Submitted by Ry Rivard on December 12, 2013 - 3:00am
Haverford College officials are backing away from a pledge to ensure no students are forced to borrow money to attend the private liberal arts college.
College administrators told students this week they are looking to do away with their six-year-old “no loan” pledge to some students – mostly its students from upper middle class households. The new plan still has significant protections for needy families in lower income brackets: Families making less than $60,000 will still not have to take out loans and no family should have to borrow more than $12,000 over four-years, which is far less debt than the average debt-bearing student. (The median family income in the United States is about $51,000.)
The plan still needs the approval by the college's board, which could modify or reject the proposal by college administrators. But Haverford seems ready to join the likes of Dartmouth and Williams Colleges, which all tried no loan programs but then abandoned them following the recession. The market blew a hole in many university endowment funds, which colleges draw on to provide financial aid.
There has been an increase in aid spending at Haverford -- which awards aid based solely on need -- but the no loan program is not entirely to blame, according to a presentation by college officials posted online by a Haverford student newspaper. Haverford spent $16.9 in financial aid in 2009 and over $23 million in 2013 – an increase of about $6.6 million per year. The no loan program cost about $1.9 million this year.
Jess Lord, the dean of admissions and financial aid, said the college has been seeking "equilibrium" between access and affordability and long-term sustainability.
“The truth is that we’ve been having conversations about the long-term sustainability of the financial model since 2008, since the economy took the turn that it took in 2008,” Lord said in a telephone interview Wednesday night.
The proposal to scale back the no loan program to only cover the lowest income families will save the college about $800,000 a year. For the Haverford class of 2012, which entered the college before the no loan program took effect, the average four-year debt burden was about $14,000. Nationally, the average debt burden for the class of 2012 is $29,000.
Colleges with no loan programs calculate a family's assets and use a formula to determine what they can afford to pay. The college picks up the difference between what a family can pay out of its own pocket or with scholarships and the college's price -- a gap that would either force families to borrow or send their students somewhere else. Tuition, fees and room and board at Haverford are priced at $59,000 a year.
Using commission-based agents in international recruitment has gone from unmentionable to mainstream. At 5th annual conference, a group formed to bring standards to the practice reflects on where it has been and where it's going.
Submitted by Paul Fain on December 5, 2013 - 3:00am
Next month the GED Testing Service will launch a revamped version of the GED, which will be fully computerized and more expensive and include the assessment of college readiness. This week the testing service, which is owned jointly by Pearson and the American Council on Education, rolled out the test's new website. It includes a registration portal, study guides and information about applying for college, as well as other resources.
A national poll of four-year college students has found that they are more likely to blame colleges than other institutions for the rising levels of student debt. The poll, by the Harvard University Institute of Politics, found that 68 percent of those polled viewed student debt for young people as a major problem, while 21 percent viewed it as a minor problem. Asked who was "most responsible" for rising levels of student debt, students cited the following:
Northwestern University is today announcing a new effort to help prepare more students in the Chicago public schools to enroll at Northwestern or other competitive colleges, The Chicago Tribune reported. Fifty high school freshmen a year -- from the city's regular high schools -- will be selected for a special academy in which they will receive year-round tutoring, college counseling and test prep. All costs will be paid by Northwestern. Currently about 75 of Northwestern's 2,000 freshmen come from the Chicago schools. That's up from 28 five years ago, but university officials want to see significant growth in that figure.
At least a quarter of the gap in college participation rates between lower and middle class students and upper class students in Australia, Britain and the United States cannot be explained by academic achievement, according to new research released by the Sutton Trust, a British think tank. The study looked at the academic preparation and enrollment patterns in different countries, with an emphasis on trying to be sure that the better success levels of wealthier students in enrolling in higher education can't be attributed only to their better preparation. And the study said that it can't be. The study was conducted by John Jerrim of the Institute of Education at the University of London.
He found that in the United States, children of professionals are 3.3 times more likely to go to leading public universities than are working class children, and that about 40 percent of the difference cannot be explained by differences in academic achievement. At top private universities, he said, the gap is even larger, and 52 percent of the difference cannot be explained by academic achievement.
Is New Jersey Governor Chris Christie flip-flopping on a bill that would allow undocumented students in New Jersey to receive in-state tuition? The New York Times reported that Governor Christie pledged support for the idea during his recent, successful re-election campaign in which he portrayed himself as a Republican who could do well with groups (such as Latino voters) that have not been supporting the GOP lately. But with a bill to offer these students in-state rates about to reach him, Governor Christie has talked about it being "unsignable" because it would cover immigrant students at New Jersey boarding schools. It is not clear that there are many such students, but some advocates for immigrant students are accusing the governor of quickly abandoning the stance he took when running for re-election.
The University of Colorado at Boulder is starting a major marketing campaign so that more people know about the university's academic excellence, and to fight the campus reputation as a party school, The Boulder Daily Camera reported. Officials did focus groups in which they asked people for celebrities that they associated in some way with the university, and answers such as Charlie Sheen and Lindsay Lohan reinforced the concern about the impact of the party school reputation. The new campaign is called "Be Boulder," and focuses on accomplishments and qualities of Boulder students, faculty members and alumni.