California State University is planning to send letters to hundreds of thousands of applicants to the system's campuses, warning them that if voters in November defeat the governor's proposal to raise taxes, far fewer slots will be available, The Los Angeles Times reported. To drive home the point, Cal State has decided not to make admissions decisions until after Election Day. Typically, the university system starts admitting students in October. Anti-tax advocates are accusing the university of inappropriately campaigning for the governor's plan. But a spokeswoman for Cal State said that "we are just laying out the facts of what the budget is and what impact this will have on our budget."
Submitted by Kevin Kiley on September 13, 2012 - 3:00am
Concordia University-St. Paul announced Wednesday that it was dropping its undergraduate tuition and fees by a third for next year, joining a handful of institutions including the University of the South and the University of Charleston to cut their sticker price in the face of increased price sensitivity in the market. The sticker price for tuition and fees, currently set at $29,700, will be $19,700 next fall for all students, including those currently enrolled.
Administrators at Concordia said they were becoming concerned that students their traditional demographic -- middle- and lower-income students in Minnesota -- were ruling out Concordia as an option based on its price, despite the fact that after aid few students actually ended up paying that much. According to federal data, 99 percent of students at Concordia received some form of institutional aid.
Much of the student population at Concordia currently pays less than the new sticker price. The college's discount rate was 48 percent, meaning that students paid just over 50 percent of the sticker price on average. Concordia administrators said some revenue is likely to be lost by lowering the price, but that they hope to offset that by increasing enrollment.
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.