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    States could save money and increase college-graduation rates by providing modest financial incentives for students to choose private colleges over comparable public ones, according to a report released this week. The conclusion, which was quickly disputed by a group representing public colleges, comes at a time when a growing number of states are providing the opposite incentives. This week New York became the first state to offer free tuition at both two- and four-year public colleges for middle-class families. Other states are considering similar moves, prompting widespread concern that enrollments could plunge at some tuition-dependent private colleges that recruit heavily from their states. The report was prepared for the Council of Independent Colleges as part of its efforts to promote the value of the liberal arts and independent colleges. The report was distributed this week to all of the council’s members, to provide talking points when they make the case for financial support from state lawmakers, especially in states where free public-college tuition is on the agenda. It’s hardly surprising that the council, which represents more than 700 nonprofit independent colleges, would promote a report based on the argument that costs per degree are lower and graduation rates higher at private institutions. But the report’s authors, both of whom work at public universities, say it is based on a comprehensive analysis of federal data and state-specific simulations in 24 states. In all but two of those states, the proposed shift would save money, the researchers concluded. The findings were dismissed by Barmak Nassirian, director of federal relations and policy analysis for the American Association of State Colleges and Universities. "I empathize with their plight, and I don’t begrudge them their moment in the sun, if that’s what their report is, but there are lots of problems with it," he said in an interview on Thursday. "They’re trying to make the counterintuitive case that expensive schools are cheaper t
    6 years ago by @prophe
     
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      OSKALOOSA — William Penn University, like many other private colleges in the state, continues to find unique ways to attract Iowa students. They’ve invested in their curriculum, made the programs more flexible with daytime, evening and nontraditional classes and focused on developing the campus culture to be a meaningful, purposeful experience. To celebrate William Penn University’s legacy of educational opportunities, they’re offering a new scholarship to Iowa high school seniors enrolling in traditional coursework at the Oskaloosa campus. If eligible, the student will pay $5,000 or less for tuition for the 2017-18 school year.
      6 years ago by @prophe
       
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        While very few people study poetry or classics to get rich, studying the humanities has a big financial payoff at a surprising array of colleges, a new analysis of college grads’ earnings has found. Of course, students who major in engineering, economics, business or computer science at the best schools tend to have the highest financial return on their tuition investments, according to new salary data collected by PayScale.com. But liberal arts and other humanities majors at 16 schools have, on average, earned at least $500,000 more than they paid for school and the typical earnings of someone who did not attend college, PayScale said. Humanities majors at 245 colleges have typically earned at least $200,000 more than they spent on college within 20 years of graduation, PayScale found. Leading the pack: Yale. PayScale estimates that Yalies who receive financial aid pay a total of only about $80,000 for their four-year degrees. And, on average, people whose education stopped at high school earn about $30,000 a year. Yale humanities majors report earning about $80,000 a year, on average. So 20 years out, Yalies have earned a total of about $1.6 million, which puts them a total of $812,000 ahead of high-school grads - even after subtracting the cost of school. Making these numbers even more impressive: they’re only for students who finished their education with a bachelor’s. They don’t count, for example, history majors who went on to earn law degrees or M.B.As. Ivy League colleges, which offer generous aid and thus have low costs for middle class families, tend to have among the highest “return on investment” for humanities and many other majors, PayScale found. But many more accessible colleges also paid off well: Wabash College, a private men’s college in Crawfordsville, Ind. that accepts 61% of applicants, ranked in the top 20 for financial return for a humanities degree. After 20 years, the typical Wabash humanities grad had earned a financial return of about $500,000. San Jose State University, had one
        6 years ago by @prophe
         
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          Americans are often expected to have some level of higher education before they enter the workforce. These political leaders are asking: Shouldn’t government help them along? CHICAGO—A surge of innovation in states and cities is building momentum for what could become a seismic shift in American education. Just as the country came to expect in the decades around World War II that young people would finish at least 12 years of school, more local governments are now working to ensure that students complete at least 14 years. With that change, political leaders in both parties are increasingly acknowledging that if society routinely expects students to obtain at least two years of schooling past high school, government has a responsibility to provide it for them cost-free. That impulse animates the statewide tuition-free community-college program pioneered under Republican Governor Bill Haslam in Tennessee and replicated under Democratic Governor Kate Brown in Oregon; Chicago Mayor Rahm Emanuel’s Star Scholarship, which funds two years of community college for students who complete high school with a B average; and the legislation Governor Andrew Cuomo recently signed into law providing tuition-free access to two- and four-year public colleges in New York for families earning up to $125,000. The Campaign for Free College Tuition, an organization promoting this movement, expects representatives from up to 18 states to join their conference next month in Denver. Ben Cannon, executive director of the Oregon Higher Education Coordinating Commission, speaks for many devising these initiatives when he insists: “As a state, we generally acknowledge and understand that a high-school education is not enough, and [tuition-free community college] represents an attempt to extend that [public-education] entitlement to 14 years.”
          6 years ago by @prophe
           
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            Cardinal not wanted after his role in handling sex abuse allegations Cardinal Timothy Dolan, archbishop of the Roman Catholic Archdiocese of New York since 2009, will speak at the University of St. Thomas' May commencement ceremony despite student calls for the university to reconsider. Students say they are concerned about Dolan's role in handling sexual abuse allegations when he was archbishop of the Roman Catholic Archdiocese of Milwaukee in the early 2000s. A petition calling for the private Montrose university to cancel the speech brought more than 100 signaturesin the last several days, and four students Thursday afternoon distributed leaflets from the heart of campus with photos of Dolan's face, media coverage of allegations against him and a link to an online petition. "Send it to everyone you know," said Victoria Villarreal, a senior studying communications, as she passed a flier to a woman. "I did," she responded. University President Robert Ivany said Thursday morning that he does not believe the criticism reflects general opinion on the 3,300-student campus. The university's governing board of directors selected Dolan to speak two years ago in a unanimous decision, he said. The university announced last week that he would speak at commencement. Before assuming his current role in New York, Dolan served as archbishop of Milwaukee from 2002 to 2009. Under his leadership, abusive priests were paid up to $20,000 for agreeing to be removed from the clergy. "Was it a payoff, was it a settlement, was it an impetus - I wouldn't say that, nor would I say it was a normal practice, but it was done," he said in a 2012 deposition about the payments. The payments, he said, were to help accused priests transition out of their positions and get medical insurance. Ordained as a priest in 1976, Dolan has served in Missouri, Washington, D.C., and Rome. He had a prominent role in President Donald Trump's inauguration, leading the nation in prayer from the Capitol moments before Trump took office. He was appoint
            6 years ago by @prophe
             
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              For-profit universities in the US have a record of aggressive marketing practices, poor completion rates, and producing graduates with uncertain job prospects and high levels of debt. So why would Purdue University, a state university in Indiana founded in 1869, buy Kaplan University, a for-profit institution with a record of federal investigations and lawsuits from former students? Purdue is eager to offer online education, and acquiring Kaplan was cheaper that building a new system form scratch, Purdue president Mitch Daniels said in a statement. The school doesn’t have to pay anything upfront, and “will enter into a long-term transition and support agreement, with a buy-out option after year six,” according to a FAQ page. For-profit universities in the US have a record of aggressive marketing practices, poor completion rates, and producing graduates with uncertain job prospects and high levels of debt. So why would Purdue University, a state university in Indiana founded in 1869, buy Kaplan University, a for-profit institution with a record of federal investigations and lawsuits from former students? Purdue is eager to offer online education, and acquiring Kaplan was cheaper that building a new system form scratch, Purdue president Mitch Daniels said in a statement. The school doesn’t have to pay anything upfront, and “will enter into a long-term transition and support agreement, with a buy-out option after year six,” according to a FAQ page. Public universities have been forced to become more entrepreneurial as states have dramatically cut funding. It’s no surprise that Daniels, the former Republican governor of Indiana who slashed the state’s higher-ed budget, would be pushing Purdue to find new sources of revenue. Still, it’s an unexpected turn in American higher education, with a market-driven disruptor swallowed by the stodgy old incumbents. But it may be that the for-profit executives just misread the market signals: Students, it seems, didn’t just want convenient education; they also wanted it to be p
              6 years ago by @prophe
               
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                Pack your bags, Mules. Colby College is promising that, beginning in the fall, every student will be able to study abroad, regardless of income, under a new program made possible by a $25 million gift from a wealthy alumnus. Colby, home to 1,800 students in Waterville, Maine, says it is the first liberal arts college in the country to eliminate the financial barriers to international travel, to ensure that every student gains experience overseas during their undergraduate years. The program, announced Wednesday, will allow students at Colby — whose mascot is the Mule — to travel for work, study-abroad programs, internships, or research. David A. Greene, the private school’s president, said the goal is to make international education accessible to students whose parents may not have connections to internships in foreign corporations or be able to afford an airline ticket and a Eurail pass for a summer of sightseeing in European capitals. The program, which is being funded by Andrew Davis, an investor who graduated from Colby in 1985, will pay for airfare, housing, meals, and stipends to allow students to take unpaid internships, a luxury often available only to higher-income families. “What we’re trying to do is make sure these experiences are universal when students come to Colby, no matter your ability to pay or your own personal network,” Greene said. Currently, 70 percent of Colby students study abroad. Still, the fact that the benefit is being offered to students at an elite New England college like Colby underscores how study-abroad experiences are still out of reach for most college students. Nationally, only 10 percent of American undergraduates, including community college students, study overseas by the time they graduate, according to the Institute of International Education. Mark Farmer, director of higher education and public policy at the Association of International Educators, said it was encouraging to see a private donor at Colby support study-abroad efforts at a time when
                6 years ago by @prophe
                 
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                  If you are thinking about attending college and are tempted to take advantage of New York State’s new “free tuition” program, you may want to pay very close attention to the facts. First, students who opt for the state plan will be subject to a number of burdensome restrictions. They will be required to maintain 30 credit hours a year, earn a grade point average sufficient for on-time graduation, and agree to live and work in New York upon graduation for as many as four years. Failure to maintain 30 credits will make the student ineligible for future payments, and failure to reside in the state will convert the grant into a loan (and the terms of such loans have not been determined yet). By Gary A. Olson If you are thinking about attending college and are tempted to take advantage of New York State’s new “free tuition” program, you may want to pay very close attention to the facts. First, students who opt for the state plan will be subject to a number of burdensome restrictions. They will be required to maintain 30 credit hours a year, earn a grade point average sufficient for on-time graduation, and agree to live and work in New York upon graduation for as many as four years. Failure to maintain 30 credits will make the student ineligible for future payments, and failure to reside in the state will convert the grant into a loan (and the terms of such loans have not been determined yet). Advertisement What’s more, the state has made no guarantee that every eligible student will in fact receive this benefit. The state has allocated funding for only about 3 percent of the eligible population of college students. This means that most eligible students will not receive the benefit. And, of course, state college fees and room and board expenses are notoriously expensive and are not covered by the new grant. An old adage sums it up concisely: If something sounds too good to be true, it probably is. Or perhaps I was thinking of another familiar saying, “There’s no such thing as a free lunch.” In
                  6 years ago by @prophe
                   
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                    Traverse City — A local education nonprofit has sealed a deal to purchase a northwest Michigan elementary school, but operation-related details are still unclear and officials aren’t publicly discussing options.
                    6 years ago by @prophe
                     
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                      Over the years I have seen many retirement plans ruined, simply because substantial amounts of investment dollars, originally allocated for retirement, were used to pay for college education. This selfless act of support can create a long-term problem for the retiree. However, it is not the act of paying for the education that is at issue but rather how and when you choose to pay is what needs to be explored. First, let's take a look at general college costs; according to collegedata.com the average cost of tuition and fees for the 2016–2017 school year was $9,650 for state residents at public colleges, $24,930 for out-of-state residents attending public universities and for those in private colleges the average was a whopping $33,480 a year. Add to that room and board, books and supplies, ancillary living expenses and possible travel costs needed for either the student or family members throughout a school year, and you have a hefty draw down of savings. –– ADVERTISEMENT –– Read: How to get into an Ivy League school — by someone who got into 6 of them For many, that lump sum draw down, each year over four years — potentially four plus years — will create significant, irreplaceable, long-term loss of reserves needed to support your future, ongoing monthly retirement income. To avoid diminishing your retirement savings or general investment accounts, be creative; explore the various options that may be available to pay for college. With that said, here are a few suggestions intended to help support higher education needs and at the same time designed to help keep your retirement savings intact: • Plan to have your child apply for scholarships. Discuss with your child, early on, what is required to be granted a scholarship. Visit with a school counselor to get information on the qualifying rules and learn what types of scholarships and student aid may be available. Remember; it is cheaper to pay for a summer tutor to help your child strengthen a subject they are weak in, than it is to forfeit a
                      6 years ago by @prophe
                       
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