newjerseynewsroom.com

Friday
Aug 24th

Rutgers merger official, but questions still remain

BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Governor Chris Christie signed a higher education reform bill on Wednesday that he said would usher in a new era for Rutgers.

Most notably, the New Jersey Medical and Health Sciences Education Restructering Act gives Rutgers a medical school in New Brunswick and raises Rowan to research university status.

According to the Courier Post, the New Jersey Medical and Health Sciences Education Restructuring Act will transfer all the facilities of the University of Medicine and Dentistry of New Jersey except its School of Osteopathic Medicine and University Hospital to Rutgers. Rutgers will then become one of the top 25 schools in the nation in terms of grant funding for research. Rowan College of Glassboro will take in UMDNJ’s osteopathic medical campus in Stratford within a year. Rowan’s Cooper Medical School begins in the fall.

Also, Rowan and Rutgers-Camden will be sharing in life sciences education and research. Christie said Rutgers now has "all the things that make a top-flight state university," according to NJBIZ. The school will be gaining medical, dental, nursing, and public health schools.

The governor said feedback from the biotechnology and pharmaceutical industries was positive. State Senate President Stephen Sweeney said pushing the legislation forward was difficult, but “it was the right thing to do.”

But NorthJersey.com reports there is no overall cost estimate for the merger, and no funding has been put aside for it in the state budget. When most of the UMDNJ integrates into Rutgers by July of next year, it will create an annual budget of almost $3.7 billion. Rutgers will also be assuming the UMDNJ’s debt of more than $600 million.

Students feared that their tuition would rise substantially, while nurses in Newark were concerned that the deal only guaranteed their jobs for a year, according to CBS News.

 

Add your comment

Your name:
Subject:
Comment:


Follow/join us

Twitter: njnewsroom Linked In Group: 2483509

Hot topics

 

Children can be conned out of inheritance after multiple marriages

BY CAROL ABAYA NEWJERSEYNEWSROOM.COM THE SANDWICH GENERATION Multiple marriages and blended families can mean children get cheated out of money and assets their parent(s) earned and had before the second or third marriage. At the 2012 senior citizens’ law day conference, Lawrence A. Friedman, Bridgewater elder law attorney, said elders need to protect their children of prior marriages from being disinherited. "Even if your spouse’s current will provides for your children, your spouse may change it after you pass away,” he said. In addition to protecting one's child, an appropriate will can minimize N.J. estate taxes, which kick in if assets are over $675,000. At the conference, Cathyanne Pisciotta from North Brunswick discussed guardianship which could be necessary if various legal documents are not signed. Pisciotta said that if a person does not have a durable power of attorney (for financial affairs) and a living will (for medical decisions), anyone else can seek guardianship of that person. An expensive court proceeding is mandatory. And she said, “If one person seeks guardianship, someone else can challenge the appointment. Another relative may seek to be appointed guardian because he/she wants the money and power.”

 

NJNR Press Box

 

Join New Jersey Newsroom.com on Twitter

 

Be a Facebook fan of New Jersey Newsroom.com


**V 2.0**