SlowDown.CreativeMarbles2012

How do I choose a college when I can’t visit the campus?

Although its difficult in the age of COVID to visit campuses, in no way should that diminish one’s effort to gain as much information as possible to make an effective decision when choosing a college from those which you’ve been admitted to diminish the risk of malinvestment.  Admitted students should use every virtual resource available from attending the special admitted…

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major_vs_career(lg).CMC/HC2014

College Isn’t a Cure-All

Tomas Chamorro-Premuzic and Becky Frankiewicz writing for the Harvard Business Review (HBR) tackled the topic of higher education and full employment leaving out, for now, the idea of a lasting peace of mind. Of course, although there may be a multi-decade correlation between a college degree and three or less careers in one’s lifetime, equaling financial security, or as we…

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Careful Consideration of College Selection to Compensate for Costs Incurred

To be ready to choose a college, I liberally estimate that a 17 year old high school senior has: Spent approximately 12,760 hours attending school since Pre-K,  Completed an estimated 2,376 hours of homework just during four years high school (assuming an average of three hours of homework on school days and six hours per weekend during the school year),…

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Paying for College: Risk Versus Reward

The 1200% increase in college tuition over the last four decades, outpacing inflation by nearly 1000%, is Reason Number One parents often anxiously ask me about how their kid can apply for scholarships. As the conversation unfolds, many often also reveal having saved some for their children’s college expenses, though the amount is woefully inadequate, and are now looking for…

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Knowledge seekers never graduate

To learn effectively is to practice humility, to admit how little we know, and recognizing the cost of remaining ignorant is the antidote to pride and the beginning of the journey of discovery, fueled by curiosity which results in the acquisition of knowledge which applied in a continuous collaboration with others who are willing, results in resilience needed to navigate…

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College Grads Confronted by Diminished Employment Prospects

Many soon-to-be college graduates—in a time of economic upheaval and pandemic induced doubt—fatalistic and full of dread can relate to the most recent college student-produced meme.   Currently, unemployment and underemployment of new college grads is increasing, and gateways to employment like internships and other extracurricular activities are drying up or are suspended at closed or severely-restricted campuses resulting in fewer…

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Beware of unmet expectations

The root cause of the financial crisis was purely human factor. This human factor is the completely false sense of omnipotence, self-importance and entitlement among the country’s elite, as well as the nurturing of these beliefs at Ivy League colleges and other elite universities the US will be doomed to suffer other calamities every bit the equal of the financial…

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College Tuition Increase = College Value Decrease?

For many higher education institutions, like the University of California (UC), the fiscal losses are growing as the health emergency extends, precipitating the need for a tuition increase. As reported in a December 12 Los Angeles Times article:  Systemwide, UC took a $2.7-billion financial hit between March and October — about 6.5% of its $41.6-billion operating budget, mainly from lost…

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College Tuition Discounts To Continue

Private universities discounted tuition in the form of merit scholarships and grants nearly 50% on average in the 2019-20 school year. Furthermore, tuition discounts for the 2020-21 school are forecasted to be 52.6% for full time, first year students, according to data from National Association of College and University Business Officers (NACUBO). And, in the current COVID-induced disruption of higher…

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Buyer’s Market Anyone?

According to the US Department of Labor statistics, the August 2020 College Tuition CPI dropped 0.7% from the month prior, the largest monthly drop since 1978.   College tuition CPI includes: …annual consumer expenditures for undergraduate and post-graduate studies at 2-year colleges, 4-year colleges, universities, and professional schools (law, dental, medical, etc.)…throughout the United States [minus discounts for scholarships and grants,…

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The Shrinking Middle Class, Part 6

The middle class, and those aspiring to the middle class, families are incurring ever increasing amounts of debt to pay for consistently rising costs of attending college which many believe essential to achieve economic prosperity.  Subsequently, to compensate for stagnating academic achievement in order to compete for college admissions, middle class parents are spending on education related experiences, more commonly…

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Confidence Slipping, Mind the Gap

Consumer confidence on Main Street, as measured by the Conference Board, is waning, dipping lower than levels at the height of the shelter-in-place orders in April, in direct opposition to the rapidly improving confidence of Wall Street from the lows in Spring 2020. And, yet, that same Wall Street confidence only constitutes 10% of Americans who own 87% of the…

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The Shrinking American Middle Class, Part 5

Caption: Jen Grantham/Getty Images/iStockphoto Although the causes behind the shrinking of the American middle class are complicated, the interdependent, economic relationship with the modern American educational industrial complex is not in doubt.  As academic achievements plateau at the average, middle class families are spending more funds to supplement educational experiences, like extracurricular activities. Additionally, greater middle class wealth is spent…

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