Tag: The Golden Ticket

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Why risk malinvestment in college?

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 …

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Delayed Economic Vitality

As the Class of 2020 commences, into what economic state do they commence? As reported by Courtney Weaver in the Financial Times on May 28, 2020: With US unemployment at its highest level since the second world war and the country still grappling with the economic fallout of coronavirus, university graduates are watching start dates …

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Understanding “Why College?” Is More Important Than Ever

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 …

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The value of a college education

In my recent conversation with Ron Kroichick of the San Francisco Chronicle, I discussed the changes to the college admissions process starting in Fall 2021, as well as sentiment about the value of a college education. Although colleges are non-profit organizations, which in the collective culture are imagined to be altruistic endeavors where the potential …

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Advanced Placement (AP) Outrage

In a recent interview with Gabrielle Wanneh of Education Week, I discussed my Open Letter to The College Board about the 2020 Advanced Placement (AP) Exams. In my piece, I specifically highlighted the issues about the integrity of the the modified, online format, which as of Monday, May 11, thousands of students have begun taking: …

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A prosperous evolution

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Awoken at 6:46 am on the Saturday after the 4th of July, through groggy consciousness, I registered the staccato sounds of a teenage texter. I recalled that The College Board released the 2019 AP (Advanced Placement) Exam scores (at least in California) on that fine morning. His texts were the first of many I received …

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“I feel a change coming on…”

University enrollment has annually grown, despite four digit percent increases in the costs of college over the last three decades, seemingly making an inelastic demand for college eduation. Yet, for the 2020-21 school year, for the first time, there may be a a shift in the supply/demand equation given the changes in the recruitment for …

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Middle Class Wealth Erosion Set to Continue

The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be …

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Ahead of the Curve: Week of April 27, 2020

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 …

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A Glimpse Into the Undergraduate Experience during COVID-19 Signals Declining Sentiment about the Value of a College Education

A student who attends a public flagship university in California characterizes distance learning as:  Chaos is an apt description. Zoom is challenging to manage and pre-recorded lectures lack humor. It’s difficult to focus on lectures…  Third year undergraduate The student, like many others, struggles to continue learning, conflicted about missing friends and her life in …

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Opportunity amidst upheaval

The continued COVID-19 health crisis, and its impacts both economically and socially may have wide-ranging consequences for colleges throughout the United States. Families confronted by an array of changing circumstances are recalibrating their educational decision making processes, especially for high school seniors choosing between multiple colleges or deferring enrollment, as well as continuing college students …

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Test-Optional Confusion

Cornell University admissions officers will not require that Fall 2021 first year applicants submit SAT or ACT scores as part of their applications. Cornell’s policy change applies only for the Fall 2021 application cycle, so underclassmen in the Class of 2022 and younger will once again be required to submit SAT or ACT scores. Yet, …

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Fiscal Reckoning Dead Ahead

The $14 Billion bailout for U.S. colleges and universities as part of the recent CARES Act will not solve the widening financial deficits in higher education. Costs to maintain buildings and the physical grounds, despite the lack of students present on campus, as well as salaries to faculty and staff must still be paid. Additionally, …

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Managing a return to normal in the time of COVID-19

Emerging from “shelter-in-place” is not as simple are reopening school and college campuses, and welcoming students back into the buildings. The on-going health risks of subsequent outbreaks of COVID-19 absent a proven treatment or vaccine, along with the convoluted governmental structure to protect public health, creates complexity for students and parents trying to plan for …

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More Economic Difficulties for Gen Z and Millennials

Graph courtesy of The Wall Street Journal Current college students, many who find themselves at home though would rather be finishing their school year on college campuses around the country, will be confronting along with their older colleagues who graduated college in 2019, 2018, a possibly more complicated problem that of protracted unemployment. In addition, …