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☆ Harvard is back on top as college hopefuls' ultimate 'dream' school, despite recent turmoil
▼ + stars: | 2024-03-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

People walk through the gate on Harvard Yard at the Harvard University campus in Cambridge, Massachusetts, on June 29, 2023. Scott Eisen | Getty ImagesAnd just like that, Harvard University has regained its position as the ultimate "dream" school among college applicants. The Princeton Review's 2024 College Hopes and Worries Survey polled nearly 8,000 college applicants between Jan. 15 and Feb. 20, just weeks after Harvard President Claudine Gay resigned amid allegations of plagiarism and controversy over her congressional testimony about antisemitism on campus. Harvard saw fewer early applicantsThis year's early admissions cycle, in the immediate aftermath of the Oct. 7 attack on Israel by Palestinian militant group Hamas, reflected some of the recent turmoil. There were 7,921 early applicants to the Class of 2028, down from 9,553 last year, the Harvard Crimson reported.

Persons: Scott Eisen, It's, Hafeez Lakhani, Claudine Gay, Robert Franek, Lakhani, Christopher Rim Organizations: Harvard, Harvard University, Ivy League, Massachusetts Institute of Technology, Princeton, Hamas, —, Harvard Crimson, Christopher, Command, Supreme Locations: Cambridge , Massachusetts, New York, Israel, Palestinian

☆ A growing number of colleges are rolling out 'no-loan' policies. ‘They are giving them out like candy,’ Yale professor says
▼ + stars: | 2024-02-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Roughly two dozen schools have introduced "no-loan" policies, which means they are eliminating student loans altogether from their financial aid packages. "They are giving them out like candy now," said Menaka Hampole, an assistant professor of finance at Yale School of Management, of the growing number of no-loan policies. "Post-Covid more schools are rolling out no-loan policies mostly on the back of Princeton, which had the money in its endowment to do something," Hampole said. Even if a school has a no-loan policy, that also does not prevent a student or family from borrowing money to help cover their contribution. "No loan doesn't mean free," said Robert Franek, The Princeton Review's editor in chief and author of "The Best 389 Colleges."

Persons: Menaka Hampole, Hampole, Colin Hatton, Hatton, Robert Franek, Nicole Hurd, Hurd, Biden, Terra Gallo, Gallo, Colby, Jackie Hardwick, Hardwick, Randi Maloney, Franek Organizations: Yale School of Management, Princeton, Nationwide, Lafayette College, Finance, Colby College, Colby, The Princeton Locations: Easton , Pennsylvania, Lafayette, Waterville , Maine, Jacksonville , Florida

watch nowWithout broad-based student loan forgiveness, some colleges have a new strategy to keep students from drowning in debt. Roughly two dozen schools have introduced "no-loan" policies, which means they are eliminating student loans altogether from their financial aid packages. More from Personal Finance:More colleges are offering guaranteed admissionStrategy could shave thousands off college costsShould you apply early to college? Colby College in Waterville, Maine, has had a no-loan policy in place since 2008. For Terra Gallo, who is a senior majoring in environmental policy, "Colby's no-loan policy and the fact that demonstrated need is met and accounted for was something that was important to both me and my family."

Persons: Nicole Hurd, Hurd, Terra Gallo, Gallo, Colby, Jackie Hardwick, Hardwick, Randi Maloney, Robert Franek, Franek, Forrest Stuart Organizations: Lafayette College, Finance, Colby, Quest, Princeton, The Princeton Locations: Easton , Pennsylvania, Lafayette, Waterville , Maine, Jacksonville , Florida

☆ As more colleges are promising high schoolers guaranteed admission, 'everybody wins,' expert says
▼ + stars: | 2023-10-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

Sonoma State University Courtesy: Sonoma State UniversityTo help make college a reality, Sonoma State University is trying a relatively new approach: High school students who have completed the requisite coursework and have a minimum 2.5 high school GPA are now "guaranteed admission" to the Rohnert Park, California-based school. Last spring, the State University of New York sent automatic acceptance letters to 125,000 graduating high school students. College enrollment is droppingSonoma State University Courtesy: Sonoma State UniversityStill, fewer students are going to college. More high schoolers want career trainingMost Americans still agree a college education is worthwhile when it comes to career goals and advancement. High schoolers are putting more emphasis on career training and post-college employment, the nonprofit found after polling more than 5,000 high school students six times since February 2020.

Persons: Ed Mills, Mills, Robert Franek, Franek, Lakhani, Doug Shapiro, Cole Clark, Connie Livingston Organizations: Sonoma, Sonoma State University, California State University, Finance, Princeton, Virginia Commonwealth University, State University of New York, Sonoma State University Still, Nationwide, CNBC, National Center for Education Statistics, Student Clearinghouse Research, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: , California, Sonoma State, Richmond , Virginia, New York, U.S

☆ The cost of applying to college: 'Bare minimum,' expect $1,200 on application fees, says expert
▼ + stars: | 2023-10-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Still, students are applying to more schools to try to get a leg up — no matter the cost. "We are seeing a large increase in the number of applications students are submitting," Greenberg also noted. Students apply to twice as many schools as they did a decade ago, he said. At the same time, more students were eligible for a fee waiver, although not all requested one. (Many colleges also offer a college-specific fee waiver, and SAT or ACT testing fees can be waived on a case-by-case basis.)

Persons: Brian Snyder, Robert Franek, Greenberg, Eric Greenberg, Ariel Skelley, That's Organizations: Reuters, The Princeton, Greenberg, Ivy League, Digitalvision

☆ Should you apply early to college? It could affect your odds of acceptance but also your financial aid
▼ + stars: | 2023-10-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Early decision, on the other hand, can "help leverage someone's admissions chances." Despite the possibility of improving your odds of acceptance, there are other factors to consider, especially when it comes to financial aid. For colleges, early decision is a win-winFor schools, offering students an option to apply early has clear advantages. In addition, getting a head start on the makeup of the freshman class helps admissions officers balance out enrollment needs with financial aid requests. (Some schools also offer another option, called Early Decision II, which is due in January.)

Persons: Eric Greenberg, Rick Castellano, Sallie Mae, — that's, Vasconcelos, Robert Franek, Greenberg, Franek, Jeff Greenberg, Louis Organizations: Greenberg Educational Group, Federal Student Aid, The Princeton, Greenberg Educational, Getty, Princeton, Emory University, Colgate University, Swarthmore College, Tulane University, Middlebury College, Washington University Locations: New York, St, Vermont

☆ This year's top 10 highest-paying college majors include some you may have never heard of
▼ + stars: | 2023-09-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch nowAfter petroleum engineering, operations research and industrial engineering majors are the next highest-paying majors, followed by interaction design, applied economics and management and building science. "STEM degrees dominate the rankings for highest-paying majors and STEM careers continue to offer highly competitive salaries in the job market," said Payscale's Gruver. Payscale's college salary report is based on alumni salary data from nearly 3.5 million respondents nationwide. But it is important to consider your area of study before taking out student loans to pay for college, he added. At the very least, that "forces the conversation of what is going to be the real return on my academic investment."

Persons: Payscale's, Robert Franek, shouldn't, Franek Organizations: The Princeton

☆ What the Supreme Court’s decision on affirmative action at colleges means for future applicants
▼ + stars: | 2023-06-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Harvard Yard, on the campus of Harvard University in Cambridge, Massachusetts. The ruling is considered a massive blow to decades-old efforts to boost enrollment of minorities at American universities through policies that took into account applicants' race. "Without considering race, there would be a reduction in the number of underrepresented students of color." "This idea, essentially striking down affirmative action, on its surface will result in less diverse classes," said Robert Franek, editor-in-chief of The Princeton Review. "The ruling does allow for students to express, through their essay or otherwise, things about themselves that could include race," Franek also noted.

Persons: Maddie Meyer, Christopher Rim, Cara McClellan, Robert Franek, Kelly Slay, John Roberts, Franek, — Organizations: Harvard, Harvard University in, Getty, Command, University of North, Racial, Civil Justice Clinic, University of Pennsylvania Carey Law School, University of California, Michigan, Urban Institute, The Princeton, Vanderbilt University, Colleges, Finance, SUNY Locations: Harvard University in Cambridge , Massachusetts, University of North Carolina

☆ Why more and more colleges are closing down across the U.S.
▼ + stars: | 2023-06-17 | by ( Devan Burris | ) www.cnbc.com time to read: +2 min

The mid-2010's saw an uptick in U.S. college closures, particularly among private nonprofit schools. This trend has affected tens of thousands of college students across the country. Since 2016, 91 U.S. private colleges have closed, merged with another school, or announced plans to close, according to a CNBC analysis of data from Higher Ed Dive. About 95% of U.S. colleges rely on tuition, according to Franek, meaning they rely on money from students to operate. Watch the video above to learn what headwinds higher education is facing and hear from students affected by college closures.

Persons: Robert Franek, We'll, Fitch, Emily Wadhwani Organizations: CNBC, The Princeton

☆ Making these 5 moves can help you save big on the massive cost of college
▼ + stars: | 2023-05-04 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +7 min

As the mother of a college sophomore and high school senior, I know thinking about paying for college is daunting. Financial aid is determined by income information that is not necessarily up to date. If your circumstances are now different, that should be brought to the financial aid office's attention, he said. If you're concerned about making ends meet based on the financial aid award letter your child has already received, you can still ask for more aid. "So performing well throughout your high school career is not only important for admission but also for scholarship awards."

☆ On 'Ivy Day,' college hopefuls hear from Harvard, Princeton — but here's the school more students want to attend
▼ + stars: | 2023-03-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

watch nowMarch 30 is "Ivy Day," when many Ivy League schools release those long-awaited admissions decisions. The colleges that ranked the highest on students' wish lists are "perennial favorites," according to Robert Franek, The Princeton Review's editor-in-chief. They are also among the most competitive: MIT's acceptance rate is just under 4%; at Harvard, it's about 3%. Coming out of the pandemic, a small group of universities, including many in the Ivy League, have experienced a record-breaking increase in applications this season, according to a report by the Common Application. The report found application volume jumped 30% since the 2019-20 school year, even as enrollment has slumped nationwide.

☆ College hopefuls have a new ultimate dream school — and it's not Harvard, Princeton or Yale
▼ + stars: | 2023-03-15 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Most of the colleges at the very top of students' wish lists are "perennial favorites," according to Robert Franek, The Princeton Review's editor-in-chief. They are also among the most competitive: Stanford's acceptance rate is also just below 4%; at Harvard, it's about 3%. The report found application volume jumped 30% since the 2019-20 school year, even as enrollment has slumped nationwide. At that point, they must pay a non-refundable deposit to secure their seat at the school of their choice. Tuition and fees plus room and board for a four-year private college averaged $53,430 in the 2022-2023 school year; at four-year, in-state public colleges, it was $23,250, according to the College Board.

☆ Should you apply early to college? Here’s what the experts say about this 'strategic game'
▼ + stars: | 2022-10-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

What to know about early action versus early decisionWhether it's nonbinding early action or early decision, which is binding, the deadlines for these types of applications are typically Nov. 1 or Nov.15 for a December decision, or even earlier for rolling admission. "A lot of people view early action or early decision as interchangeable," said Eric Greenberg, president of Greenberg Educational Group, a New York-based consulting firm. However, "early action, in certain cases, makes no difference in admission." Early decision, on the other hand, can "help leverage someone's admissions chances." watch now"If someone is applying early decision or early action and gets in, at that point in the calendar there's more money available," Greenberg said.

☆ These colleges promise no student debt: 'Loans are not part of the deal'
▼ + stars: | 2022-10-12 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

More than 20 schools now have "no-loan" policies, which means they will meet 100% of the undergraduate's need for financial aid — without education debt. "Loans are not part of the deal," said Anne Harris, the president of Grinnell College in Grinnell, Iowa, which offers grants in the school's financial aid packages instead of loans. "I couldn't even afford to apply to go to college," Lambert said. Recently, Emory expanded its financial aid offerings to cover 100% of demonstrated need by replacing loans with grants. "Being able to support students and have a world-class financial aid program helps us have a world class student body," Emory's Leach also said.

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