The annual college rankings of U.S. News & World Report are out today, with only one change in methodology. The two most recent years of guidance counselor surveys, rather than just one year of data, will be used to calculate the counselors' ratings. The participation of college presidents in the survey (by filling out reports on the reputations of other colleges) is up a bit this year, if still way behind the two-thirds participation levels of a decade ago. For the new edition, 44 percent of all presidents participated, up from 43 percent a year ago. Liberal arts college presidents have been particularly critical of the rankings, but their participation rate was also up this year -- 47 percent, up from 44 percent a year ago.
Tying a college's Pell Grant eligibility to completion rates could undermine college access for poor and minority students, especially at community colleges, Mark Kantrowitz, publisher of FinAid.org, wrote in an analysis Monday. Rather than focus on completion rates, Kantrowitz argued, more focus should be placed on increasing the number of Americans with college degrees -- a focus that could even cause completion rates to fall if more students enroll and do not all complete college. Focusing solely on completion, as some fear a Bill & Melinda Gates Foundation-supported panel that will focus on student aid as an incentive might do, could end up hurting low-income students, Kantrowitz wrote: "One of the easiest ways to increase graduation rates is to exclude high-risk students. So efforts to boost college completion may directly or indirectly shift eligibility for the Pell Grant program from financial need to academic merit, hurting college access by low-income students."
The University of Rochester has announced that it will no longer require all undergraduate applicants to submit either the SAT or ACT, but they will still have to submit some test. Others that might be used include the SAT subject exams, Advanced Placement tests or International Baccalaureate tests. In a statement, Jonathan Burdick, dean of admissions and financial aid, said: "Many prospective students 'test well' on general standardized exams, and bring that ability to campus, while some are best at mastering specific material in subjects that interest them most, and bring that diligence and focus. Both kinds of students can thrive at Rochester, and both will do best when they find each other here and develop many ways to collaborate and challenge each other."
Demand to earn an M.B.A. isn't what it once was, and top business schools are as a result seeing declines in applications, The Wall Street Journalreported. For the class that just entered, Columbia University's applications were down 19 percent, the University of Michigan was off by 17 percent and Yale was down 10 percent.
A new ranking of colleges -- the Alumni Factor -- will debut today. As the name suggests, most of the criteria are based on alumni views of their own colleges. Only 2 of the 15 criteria do not come from alumni surveys. Four of the criteria are related to wealth: average household income, percentage of graduates in high-income households (above $150,000), average net worth of households, and percentage of graduates in high net worth households (above $1 million). Other criteria -- such as preparation for job success and immediate job opportunities -- focus on careers generally, not pay. The new ranking effort is led by Monica McGurk, formerly of McKinsey and Company. In an interview, McGurk said that her company has figured out a reliable way to get representative samples of alumni to survey and that these names are not provided by their alma maters. She said that typically about 200 alumni are needed per college, and that they are evenly distributed in age, but that people are not surveyed until they are at least two years out of college. She declined to say how the company identifies the alumni.
Asked if her system favors colleges that educate investment bankers over, say, teachers, given the wealth-based criteria, McGurk said that it did not. She noted that other criteria in her methodology, such as friendship development at college, and social and communication skill development, have nothing to do with salaries or wealth. And she said some colleges that have over the years educated many teachers (she named Spelman College as an example) did quite well in her rankings. While the criteria are ranked equally in the Alumni Factor methodology, the company will offer a tool for prospective students to set their own methodology in the rankings, so they can count factors they care about, and not others.
The Alumni Factor plans to make money by offering low-cost access to its rankings, with the idea that students and families will want to see them, and that some alumni may as well. The company also plans to sell its data to colleges that may be able to compare themselves to peers, having access to aggregate data. McGurk declined to say how much the company would be charging colleges.
The number of 18-year-olds is shrinking in Japan, so many universities are creating new incentives to get prospective students to visit campuses, The Asahi Shimbun reported. Some universities are paying the travel costs to campuses. Others are offering discounts on fees normally charged for entrance exams. Still others are starting programs for parents so that they can learn more about the university.