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…
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…
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…
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…
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…
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…
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…
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…
In just the last 13 weeks, more than double the 25 million jobs created in the last decade have been lost. With the total supply of jobs not in equilibrium to demand, a job shortage exists, so anyone searching for a job will be competing more than at any time in the last decade against…
The current generation of high school students are preparing for college admissions at a time of annually increasing college costs and significant university fiscal deficits, which could diminish the quality of education for all students. In addition, current high school students will join an already inflated number of college grads competing for jobs in a…
Another characterization of a college education, that might give students and parents pause to reflect on why they want to attend college is as follows: There is an amazing opportunity just waiting for you, and you can get in on the ground floor for only $120,000. If you act now, you will be virtually guaranteed…
Currently, students at 25 different universities are suing for fees and tuition refunds. Students’ sentiments can generally be summized in the language of the Cornell students’ lawsuit: Students have been deprived of the opportunity for collaborative learning and in-person dialogue, feedback, and critique. The remote learning options are in no way the equivalent of the…
On May 11, administrators at Northwestern University, a 169 year old institution, ranked #9 National University according to US News & World Report with a $10.8 Billion endowment fund, announced expense reductions, including: furloughing 250 staff, halting hiring, suspending contributions to pensions, as well as cutting salaries for university administrators. For the second year in…
In 2019, average state funding per full time college student was still lower than the 2009 levels, the beginning of The Great Financial Crisis. Given projected reductions in state revenues for 2020, higher education leaders will likely again experience reductions in state subsidies starting this fall, as we discussed earlier. Students would be wise to…
Amidst the COVID-19 health crisis disrupting educational and instructional continuity, students, parents, and educators are asking and being asked questions about the current educational process, which is also spurring discussions about the value of education. The following is a selection of education-related news stories from the past few weeks, offering insights about the shifts…
