
financial
need,
based on the FAFSA. He said
the University would like to
help more students attend but
will prioritize in-state families
with programs like the Go Blue
Guarantee.
“I would love to be able to
do corresponding things for
other populations of people,
but our first responsibility as a
Michigan public university is to
the members of our community
here in the state,” Schlissel said.
Schlissel said other public
universities
are
following
the University’s example and
expanding financial aid budgets
and programs to make college
more affordable.
“Ohio has copied us, Illinois is
copying us, and I think that’s a
wonderful thing,” Schlissel said.
Michigan Voting Laws
The University of Michigan
and Michigan State University’s
chapters of College Democrats
recently filed a lawsuit against
the
Michigan
Secretary
of
State over what they see as
unnecessarily restrictive state
voting laws, bringing renewed
attention on campus to voting
accessibility.
Schlissel was instrumental
in starting the Big Ten Voting
Challenge, an initiative aimed
at increasing voter registration
and turnout at Big Ten schools.
After hearing the idea, originally
proposed for just the University
of Michigan, Schlissel wrote
the other 13 Big Ten university
presidents
and
proposed
a
contest for the greatest increase
in the percentage of registered
voters and the biggest campus
turnout. The others responded
positively
and
began
the
initiative.
Schlissel
expects
campus
turnout to be much higher than
in previous elections and lauded
the recent public focus on voting
at the University.
“Anything that makes it more
difficult to exercise the right
to vote — I think you have to
be enormously careful about,”
Schlissel
said.
“And
what
we’re trying to do is encourage
all Michigan students to get
registered, whether it’s here
in the state or their home state
— and to vote. … I’m really
optimistic that the turnout is
going to be much greater than
it has been in recent elections
because of all the focus on this.
It’s much better to participate
in the process than to complain
about elections.”
Schlissel also addressed the
possibility of not holding classes
on Election Day, as mentioned
by CSG President Daniel Greene
at the board meeting last
week. In the short term, the
administration
has
asked
faculty to be mindful of the date
and try not to schedule exams or
events on that date.
Schlissel has also discussed
canceling classes on Election
Day and making up the lost class
time by shortening Fall Break
by one day, an idea that has
seen a mixed reception among
2 — Tuesday, September 25, 2018
The Michigan Daily — michigandaily.com
News
SCHLISSEL
From Page 1
2
5
4
6
9
4
3
5
8
6
9
4
2
8
6
8
7
3
9
7
1
1
5
8
9
1
Sudoku Syndication
http://sudokusyndication.com/sudoku/generator/print/
1 of 1
2/9/09 12:02 PM
OVERLOAD.
puzzle by sudokusyndication.com
FRIDAY:
Behind the Story
WEDNESDAY:
This Week in History
THURSDAY:
Twitter Talk
MONDAY:
Looking at the Numbers
TUESDAY:
By Design
420 Maynard St.
Ann Arbor, MI 48109-1327
www.michigandaily.com
ARTS SECTION
arts@michigandaily.com
SPORTS SECTION
sports@michigandaily.com
ADVERTISING
dailydisplay@gmail.com
NEWS TIPS
news@michigandaily.com
LETTERS TO THE EDITOR
tothedaily@michigandaily.com
EDITORIAL PAGE
opinion@michigandaily.com
NATHAN GUPTA
Business Manager
734-418-4115 ext. 1241
nathankg@michigandaily.com
ALEXA ST. JOHN
Editor in Chief
734-418-4115 ext. 1251
alexastj@michigandaily.com
PHOTOGRAPHY SECTION
photo@michigandaily.com
NEWSROOM
734-418-4115 opt. 3
CORRECTIONS
corrections@michigandaily.com
The Michigan Daily (ISSN 0745-967) is published Monday through Friday during the
fall and winter terms by students at the University OF Michigan. One copy is available
free of charge to all readers. Additional copies may be picked up at the Daily’s office for
$2. Subscriptions for September-April are $250 and year long subscriptions are $275.
University affiliates are subject to a reduced subscription rate. On-campus subscriptions
for fall term are $35. Subscriptions must be prepaid.
DAYTON HARE
Managing Editor haredayt@michigandaily.com
RIYAH BASHA and SOPHIE SHERRY
Managing News Editor news@michigandaily.com
Senior News Editors: Andrew Hiyama, Carly Ryan, Kaela Theut, Matt Harmon,
Maya Goldman
Assistant News Editors: Jordyn Baker, Remy Farkas, Riley Langefeld, Elizabeth
Lawrence, Rachel Leung, Molly Norris, Maeve O’Brien, Shannon Ors, Amara
Shaikh, Katherina Sourine
ANU ROY-CHAUDHURY and ASHLEY ZHANG
Editorial Page Editors
tothedaily@michigandaily.com
Senior Opinion Editors: Tara Jayaram, Joel Danilewitz, Jeremy Kaplan, Ben
Charlson, Magdalena Mihaylova
MIKE PERSAK and LANEY BYLER
Managing Sports Editors sportseditors@michigandaily.com
DANIELLE YACOBSON and MADELEINE GAUDIN
Managing Arts Editors
arts@michigandaily.com
Senior Arts Editors: Becky Portman, Sam Rosenberg, Arya Naidu, Dominic
Polsinelli
Arts Beat Editors: Jack Brandon, Fallon Gates, Shima Sadaghiyani, Tess Garcia,
Sofia Lynch
ALEXIS RANKIN and KATELYN MULCAHY
Managing Photo Editors photo@michigandaily.com
ROSEANNE CHAO and CASEY TIN
Managing Design Editors
design@michigandaily.com
Senior Design Editor: Jack Silberman
BRIAN KUANG
Statement Editor statement@michigandaily.com
Deputy Editors: Colin Beresford, Jennifer Meer
FINN STORER and ELISE LAARMAN
Managing Copy Editors copydesk@michigandaily.com
Senior Copy Editors: Emily Stillman and Allie Bopp
BOB LESSER and JORDAN WOLFF
Managing Online Editors
lesserrc@michigandaily.com
Senior Web Developers: Patricia Huang, Abna Panda, Hassaan Ali Wattoo,
Rebecca Tung
IAN HARRIS
Managing Video Editor video@michigandaily.com
Senior Video Editors: Abe Lofy, Robby Weinbaum, Jillian Drzinski, Danielle Kim
JASON ROWLAND and ASHLEY TJHUNG
Michigan in Color Editors michiganincolor@michigandaily.com
Senior Michigan in Color Editors: Lorna Brown, Zainab Bhindarwala,
Christian Paneda, Nisa Khan, Na’kia Channey
Assistant Michigan in Color Editors: Angelo McKoy, Kareem Shunnar, Maya
Mokh, Priya Judge, Efe Osagie
KAYLA WATERMAN
Managing Social Media Editor
Editorial Staff
Business Staff
CAMERON COANE
Sales Manager
JEFFREY ZHANG
Local Accounts Manager
ALEC SPELLER
Marketing Consulting Manager
DEANA ZHU
Special Projects Manager
MARIO DRESAJ
Brand Manager
ROHIT IYER
Business Development Manager
Senior Photo Editors: Amelia Cacchione, Emma Richter, Evan Aaron
Assistant Photo Editors: Alice Liu, Darby Stipe, Max Kuang, Ryan McLoughlin,
Alec Cohen
Senior Sports Editors: Mark Calcagno, Robert Hefter, Max Marcovitch, Paige
Voeffray, Ethan Wolfe
Assistant Sports Editors: Aria Gerson, Ben Katz, Tien Le, Anna Marcus, Ethan
Sears, Jacob Shames
ADRIANNA KUSMIERCZYK
Creative Director
Roseanne Chao/Daily
See SCHLISSEL, Page 3