Chart: New York Federal Reserve Commodity Price Change Expectations, July 2021

Cost of College Continues to Outpace Consumer Price Inflation

According to the New York Federal Reserve Bank’s Survey of Consumer Expectations, since January 2021, respondents consistently predict rising college education expenses in the coming 12 months: 5.6% increase in January 2021, rising to a 6.1% increase in May 2021, and most recently in July 2021, even higher at a 7.5% rise. Whereas, just a year ago in July 2020,…

Continue Reading

Building healthy money habits

Guest Post: 3 Easy steps to building healthy money habits with your children!

Although intended for families with younger children, Jessica Weaver’s advice to help kids become financially literate applies to teenagers as well. Inherent to financial literacy is defining one’s values, which is an essential tool for teens and families reduce the risk of college malinvestment. The other day I was squeezing in some work while sitting with my daughter, Andie! She…

Continue Reading

Gen Z: The Young and Increasingly Disaffected

As of First Quarter 2021, 3.8 million 20-24 year olds are not in school nor employed, 740,000 more young adults adrift than in First Quarter 2020. While wondering, “Where are they?”, more disturbing to consider is, “What are the long term consequences of a delayed entry into adulthood?”  First, dismay may be transforming into disaffection. The current generation of 20-24…

Continue Reading

GIFF: Spongebob Prepare to Be written

College applicants take note: life’s a journey not a destination

College essays are not an assignment to “get done.”   College essays are not defined by the word count or format. College essays are not a resume-like listing of a young person’s achievements, hoping the admissions evaluator intuits their potential thus grants admissions. College essays are not bounded by the (mis)interpretation of a prompt.  College essays are not prose-like panderings to…

Continue Reading

Chart of Labor Market Outcomes of College Graduates by Major (May 21, 2021)

Too Many People with The Same Good Idea

New college grads, those aged 22-27, who studied computer science, are just as likely to be unemployed as those who studied the fine arts, according to the latest New York Federal Reserve analysis.  The irony.  Most families expect that any studies remotely related to technology translates to unequivocal and continuous employment throughout one’s lifetime. Conversely, both parents and students often…

Continue Reading

See, Speak, Hear no evil monkeys

Beware of Admissions CON-sultants Hiding in Your Midst

Amidst the rise of the academic meritocracy, as increasing numbers of students qualify for then apply to college, selectivity for admissions annually increases, yet high school counseling staff has been inadequate for the demand, thus many families seek the help of private admissions consultants. But, in the Era of Educational Experts, when qualifications and motivations to help families range widely,…

Continue Reading

The Death of Ignorance

Is the College Landscape Experiencing a Tectonic Shift Post Pandemic?

The effects of the COVID-induced disruptions to education have yet to be quantified in the intermediate and long term, thus educators struggling to redefine “normal” learning for years to come, as an entire COVID-affected generation, Pre-K through College, matriculates through the educational system. Additionally, the SAT, an 80 year old admissions requirement, is being summarily dismissed and subsequently, questioned. Students…

Continue Reading

Grads(lg).CMC2015

Challenging Employment Prospects for Class of 2021 Grads

Class of 2020 and 2021 college grads, anxious to shop their abilities amongst employers, will confront a complex labor market post the 2020 COVID-influenced economic meltdown.   As Class of 2021 graduates emerge from the chrysalis of college, seeking entry into the professional class, they may instead queue up behind the 45% of their Class of 2020 peers who are still…

Continue Reading

Chart: The Rising Cost of College in the U.S.

Consider College Value to Avoid Malinvestment

According to famed investor and one of the world’s wealthiest men, Warren Buffet, “Price is what you pay and value is what you get.” And, given that the total price for college continues to rise at a rate greater than consumer price inflation, and families have already invested considerable capital as well as effort to prepare for college, it would…

Continue Reading

Has the college admissions bubble finally popped?

The law of supply and demand dictates that when prices rise, demand shrinks. Yet, demand for college education post-WWII seems to be inelastic (meaning that demand does not seem to react to increases in price), has only increased, despite the four-digit increase in tuition and costs that has been leveraged to the tune of $1.7 trillion in student loan debt…

Continue Reading

Highly Selective Indeed

Throughout the Ivy League, possibly emboldened by test-optional admissions policies being one less barrier to entry, Fall 2021 applicants increased by double digits, adding subjectivity to the admission evaluation process and dropping admit rates year over year, some to record lows at Harvard, Columbia, Princeton, University of Pennsylvania.  Ivy League admit rates for the Classes of 2025: Harvard, 3.4% Columbia,…

Continue Reading

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…

Continue Reading

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…

Continue Reading

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),…

Continue Reading

Chart: The Rising Cost of College in the U.S.

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…

Continue Reading