Archive for the ‘College’ Category

If you’re stressed out by your grade, just change it … say, what?

August 10, 2017

Here’s one from the “great moments in higher education” file.

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According to Inside Higher Education

Rick Watson — a business professor at the University of Georgia’s Terry School of Business — included a “stress-reduction policy” in his course syllabus. syllabus

Under the policy, students could change their grades if they felt “unduly stressed” by the one they received, and leave group work at any time, without any explanation, if they felt stressed by the situation.

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Here is the complete stress-reduction policy ….

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WP: Conservatives give better commencement speeches …

March 17, 2016

It’s that time of the year when university officials are picking commencement speakers.

Perhaps they should heed to words of the Washington Post: Conservatives give better commencement addresses than liberals.

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Drawing on a sample of 48 speeches — 30 by conservatives, 18 by liberals — the Post concludes that the right-leaning speakers stand out for five reasons …

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What do colleges have in common with Kohl’s?

November 10, 2015

I oft say that anybody who pays sticker price at Kohl’s should look over their shoulder to make sure that Darwin isn’t chasing them.

Maybe the same should be said of parents who pay list price tuition to fund their kiddies through college.

Lots of talk re: how college costs are soaring.

According to the WSJ

Published tuition rates have soared in the last decade, but only a small percentage of families actually pays full freight.

Between grants to needy students and merit scholarships to entice other desirable candidates, schools these days are giving back nearly 50% of gross tuition revenue in the form of aid and awards.

In other words, list prices are going up, but more stuff is being sold at sale prices.

 

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Increasingly, colleges are using pricing methods previously the domain of airlines and discount retailers …

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College: Nobody pays retail anymore …

October 14, 2015

Lots of talk these days re: skyrocketing college tuition prices.

That’s certainly true of list prices, but these prices are becoming more and more like new car sticker prices – maybe even worse.

According to the latest annual studies done by NACUBO (National Association of College and University Business Officers), approximately 89 % of first-time, full-time freshmen at institutions surveyed received institutional grant aid.

English translation: in most cases, “institutional grant aid” is simply a discount from the tuition’s list price.

And, the discounts aren’t trivial amounts … they are approaching 50%.

Think, half-off sales at Kohl’s

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So, who is paying retail any more?

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Georgetown: A bunch of pretty faces (and much more) …

October 9, 2015

No, it’s not your imagination if, when strolling around the Georgetown campus, you find yourself saying to yourself:

“Holy smokes, there are a lot of good looking  students walking around this place.”

It’s certifiably true: Niche.com – a trendy college selection site – scores Georgetown an A+ for “Most Attractive – Girls & Guys”

 

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But, good looks are just part of the story.

Niche gives Georgetown an overall A+.

Here’s the drill down on the factor scores that underlie Georgetown’s well-deserved overall A+ ….

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WP: Conservatives give better commencement speeches …

May 20, 2015

According to the Washington Post: Conservatives give better commencement addresses than liberals.

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Drawing on a sample of 48 speeches — 30 by conservatives, 18 by liberals — the Post concludes that the right-leaning speakers stand out for five reasons …

(more…)

What do colleges have in common with Kohl’s?

February 2, 2015

I oft say that anybody who pays sticker price at Kohl’s should look over their shoulder to make sure that Darwin isn’t chasing them.

Maybe the same should be said of parents who pay list price tuition to fund their kiddies through college.

Lots of talk re: how college costs are soaring.

According to the WSJ

Published tuition rates have soared in the last decade, but only a small percentage of families actually pays full freight.

Between grants to needy students and merit scholarships to entice other desirable candidates, schools these days are giving back nearly 50% of gross tuition revenue in the form of aid and awards.

In other words, list prices are going up, but more stuff is being sold at sale prices.

 

image

 

Increasingly, colleges are using pricing methods previously the domain of airlines and discount retailers …

(more…)

Another look: Is a college degree is worth it?

November 5, 2014

Lots has been written recently re: the economic value of a college degree.

Let’s boil it down to 3 key charts …

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First, the cost side of the equation …

Sky-rocketing tuitions are loading students with an enormous amount of post-graduation debt.

While other forms of consumer debt have held relatively constant for the past 10 years, student loans have soared from “only” $200 million in 2004 to over $1 trillion today.

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That’s the cost.

What about the benefits side?

(more…)

What do colleges have in common with Kohl’s?

October 14, 2014

I oft say that anybody who pays sticker price at Kohl’s should look over their shoulder to make sure that Darwin isn’t chasing them.

Maybe the same should be said of parents who pay list price tuition to fund their kiddies through college.

Lots of talk re: how college costs are soaring.

According to the WSJ

Published tuition rates have soared in the last decade, but only a small percentage of families actually pays full freight.

Between grants to needy students and merit scholarships to entice other desirable candidates, schools these days are giving back nearly 50% of gross tuition revenue in the form of aid and awards.

In other words, list prices are going up, but more stuff is being sold at sale prices.

 

image

 

Increasingly, colleges are using pricing methods previously the domain of airlines and discount retailers …

(more…)

Maybe, the best college essay ever written …

August 12, 2014

Too bad it was written after-the-fact.  After the rejections.

The WSJ published an op-ed by a HS senior: To (All) the Colleges That Rejected Me

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It’s worth reading … says the things that most of us are probably thinking.

Here are some highlights:

(more…)

Another look: Is a college degree is worth it?

June 3, 2014

Lots has been written recently re: the economic value of a college degree.

Let’s boil it down to 3 key charts …

======

First, the cost side of the equation …

Sky-rocketing tuitions are loading students with an enormous amount of post-graduation debt.

While other forms of consumer debt have held relatively constant for the past 10 years, student loans have soared from “only” $200 million in 2004 to over $1 trillion today.

image

That’s the cost.

What about the benefits side?

(more…)

What do colleges have in common with Kohl’s?

October 14, 2013

I oft say that anybody who pays sticker price at Kohl’s should look over their shoulder to make sure that Darwin isn’t chasing them.

Maybe the same should be said of parents who pay list price tuition to fund their kiddies through college.

Lots of talk re: how college costs are soaring.

According to the WSJ

Published tuition rates have soared in the last decade, but only a small percentage of families actually pays full freight.

Between grants to needy students and merit scholarships to entice other desirable candidates, schools these days are giving back nearly 50% of gross tuition revenue in the form of aid and awards.

In other words, list prices are going up, but more stuff is being sold at sale prices.

 

image

 

Increasingly, colleges are using pricing methods previously the domain of airlines and discount retailers …

(more…)

Naked Bears: The value of a college education …

September 30, 2013

From the “you can’t make this stuff up” file …

There has been a lot of chatter recently re: the value of a college education …  tuitions are up, high paying job are scarce, “adult-children” hang on their parents’ health insurance policies until they’re 26, some move back in with mom and dad.

In these uncertain times, how are college students responding? 

 

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Here’s one answer …

Dateline Providence. R.I.: Brown University Students To Host Nudity Week

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Bored at work? Here’s why …

May 14, 2013

Interesting tidbit in a Business Week article What’s Wrong With the U.S. Job Market?

Punch line: the “cognitive content” of tasks performed by employed college graduates peaked in 2000, has dropped fairly steadily since, and is approach all-time lows.

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Here’s more …

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Gotcha: Schools copying airlines’ nickel & diming …

April 3, 2013

In recent years, airlines nave become masters at “unbundled pricing” … offering a low base fare and then charging more for bags, heavy bags, priority boarding,window seats, bad sandwiches, soft drinks, blankets and, of course, reservation changes.

According to CNN: Baggage fees alone generate more than $3.3 billion each year, and fees for reservation changes add almost $2.5 billion.

Annoying, for sure … but also a good source of revenue.

According to watchdog group ProPublica, colleges are starting to adopt the airlines’ pricing playbook.

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Specifically, ProPublica says that student fees have become a kind of “stealth, second tuition imposed on unsuspecting families.”

And though their names can border on the comical — i.e., the “student success fee” — there’s nothing funny about how they can add up.

Such fees are on the rise on many campuses.

Here are some specifics:

(more…)

Maybe, the best college essay ever written …

April 1, 2013

Too bad it was written after-the-fact.  After the rejections.

The WSJ published an op-ed by a HS senior: To (All) the Colleges That Rejected Me

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It’s worth reading … says the things that most of us are probably thinking.

Here are some highlights:

(more…)

Uh-oh: College enrollments (and tuition revenues) declining …

January 22, 2013

According to the NY Times,  a growing number of colleges and universities are facing declining enrollment … and less revenue from tuition.

CollegeProtest

Here are some facts …

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Which college majors pay the most?

December 24, 2012

In a prior post Nums: Stay in school !   we showed that the unemployment rate for college grads is only about 4% … way below the national average … and well below the rate for other education levels.

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But, how well do those college degreed jobs pay?

And, more specifically, which undergrad majors pay the most?

(more…)

Business Insider: “Programs such as Georgetown’s School of Business are the best type of programs."

November 16, 2012

MSB gets a well deserved shout out from Business Insider

Punch line:

” …  programs such as Georgetown’s School of Business are the best type of programs.”

 

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How does the unemployment rate impact starting salaries?

August 29, 2012

Answer: Starting salaries tend to drop & to 8 percentage points for each percentage point increase in the unemployment rate … and it can take up to 15 years to get back to “normal” levels.

Lisa Kahn, a Yale School of Management economist analyzed government data  during and after the deep 1980s recession.

She  found that for each percentage-point increase in the unemployment rate, those with the misfortune to graduate during the recession earned 7% to 8% less in their first year out than comparable workers who graduated in better times.

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The effect persisted over many years, with recession-era grads earning 4% to 5% less by their 12th year out of college, and 2% less by their 18th year out.

For example, a man who graduated in December 1982 when unemployment was at 10.8% made, on average, 23% less his first year out of college and 6.6% less 18 years out than one who graduated in May 1981 when the unemployment rate was 7.5%.

For a typical worker, that would mean earning $100,000 less over the 18-year period.

Source

Takeaway: High unemployment rates isn’t just somebody else’s problem …

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Obama warns colleges … yeah, right.

January 27, 2012

During the SOTU address Pres. Obama warned colleges and universities that they risk losing federal funding if they do not keep tuition costs down.

Hmmm.

Loyal HomeFilers know that we rail often on the indefensibly high tuitions colleges are charging.

For example, see one of our all time favorite posts:
What do b-school profs and Lady Gaga have in common? 

Many pundits are predicting that high-priced colleges will be the next bubble to burst. Students (or their parents, or their companies) have been paying an increasing amount of money to get a decreasing amount of relevant learning. That’s not a good formula.

Government subsidies, student loans and “full fare” foreign students keep pushing tuitions up to levels required to support lavish facilities, expansive athletic programs, outdated delivery methods (think classrooms vs. online), and light teaching loads for faculty journalists.

Let’s see if Obama follows through on his threat … and see if it has an impact.

I’m betting under on both counts.

Universities are hot beds of liberal thinking.

No way Obama puts them in his cross hairs.

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Average real earnings are declining for college grads … but quant jocks still getting fat paychecks.

November 14, 2011

College grads’ average real earnings have declined almost 20% in the past decade.

But, there are some college grads still ringing the cash register.

According to PayScale.com:

If you’re determined to find a job that pays top dollar, you’d be wise to study math and science.

Lucrative careers exist for the history, English and foreign language majors out there, too, but they’re harder to find.

But, all’s not rosy … browse the bottom rungs, too.

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The top of the list

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The bottom of the list

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College grads: low unemployment, but declining earnings …

November 11, 2011

Earlier this week, we posted that only 4.5% of college grads are unemployed … a lot lower percentage than you’d think given the coverage of the Wall Street Occupiers.

There is a flipside, though.

Mean real earnings for college grads have fallen by almost 20% over the past decade … reflecting salary caps at many companies and a re-mixing towards lower paying jobs.

Suggests that the ROI on college is going down, down, down

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Source

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What’s the unemployment rate for college graduates?

November 9, 2011

Based on the Wall Street Occupiers and the mainstream media reports, you’d think it’s sky high, right?

Well, according according to the BLS it’s 4.5%.  … that’s versus 9.1% for all categories, 14.3% for drop-outs, 9.3% for high school grads, and 8.9% for those with some college.

Hmmm.

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The cost of college …

November 1, 2011

Given the uproar from the Occupiers and Campaigner-in-Chief, I got curious about the facts re: college tuitions.

According to the College Board. here’s what it really costs to attend college:

  • Public two-year colleges charge, on average, $2,713 per year in tuition and fees.
  • Public four-year colleges charge, on average, $7,605 per year in tuition and fees for in-state students.
  • Public four-year colleges charge, on average, $19,595 per year in tuition and fees for out-of-state students.
  • Private nonprofit four-year colleges charge, on average, $27,293 per year in tuition and fees.

The College Board adds: “Keep in mind that — due to grants and other forms of financial aid — the actual price the average undergraduate pays for a college education is considerably lower than the published tuition and fees.”

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For the record, Georgetown University charges undergrads $40,920 per year in tuition … and about $10,000 in room, board and miscellaneous charges … MBAs pay a couple of bucks short of $50,000 — just for tuition.

Ouch !

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