Tuition

Weekly Update: June 20

Hope everyone is finding a way to stay cool this week; it’s a hot one!

BIGGEST COLLEGE-RELATED NEWS OF THE WEEK

COLLEGE BOARD PRESIDENT TO OVERSEE THE FAFSA

In some rather shocking news to the educational community, the Department of Education has tapped Jeremy Singer, president of the College Board, to oversee the continued development of the new and “improved” FAFSA, the Free Application for Federal Student Aid. Education Secretary Miguel Cardona called Singer’s appointment part of the “transformational changes” they are bringing to the FAFSA. Singer will not be stepping down from the College Board, merely taking a leave of absence. Students, families, and colleges alike will wait with bated breath to see if the FAFSA will be ready for use by October 1, as promised.

FOUR U.S. COLLEGE INSTRUCTORS STABBED IN CHINA

Four instructors visiting from Cornell College were stabbed by a man as they strolled through a public park in Jilin, China. All four are doing fine and the suspect was arrested, though there is no known motive shared by the police or the Chinese government, and the footage on social media has been mostly censored. Cornell College, a private liberal arts college in Iowa, is known for their innovative “One Course at a Time” block-schedule, similar to Colorado College. It is also one of the Colleges That Change Lives.

USC OFFERS TUITION-FREE MASTERS OF FINE ARTS DEGREE

The University of Southern California School of Dramatic Arts will now be offering tuition-free Masters of Fine Arts programs. Beginning this fall, those pursuing MFAs in acting and dramatic writing will have their tuition waived. This move reflects USC’s “investment in the future of storytelling and the performing arts,” as well as the school’s commitment to making “top-tier training” affordable to future professionals who often face financial barriers, according to Dean Emily Roxworthy.

GRAND CANYON UNIVERSITY ACCUSED OF RACKETEERING SCHEME

Doctoral students at Grand Canyon University have filed a class action lawsuit claiming that the school “intentionally defrauded [them] out of thousands of dollars through what attorneys claim was a racketeering scheme.” The suit alleges that they were charged more than they were originally told tuition would be and for classes added on at the end that they suddenly needed in order to graduate. This is not the first time the university has faced scrutiny. Last year, the Department of Education fined Grand Canyon University $37.7 million dollars for “deceptively marketing its doctoral degrees.”

ANOTHER UNIVERSITY FORCED TO MAKE CUTS DUE TO FINANCIAL CONCERNS

The University of North Carolina at Asheville will be cutting four academic programs and reducing a fifth in cost-cutting measures. This is a move seen more and more around the country as financial woes continue to cause concerns across the higher education landscape. The four programs slated to be cut are Ancient Mediterranean Studies, Drama, Philosophy, and Religious Studies. Languages and Literature will be “curtailed” under the current plan, to reduce a $6 million dollar deficit. Tenured and tenure-track faculty in those departments will get six to 12 months notice of their loss of employment, but others will only receive 30-90 days notice.

BEST ARTICLES OF THE WEEK

Roger Federer, retired Swiss tennis legend, gave an inspiring commencement speech at Dartmouth University’s graduation ceremony this year. With many words of wisdom and thoughts shared, one that is important for all folks to keep in mind is that it’s okay not to know answers about their future. That might relate to what happens after students graduate from college, what they might want to study in college, and especially the dreaded, “what do you want to be?” question! The future doesn’t need us to know everything right now, despite the fact that so many people spend significant time dealing with worry and fear about just that. Federer sagely pointed out that “negative energy is wasted energy.” How might students be more ready for the future by focusing on the here and now? Nobel winning chemist Louis Pasteur observed that “chance favors the prepared mind.” I take this to mean learn all you can, follow your curiosity, and engage with the world around you physically, mentally and spiritually (as you define it). Then when an opportunity pops up, you are ready to grab it!

“What’s in a name? That which we call a rose, by any other word, would smell as sweet.” The Bard did have a way with words, but the reality, when it comes to college scholarships, is a different matter! This article in the Wall Street Journal tells of several last-name specific scholarships that are out there, some searching desperately for a recipient. Are they calling your name?

OFFICE HAPPENINGS

In 2017, the American Psychology Association conducted the Stress in America Survey and found that teens are very stressed. 83% of teens, it noted, felt stressed about getting into a good college or what to do after high school. In 2020, they conducted another survey, this time at the end of the first year of the COVID detection. Needless to say, the stresses in teenagers’ lives did not go down! It is probably not a surprise that issues about academics, life after high school, leaving home for college (hoping you get into one, of course), and fears about the future were still the number one stressor. And, from what we have been sensing as we work with students this year, the trend has not shifted. 

One of the pillars of DC College Counseling is working with families and students to manage the stress of the college search and application process. We can’t take it away, nor should it all be removed, as learning how to successfully manage stress in a healthy way is an important part of growing up. What we do provide is the structure, scaffolding, and safety net to help our students get through this process without being derailed by stress. We do this through our meetings, our strategically-paced timelines, and gentle reminders of what needs to happen when. But we are only focusing on one of many common stress points a teen faces today, and more support is out there, if needed. The information below comes directly from an email from Fairfax County Public Schools, and we encourage any FCPS student or family in need of support or assistance to reach out:

This summer, the FCPS Office of Intervention and Prevention Services will offer virtual Mental Wellness Consultations from June 24, 2024 through August 2, 2024. Any Fairfax County parent or secondary student will have an opportunity to schedule a 45-minute consultation with a school psychologist or school social worker by phone or videoconference. Consultations will be offered in two ways:

  1. Directly to parents of students in any grade level. This consultation provides an opportunity for parents to receive guidance on how to support their child’s social, emotional, and academic success. Information about community resources will also be provided.

  2. Directly to students in middle or high school. This consultation provides an opportunity for middle and high school students to receive guidance and support for concerns related to anxiety, mood, behavior, peer or family interactions, or school transitions and changes. Strategies and tools can also be provided to address academic challenges such as organization and time-management.

What a great opportunity! Click here to request a consultation. Families may also leave a message at 703-503-2520.

For more about mental health, check out these posts.

Weekly Update: April 9

For those of you in the DC area, I hope you had a chance to see the solar eclipse yesterday! (Or maybe felt the earthquake on Friday!?) 

BIGGEST COLLEGE-RELATED NEWS OF THE WEEK

MARCH MADNESS COMES TO AN END

On Sunday, it seemed like the entire country (with the possible exception of the state of South Carolina 🙂) was cheering on Caitlin Clark and University of Iowa. Unfortunately, it was not to be, and South Carolina finished their undefeated season by winning the NCAA women’s championship game 87-75. And last night, UConn won the men’s championship game (for the second year in a row!) by beating Purdue 75-60.

NAIA BANS TRANSGENDER WOMEN FROM WOMEN’S SPORTS

On Monday, the National Association of Intercollegiate Athletics voted unanimously to ban transgender women from women’s sports. “Only students whose biological sex is female” will be allowed to participate. If you haven’t heard of the NAIA, you aren’t alone: the organization is significantly smaller than the NCAA and includes schools that aren’t really on most of our students’ radar. However, this ruling may still be significant for the greater population, as some believe that it could serve as a precedent of sorts for the NCAA.

AT $95,000 PER YEAR, IS COLLEGE A GOOD INVESTMENT?

The annual cost of tuition, board, meals and other expenses at a number of private colleges has exceeded $90,000 this year, which calculates to over $1 million to send three children to college! But don’t let these numbers discourage you: many colleges with large endowments offer generous financial assistance to make attendance affordable, with some students paying just 10% of the advertised rate. Financial aid experts advise making decisions based on the actual cost that you have to pay (after financial aid is factored in), and not the perceived cost.  

Other colleges with price tags now exceeding $90,000 include USC at $95,000; Harvey Mudd at $93,000; UPenn at $92,000; Brown at $92,000; Dartmouth at $91,000; and BU at $90,000. Is college worth the investment? In general, we believe the answer is yes, with the caveat that it is important to borrow in moderation (can’t emphasize this enough!), pay close attention to the ROI of individual majors, and complete degree programs in their entirety.

NEW SURVEYS SHOWS JEWISH COLLEGE CHOICES AFFECTED BY OCT. 7

A recent survey this March by Hillel International, involving over 400 Jewish parents of high school juniors and seniors, showed that 96% are “concerned about the increase in antisemitic incidents on college campuses since October 7.” 19% even said they are questioning whether or not to send their children to college at all. 87% said that October 7 had an “impact” on how they chose a college for their child, and 64% said they are avoiding certain schools altogether because of a perceived rise in antisemitism on that campus.  

Hillel International president and CEO Adam Lehman stated that rather than avoiding certain colleges and “self-ghettoizing,” the Jewish community should focus on fixing the campus climate at schools. Julia Jassey, the CEO of Jewish on Campus, stated: “The last thing that I would ever tell a parent or student is not to go to a certain school because it is antisemitic. All that will do is self-select ourselves out of spaces where we want to be … It’s really more important that when students go to school, they’re educated about what antisemitism is, how to combat it, and what to do when they experience it.”

VANDERBILT IN EARLY DISCUSSIONS TO OPEN CAMPUS IN WEST PALM BEACH

Vanderbilt University is considering opening a second campus in downtown West Palm Beach, Florida, that would enroll around 1,000 students and feature a business school and a college of computer science. Vanderbilt Chancellor Daniel Diermeier has high hopes for this dream campus, and sees an opportunity to capitalize on Palm Beach County’s growing reputation as “Wall Street South” to provide students with jobs in finance. He said that a West Palm Beach campus could “turbocharge” the creation of new businesses established by graduates, creating an innovation industry and transforming the city into a major destination. 

Diermeier envisions that Vanderbilt’s impact on West Palm Beach could be similar to Stanford’s impact on Silicon Valley, resulting in an explosion of business and innovative technology companies. The school is in the preliminary stages of meeting with county commissioners and asking local businesses to co-invest. A recent event attended by Gov. Ron DeSantis raised $100 million for the venture.

BEST ARTICLES OF THE WEEK

Is college football over as we know it?  An article in The Athletic last week said that a group dubbed the “Super League” may be shaking things up in the near future. The group, officially called “College Sports Tomorrow” (CST), is trying to implement a new system that would replace the NCAA and the College Football Playoff, as well as provide a solution for lawsuits involving NIL and transfer portal issues.  The CST structure would eliminate the conference structure and create one entity. 

This centralized college league would negotiate not only for TV broadcasting deals, but also negotiate with any prospective union that would represent players in lawsuits. Colleges are particularly concerned with the House v. NCAA class action lawsuit, which could have the NCAA and power conferences on the hook for billions.  

Some criticize the notion, saying that CST is trying to “buy college football.” Leagues have been hesitant, and some have cancelled meetings with CST so as not to upset their current multi-million-dollar broadcast deals with ESPN and Fox. CST leaders, however, assert that time is of the essence; their goal is to get ahead of foreseeable legal challenges and “lead from the front, not behind.” 

Speaking of college sports, how about North Carolina State!?  Although they lost to Purdue over the weekend, they made it to the Final Four, leaving fans “thunderstruck,” as the New York Times put it. Often referred to by neighboring basketball powerhouses Duke and UNC as the “little brother,” NC State emerged as the country’s Cinderella team, winning nine straight games, including a 26-14 victory over Duke. It was the first time the Wolfpack made it to the national semifinals since they won the national title in 1983. 

In the 1950’s, the team was considered the best in the ACC. Their men’s basketball team was the team that started the tradition of cutting down the net as a victory souvenir. However, a big setback occurred in 1989, when the NCAA placed the team on probation for two years and barred it from the 1990 tournament for violations that included misuse of complimentary tickets and sneakers provided to players. Despite their loss on Saturday, it was thrilling to see an underdog back in the limelight.  

I came across an intriguing article in Forbes that cautioned against college education becoming like a luxury brand – an expensive badge of status reserved for the privileged few. The author wrote that an undergraduate degree (especially one at a top university) provides professional opportunities and upward social mobility, and people are willing to spend a small fortune for it. Luxury products are expensive because they are assumed to be high quality, with intrinsic value, and also carry prestigious, identifiable imagery. These qualities are perceived to be transferred from the products to the person wearing it. In this sense, the author believes, a college education has become very much like a Gucci bag.  

Yet the demand for luxury is slowing, as evidenced by softening sales from brands like Gucci. The brand reported a 20% decline in the first quarter of 2024, due to its out-of-reach pricing and alternative options, which are becoming more culturally valuable. This is a warning bell for higher education: as college tuition rises, more alternatives to college are presenting themselves. 

Social media influencers provide a potentially lucrative career path without school debt, and the massive shortage of trade jobs has led to a premium in salaries for skilled labor (again, without the debt). Some experts think that innovations in technologies like blockchain authentications could gain status akin to a college degree when it comes to hiring. If luxury is any indication, higher ed needs to evolve!

OFFICE HAPPENINGS

Our juniors are continuing to finalize their lists during their second round of college counseling check-in meetings, which just started this week. In case you were wondering, we haven’t seen any particular increase in student interest in UConn or Iowa this year after March Madness (South Carolina and Purdue were already popular options!).

One of the challenges that a lot of our students face involves the difficulty of visiting colleges in person without missing school. It’s particularly tough at this time of year, now that spring break is over and the clock is ticking - college students typically finish up their classes in late April or the first week of May, and the whole vibe changes on campus after that point. Don’t forget that Saturdays are still an option, though! A prospective student will get a much better sense of a campus community on a Saturday during the spring than on a weekday during exam week or the summer.

Have a great rest of the week - we have some amazing weather ahead!

Weekly Update: May 30

We hope you enjoyed the long weekend! We want to honor the men and women who gave the ultimate sacrifice for our country - as well as the incredible sacrifices made by their families and friends left behind.

BIGGEST COLLEGE-RELATED NEWS OF THE WEEK

VIRGINIA PUBLIC COLLEGES RAISE TUITION

Most Virginia colleges have voted to approve tuition increases of 3% or more for the 2023-2024 school year. The tuition hikes come on the heels of several years of little to no change in tuition during the COVID-19 pandemic. Virginia Tech, George Mason, and Christopher Newport have all said that their increases depend on the state budget, and they may cancel the tuition increase with enough state funding. The state budget will not be released until June at the earliest, in part because of the ongoing national debt ceiling negotiations. 

GEORGE WASHINGTON REVOLUTIONARIES

Following student objections, GW changed its nickname from the “Colonials” to the “Revolutionaries” this past week. The committee working on the name sifted through 8,000 suggestions to find the new name, which will go into effect during the 2023-2024 academic year. 

U.S. NEWS CHANGES RANKINGS METHODOLOGY

The U.S. News rankings have been under a lot of scrutiny recently, as schools critique the rating standards and even decline to participate in the popular ranking. In response, U.S. News has announced that it will alter its criteria. Metrics that track alumni giving, class size, faculty with the highest degree in their fields, and the high school standing of the entering class will be removed from the ranking (though still reflected on the U.S. News college profiles). Instead, the rankings will emphasize diversity and “success in graduating students from different backgrounds.” The first round of rankings with these revised criteria will be released this fall. 

529 CONTRIBUTIONS INCREASE

With rising inflation last fall and early this year, contributions to 529 accounts have been on the decline - about $3 billion total late last year and early this year, compared to around $7 billion in the same time period last cycle. However, as inflation eased in recent months, contributions appear to be rebounding close to last year’s levels. Check out this article for more information - not only about recent changes, but also about 529s in general and how they work.

COURT UPHOLDS TJ ADMISSIONS PRACTICES

The Fourth Circuit Court of Appeals ruled that TJ’s new admissions policies do not discriminate against Asian-Americans, and that the changes help create equal opportunity for all applicants. This means that TJ’s new admissions process, which includes increasing the minimum GPA and coursework requirements, increasing the class size, and eliminating the standardized testing requirement, will stay in place. Many expect the decision to reach the U.S. Supreme Court on appeal - only time will tell!

BEST ARTICLES OF THE WEEK

Wondering which college majors make the most money after graduation? Top of the list is one you’ve probably never considered: operations research. Computer science, computer engineering, and veterinary medicine also crack the top ten. These stand in contrast to the most popular majors: business, nursing, and psychology. Where you go to school also has an impact, with computer science majors from schools like Harvard, Carnegie Mellon, Princeton, and Penn making over $200,000 four years after graduating. P.S. curious about the lowest-paid majors? The bottom of the list includes fields like music, dance, drama, and religious studies. 

After #bamarush went viral on TikTok last year, HBO (I am struggling to get on board with the Max terminology!) followed with the Bama Rush documentary, which follows four students through sorority recruitment. The documentary highlights some of the highs and lows of the process - and while some students are happy with how it explores the complexities of sorority life, others feel that its representation of Greek life at Alabama is too negative. Check it out - but keep in mind that Greek life at Alabama is unique, and the recruitment process will look very different at different schools!

It may be hard to imagine any college student taking a voluntary technology fast and month-long vow of silence, but that is exactly what students do in Penn’s Living Deliberately class. Students learn about different monastic practices in class before putting them into action - yes, including waking up at five am and making arrangements to do their homework for other classes silently and without a computer. Believe it or not, the class has a wait list. The article argues that this should be more common, with colleges introducing a low-tech first year program that allows students to take a break from phones and computers and do a lot more reading and contemplation.

OFFICE HAPPENINGS

I finally graduated from the Goldman Sachs 10,000 Small Businesses program after spending last week at their headquarters in New York. Pursuing this program on top of running DC College Counseling definitely kept me busy this past year (understatement!) but it was worth every minute.

It’s been a while since I have walked across a stage, that’s for sure!

I bet most people have no idea how much Goldman invests into the small business landscape nationally - it’s absolutely incredible and I just feel so grateful to be the beneficiary of their generosity. In addition to learning a ton of content knowledge - I can make financial projections now! - I also really enjoyed getting to know the other entrepreneurs in my program.

The BEST group!

We came from so many different demographics and I just have so much respect for each of them. I actually started tearing up at our graduation just thinking about how lucky we are to live in a country where people with nothing can build a legacy for their families and truly change the course of so many lives in the process. Entrepreneurship is an amazing thing.

Lastly, I can’t write about the week without mentioning what was perhaps my favorite moment of the program! We were at a reception and one of the Goldman employees saw my name tag and got really excited, saying she had been trying to find me. Wait for it - she was one of my former students, an Oakton HS graduate!

How crazy is that - talk about things coming full circle!! She graduated from Notre Dame, which she loved, and of course now has an incredible job. It made me so happy to see how she has built a fantastic life for herself over the last decade, and that just put everything else all into perspective :)