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Best Buy Founder Spreads Seeds to Grow Student Startups

Dick Schulze (Photo: courtesy Schulze Family Foundation)
Dick Schulze (Photo: courtesy Schulze Family Foundation)

When Dick Schulze started his business 52 years ago, he mortgaged his home to seed his business, the consumer-electronics retailer Best Buy.

This week, Schulze and the foundation named for him awarded $250,000 in startup funding to college students with great business ideas.

“It’s possible to build a meaningful company, a very successful, and in our case, a very large-scale company from a very, very small startup,” said Schulze from the University of St. Thomas in Minneapolis, Minnesota, where he is an alumnus, trustee and major donor. While Schulze has retired from Best Buy, the company just reported more than $42 billion in revenue, according to its annual report.

The Richard M. Schulze Family Foundation notes age may no longer a barrier for young people with good business ideas, but funding remains a hurdle.

Ask sophomores Jackie Page and Meghan Sharkus, students at St. Thomas.

They make adhesive patches that secure medical devices like Dexcom, which monitors the blood glucose levels of diabetics. The adhesives are a less bulky alternative and secure the device during exercising or bathing. And Page and Sharkus designed them to make device-wearing attractive, rather than visually uncomfortable.

Some are fashioned to resemble tattoos. One uses a snowflake motif. Others are sporty.

Photo: courtesy ExpressionMed
Photo: courtesy ExpressionMed

Of 25 college-age finalists with business models, Page and Sharkus’s ExpressionMed, won them $75,000 from Schulze's foundation.

“They took it upon themselves to align strategically with partnerships of other people that could help them understand what it was going to take to make their product really, truly different and better than what was in the marketplace,” Schulze said.

“So they distinguished themselves not only to us, but also to those who have had the opportunity to use the ExpressionMed ‘fashion,’ or form of adhesives that hold these absolutely necessary medical devices close to the patient.”

They started with $5,000 of Sharkus’s high-school graduation money. She earned $30,000 more in competitions the following year. They have generated sales revenue, and now add the Schulze prize money to their business.

Sharkus said St. Thomas has given her and Page time to spend with professionals and mentors from outside school, talking about business models.She said that this made the school the perfect place to start a business.

"Just being in that environment makes school the perfect place to start a business, and,especially for young people. You know, we do get looked down on sometimes by certain people, being women, being young, being new to the space. But if you are well-educated and you do your research ahead of time and you have the market stats and your product works you can really do anything," she said.

Page and Sharkus also credit their success to researching their product and market, and partnership with medical startups in Minneapolis, who helped them understand and overcome obstacles they would face.

“When I call someone, and they say something isn’t possible, that’s a challenge!” said Sharkus. “I just get so excited about it! And then when it works, that’s the most fulfilling thing.”

Sharkus said time management is the best advice she gives to students who want to start a business.

“The first thing that people worried about was balancing [entrepreneurship] with school and with friends,” Sharkus said. “But what we found was that you’d be surprised at how much time you have if you don’t watch Netflix, and, you know, go out every day.”

Other winning ideas devised a way to improve school bus routes to reduce carbon emissions and save money for school districts, a temperature-regulated mask for weather-triggered asthma attacks, and 3D printing for metal parts.

Schulze said the most successful people are typically the most passionate about building a business and following their dream.He said they don’t take “no” for an answer, seek out answers, network openly, and share ideas to grow their dreams.

The Richard M. Schulze Family Foundation says it follows its founder’s beliefs in the value of innovation and in improving the lives of middle-and working-class families.”

Which is where Schulze got his start.

“For me, personally, it was really a matter of mortgaging the ranch. When I started the company back in 1966, it was really about taking what little funding we had and equity from our home, a loving spouse that was willing to take that risk with me, and we invested it in a business with the help and support of, in my case, manufacturers,” Schulze said.

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Competition grows for international students eyeing Yale

FILE - The Yale University campus is in New Haven, Connecticut, on Dec. 4, 2023.
FILE - The Yale University campus is in New Haven, Connecticut, on Dec. 4, 2023.

It’s tough to gain admission to Yale University, and it’s getting even tougher for international students as standout students from around the world set their sights on Yale.

The Yale Dale News, the campus newspaper, takes a look at the situation here.

Read the full story here.

Student from Ethiopia says Whitman College culture made it easy to settle in

FILE - This May 18, 2021, photo shows a woman typing on a laptop in New Jersey.
FILE - This May 18, 2021, photo shows a woman typing on a laptop in New Jersey.

Ruth Chane, a computer science major from Ethiopia, writes about her experiences settling into student life at Whitman College in the U.S. state of Washington.

"The community at Whitman College made sure I felt welcomed even before I stepped foot on campus," she says.

Read her essay here.

Claremont Colleges student gets a shock when she heads home to Shanghai

FILE - In this Feb. 2, 2012, photo, students walk through the campus of Claremont McKenna College in Claremont, Calif.
FILE - In this Feb. 2, 2012, photo, students walk through the campus of Claremont McKenna College in Claremont, Calif.

In The Student Life, the student newspaper for the Claremont Colleges, a consortium of five liberal art colleges and two graduate schools in Claremont, California, student Rochelle Lu writes about readjusting to her Shanghai home after spending a semester in the United States.

Read the full story here.

Cedarville University aims to ease transition for international students

FILE - A recent graduate wears a garment with their graduation year April 25, 2024, in Los Angeles.
FILE - A recent graduate wears a garment with their graduation year April 25, 2024, in Los Angeles.

Cedarville University in the U.S. state of Ohio says it’s got more than 140 international students representing 44 countries.

Here, the school interviews Jonathan Sutton, director of international student services. He talks about his job and the opportunities for international students on campus.

Read the full article here.

Morehouse College offers prospective students tips on applying and thriving

FILE - People enter the campus of Morehouse College, a historically black school, in Atlanta, Georgia, April 12, 2019.
FILE - People enter the campus of Morehouse College, a historically black school, in Atlanta, Georgia, April 12, 2019.

Morehouse College, a private, historically Black liberal arts college in the U.S. state of Georgia, offers a guide for international students interested in attending the school.

Among the tips to apply and thrive at Morehouse:

  • Take advantage of the school’s orientation program
  • Turn to the school’s Center for Academic Success for tutoring, support and more
  • Immerse yourself in campus life via clubs and societies

Read the full article here.

US reviews Columbia University contracts, grants over antisemitism allegations

FILE - A demonstrator waves a flag on the Columbia University campus at a pro-Palestinian protest encampment, in New York, April 29, 2024.
FILE - A demonstrator waves a flag on the Columbia University campus at a pro-Palestinian protest encampment, in New York, April 29, 2024.

The administration of President Donald Trump said on Monday it will review Columbia University's federal contracts and grants over allegations of antisemitism, which it says the educational institution has shown inaction in tackling.

Rights advocates note rising antisemitism, Islamophobia and anti-Arab bias since U.S. ally Israel's devastating military assault on Gaza began after Palestinian Hamas militants' deadly October 2023 attack.

The Justice Department said a month ago it formed a task force to fight antisemitism. The U.S. Departments of Health and Education and the General Services Administration jointly made the review announcement on Monday.

"The Federal Government's Task Force to Combat Anti-Semitism is considering Stop Work Orders for $51.4 million in contracts between Columbia University and the Federal Government," the joint statement said.

The agencies said no contracting actions had been taken yet.

"The task force will also conduct a comprehensive review of the more than $5 billion in federal grant commitments to Columbia University."

The agencies did not respond to requests for comment on whether there were similar reviews over allegations of Islamophobia and anti-Arab bias.

Columbia had no immediate comment. It previously said it made efforts to tackle antisemitism.

College protests

Trump has signed an executive order to combat antisemitism and pledged to deport non-citizen college students and others who took part in pro-Palestinian protests.

Columbia was at the center of college protests in which demonstrators demanded an end to U.S. support for Israel due to the humanitarian crisis caused by Israel's assault on Gaza. There were allegations of antisemitism and Islamophobia in protests and counter-protests.

During last summer's demonstrations around the country, classes were canceled, some university administrators resigned and student protesters were suspended and arrested.

While the intensity of protests has decreased in recent months, there were some demonstrations last week in New York after the expulsion of two students at Columbia University-affiliated Barnard College and after New York Governor Kathy Hochul ordered the removal of a Palestinian studies job listing at Hunter College.

A third student at Barnard College has since been expelled, this one related to the occupation of the Hamilton Hall building at Columbia last year.

Canada’s immigration overhaul signals global shift in student migration

Canada’s immigration overhaul signals global shift in student migration
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From Europe to North America, nations are tightening their immigration policies. Now Canada, long seen as one of the world's most welcoming nations, has introduced sweeping changes affecting international students. The reforms highlight a growing global trend toward more restrictive immigration policies. Arzouma Kompaore reports from Calgary.

Trump administration opens antisemitism inquiries at 5 colleges, including Columbia and Berkeley

FILE - Students walk past Sather Gate on the University of California at Berkeley campus in Berkeley, Calif., May 10, 2018.
FILE - Students walk past Sather Gate on the University of California at Berkeley campus in Berkeley, Calif., May 10, 2018.

The Trump administration is opening new investigations into allegations of antisemitism at five U.S. universities including Columbia and the University of California, Berkeley, the Education Department announced Monday.

It's part of President Donald Trump's promise to take a tougher stance against campus antisemitism and deal out harsher penalties than the Biden administration, which settled a flurry of cases with universities in its final weeks. It comes the same day the Justice Department announced a new task force to root out antisemitism on college campuses.

In an order signed last week, Trump called for aggressive action to fight anti-Jewish bias on campuses, including the deportation of foreign students who have participated in pro-Palestinian protests.

Along with Columbia and Berkeley, the department is now investigating the University of Minnesota, Northwestern University and Portland State University. The cases were opened using the department's power to launch its own civil rights reviews, unlike the majority of investigations, which stem from complaints.

Messages seeking comment were left with all five universities.
A statement from the Education Department criticized colleges for tolerating antisemitism after Hamas' Oct. 7, 2023, attack on Israel and a wave of pro-Palestinian protests that followed. It also criticized the Biden administration for negotiating "toothless" resolutions that failed to hold schools accountable.

"Today, the Department is putting universities, colleges, and K-12 schools on notice: this administration will not tolerate continued institutional indifference to the wellbeing of Jewish students on American campuses," said Craig Trainor, the agency's acting assistant secretary for civil rights.

The department didn't provide details about the inquiries or how it decided which schools are being targeted. Presidents of Columbia and Northwestern were among those called to testify on Capitol Hill last year as Republicans sought accountability for allegations of antisemitism. The hearings contributed to the resignation of multiple university presidents, including Columbia's Minouche Shafik.

An October report from House Republicans accused Columbia of failing to punish pro-Palestinian students who took over a campus building, and it called Northwestern's negotiations with student protesters a "stunning capitulation."

House Republicans applauded the new investigations. Representative Tim Walberg, chair of the Education and Workforce Committee, said he was "glad that we finally have an administration who is taking action to protect Jewish students."

Trump's order also calls for a full review of antisemitism complaints filed with the Education Department since Oct. 7, 2023, including pending and resolved cases from the Biden administration. It encourages the Justice Department to take action to enforce civil rights laws.

Last week's order drew backlash from civil rights groups who said it violated First Amendment rights that protect political speech.

The new task force announced Monday includes the Justice and Education departments along with Health and Human Services.

"The Department takes seriously our responsibility to eradicate this hatred wherever it is found," said Leo Terrell, assistant attorney general for civil rights. "The Task Force to Combat Anti-Semitism is the first step in giving life to President Trump's renewed commitment to ending anti-Semitism in our schools."

STEM, business top subjects for international students

FILE - The Cathedral of Learning on the University of Pittsburgh campus on Sept. 12, 2024.
FILE - The Cathedral of Learning on the University of Pittsburgh campus on Sept. 12, 2024.

The Times of India breaks down the most popular subjects for international students to study in the U.S.

STEM and business lead the pack. Read the full story here. (January 2025)

Safety and visa difficulties among misconceptions about US colleges

FILE - A person walks near buildings, Dec. 17, 2024, on the campus of Massachusetts Institute of Technology in Cambridge, Mass.
FILE - A person walks near buildings, Dec. 17, 2024, on the campus of Massachusetts Institute of Technology in Cambridge, Mass.

U.S. News & World report addresses some of the misconceptions about U.S. colleges and universities, including the difficulty of getting a visa.

Read the full story here. (January 2025)

Work opportunities help draw international students to US schools

FILE - Students cross the campus of Dartmouth College, March 5, 2024, in Hanover, NH.
FILE - Students cross the campus of Dartmouth College, March 5, 2024, in Hanover, NH.

US News & World Report details the three top factors in foreign students' decision to study in the U.S. They include research opportunities and the reputation of U.S. degrees. Read the full story here. (December 2024)

British student talks about her culture shock in Ohio

FILE - Spectators look at the solar eclipse through protective eyewear on the football field at Bowling Green State University on April 8, 2023, in Bowling Green, Ohio.
FILE - Spectators look at the solar eclipse through protective eyewear on the football field at Bowling Green State University on April 8, 2023, in Bowling Green, Ohio.

A British student who did a year abroad at Bowling Green State University in Ohio talks about adjusting to life in America in a TikTok video, Newsweek magazine reports.

Among the biggest surprises? Portion sizes, jaywalking laws and dorm room beds.

Read the full story here. (December 2024)

Harvard's Chan School tells international students what to expect

FILE - People walk between buildings, Dec. 17, 2024, on the campus of Harvard University in Cambridge, Mass.
FILE - People walk between buildings, Dec. 17, 2024, on the campus of Harvard University in Cambridge, Mass.

Harvard's T.H. Chan School of Public Health reaches out to international students by detailing the international student experience at the school.

Learn more about housing, life in Boston and more here.

China unveils plan to build 'strong education nation' by 2035

FILE - Students line up for their first day of China's national college entrance examinations, known as the gaokao, in Beijing, June 7, 2023.
FILE - Students line up for their first day of China's national college entrance examinations, known as the gaokao, in Beijing, June 7, 2023.

China issued its first national action plan to build a "strong education nation" by 2035, which it said would help coordinate its education development, improve efficiencies in innovation and build a "strong country."

The plan, issued Sunday by the Communist Party's central committee and the State Council, aims to establish a "high quality education system" with accessibility and quality "among the best in the world."

The announcement was made after data on Friday showed China's population fell for a third consecutive year in 2024, with the number of deaths outpacing a slight increase in births, and experts cautioning that the downturn will worsen in the coming years.

High childcare and education costs have been a key factor for many young Chinese opting out of having children, at a time when many face uncertainty over their job prospects amid sluggish economic growth.

"By 2035, an education power will be built," the official Xinhua news agency said, adding that China would explore gradually expanding the scope of free education, increase "high-quality" undergraduate enrolment, expand postgraduate education, and raise the proportion of doctoral students.

The plan aims to promote "healthy growth and all-round development of students," making sure primary and secondary school students have at least two hours of physical activity daily, to effectively control the myopia, or nearsightedness, and obesity rates.

"Popularizing" mental health education and establishing a national student mental health monitoring and early warning system would also be implemented, it said.

It also aims to narrow the gap between urban and rural areas to improve the operating conditions of small-scale rural schools and improve the care system for children with disabilities and those belonging to agricultural migrant populations.

The plan also aims to steadily increase the supply of kindergarten places and the accessibility of preschool education.

A look at financial aid options for international graduate students in US

FILE - People walk between buildings, Dec. 17, 2024, on the campus of Harvard University in Cambridge, Mass.
FILE - People walk between buildings, Dec. 17, 2024, on the campus of Harvard University in Cambridge, Mass.

The Open Notebook, a site focusing on educating journalists who cover science, has complied a list of U.S. graduate program financial aid information for international students.

Read it here.

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