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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
Students and their parents worry, as is often the case in this springtime of year, about who will be admitted and/or rejected at what college, believing that the outcome of a meritocratic, formulaic decision making process that defines winners (those accepted) and losers (those denied) is the final arbiter of who succeeds in life and…
In spring when high school juniors begin devising their lists of colleges in preparation for fall applications, panic can quickly arise, when asked the typical first question, “What do you want to study in college?” which to a teenager translates to: “I must choose a career, right now at seventeenish years old, sign my name…
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…
Like everything else in our COVID-colored reality, Fall 2021 college admissions decisions will be historic. Let’s review how: Two-thirds of all US universities and colleges are not requiring SAT or ACT scores as part of applications, and some are not considering the SAT or ACT scores at all, implementing what’s known as “test-blind” admissions, for…
