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Many people feel “that they’re not getting enough back, that a college education isn’t worth enough,” said Paul Peterson, a professor of education policy and governance at Harvard University. The data says that college education is worth more than ever.”The dissonance shows how higher education has become another slice of the economy where the vibes are worse than the numbers might suggest — and risks exacerbating Democratic losses with working-class voters. Andrew Smith, director, University of New Hampshire Survey CenterThere are many reasons why improving college affordability may not register widely. Given other budget pressures — from child care to car insurance — college expenses simply might not have fallen enough to matter. A polling site in Vienna, Va., on Election Day, which saw working-class voters further embrace Republicans.
Persons: they’re, , Paul Peterson, Donald Trump, Kamala Harris, Trump, Andrew Smith, Pew, “ We’ve, Robin Isserles, ” Isserles, “ I’ve, Bill Clark, Ashley Koning, Harris, ” Koning, Sallie Mae Organizations: Harvard University, , NBC, Pew, University of New Hampshire Survey, grads, National Center for Education Statistics, Dallas Federal Reserve Bank, Manhattan Community College, Trump, Voters, Inc, Getty, Eagleton Center for Public, Rutgers University, Democrats, College Board, Republicans Locations: New York City, Staten Island, Long, Nassau County, Vienna, Va, New Jersey, New Jersey , New Hampshire, Pennsylvania
The lawsuit claims the schools are factoring in the incomes of divorced parents, even if one of the parents cannot contribute. AdvertisementForty elite colleges are facing legal action over accusations they conspired to raise tuition — primarily by targeting students with divorced parents. According to the lawsuit, considering income of divorced parents raised the average tuition price for students by about $6,200. "Formulas are then used to generate a financial aid offer. Chang, one of the plaintiffs, attended Cornell from 2017 to 2021, and she submitted the CSS profile as part of her financial aid application.
Persons: , Hagens Berman, Maxwell Hansen, Eileen Chang, Chang, Brown Organizations: Service, Boston University, Cornell University, College Board —, College Board, Columbia University, Ivy League, Cornell, Duke, University of Chicago, Yale Locations: Northwestern
According to the lawsuit, these universities bilked applicants from divorced or separated homes by including the financial backgrounds of noncustodial parents when determining financial aid packages. The universities engaged in “a concerted action” to require that an applicant’s noncustodial parents, meaning the parent a student does not primarily live with, provide their financial information to be eligible for nonfederal financial aid, the lawsuit states. The universities generated financial aid offers based on an applicant’s custodial and noncustodial parents’ financial statuses. The College Board’s push to include noncustodial parents’ financial information began in 2006, the lawsuit says, and never included consideration for whether that parent would contribute to a student’s education. “This lawsuit has no merit and NYU intends to vigorously defend itself and its financial aid policies and procedures,” NYU spokesperson John Beckman said in a statement.
Persons: Brown, Hagens Berman, Steve Berman, ” Berman, , John Beckman Organizations: Harvard, Cornell, Dartmouth, Yale, Boston University, Cornell University, Northern, Northern District of Illinois, College Board, , College Board’s, Financial, Columbia University, The, Board, ” New York University, NBC News, NYU, Georgetown University, Fordham, University of Pennsylvania, NBC Locations: United States, U.S, Northern District, Columbia
Jacob applied to Toulouse Business School and received an interview within two days. She had graduated cum laude from high school and had a good chance of getting into colleges in California, Jennifer said. AdvertisementBut Phoebe already had a taste of the European college experience. AdvertisementAccording to U.S. News & World Report, tuition fees at private universities have increased by 40% from 2004 to 2024, while in-state tuition fees for public universities have risen by about 38% over the same time period, adjusted for inflation. Multiple benefits to studying abroadFor the Zeidberg family, the lower tuition fees in Europe were an added bonus.
Persons: , Lou Zeidberg, Lou, Jacob, Jennifer, Europe Jacob, He's, Phoebe, Isabella Ambrosio, Ambrosio, Dalia Goldberg Organizations: Service, University of California, California State University, Business, Toulouse Business School, IE University, IE, Law, International Relations, U.S . News, College Board, YouGov, BI, UC Locations: Berkeley, San Diego, California, Netherlands, Toulouse, France, Europe, Monterey Bay , California, Morocco, Saudi Arabia, Cyprus, Spain, U.S, Chicago, Ireland, American, Philadelphia, Montreal
CNN —Columbia University says it’s placed three administrators on leave pending a university investigation of a weeks-old incident at an alumni reunion event. The university, which reiterated its commitment to combatting antisemitism, did not share any specifics for the leave. Columbia College Dean Josef Sorett said in a statement to the Spectator that he “deeply regret(s)” his role in the texts. “The Dean of Columbia College informed his team yesterday that three administrators have been placed on leave pending a university investigation of the incident that occurred at the College alumni reunion several weeks ago,” a Columbia spokesperson said in a statement to CNN. Josef Sorett, the dean of Columbia College, said in a statement provided to CNN he was cooperating with the investigation.
Persons: it’s, Columbia College Dean Josef Sorett, , , , Minouche Shafik, Shafik, Representative Virginia Foxx, ” “, ” Foxx, Josef Sorett, ” Sorett, CNN’s Matt Egan, Artemis Moshtaghian Organizations: CNN — Columbia University, Washington Free Beacon, Columbia Spectator, Columbia College, Spectator, CNN, College alumni, Columbia, “ Columbia College, Hamilton, Representative, Education, Workforce, University, Columbia College Board, Visitors, New York Times Locations: Columbia, Israel
How to pick a good, affordable college before applying
  + stars: | 2024-06-17 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +8 min
New York CNN —Long before you take your high schooler on college campus tours, consider this: Shopping for college shouldn’t be any different than shopping for a home. Getting into that top 25% cohort is based on SAT or ACT scores, and having a high, unweighted GPA based on a rigorous high school curriculum. Other ways to reduce college costs before applyingWhile your children are in high school they can take other steps to reduce the total cost of their education. If their high school doesn’t offer them, there is a program called Freshman Year for Free offered by the Modern States Education Alliance. Getting the minimum AP scores a college requires to earn a college credit will lower how much you ultimately have to spend on tuition.
Persons: New York CNN — Long, , Beth Walker, Walker, doesn’t, pare, Mike McKinnon, won’t, Todd Fothergill, Fothergill, you’re, ” Fothergill, ” Walker, Said Walker, Organizations: New, New York CNN, shouldn’t, , College, , National Institute of Certified College Planners, Ivy League, Loan, Students, Stafford, American, Tax, of Education College, College Board, Free, Modern States Education Alliance Locations: New York
CNN —The president of Florida A&M University admits “misteps were made” in the handling of a purported $237 million stock gift to the school from a Texas businessman following concerns over the actual value of the donation. He also told the board of the school’s financial arm, the Florida A&M Foundation, that the school was pausing on the gift. The donation was put “on pause” after media reports and college board leaders raised concerns about the actual value of the stock gift — and the details surrounding the donor’s previous donations. South Carolina’s Coastal Carolina University had announced a $95 million donation from an anonymous donor, who then backed out months later. Dr. Shawnta Friday-Stroud, one of the signatories on an agreement between the university and Gerami accepting the gift, has since resigned as vice president of university advancement, according to Robinson.
Persons: “ misteps, Larry Robinson, , ” Robinson, Gregory Gerami, Gerami, Shawnta, Robinson, Stroud, Kristin Harper Organizations: CNN, M University, Batterson Farms Corp, M Foundation, Politico, Carolina’s Coastal Carolina University, Myrtle Beach Sun News, School of Business, Industry Locations: Florida, Texas, Carolina’s, Stroud
CNN —Florida A&M University is putting a purported $237.75 million donation “on pause,” after media reports and college board leaders raised concerns about the actual value of the stock gift—and the details surrounding the donor’s previous donations. South Carolina’s Coastal Carolina University had announced a $95 million donation from an anonymous donor, who then backed out months later. At an emergency board meeting on Thursday, FAMU board of trustee and foundation members expressed their concerns and frustration about the school’s vetting process involving Gerami’s donation. He referred questions to the university and agreed to answer CNN’s questions on the following day, but he couldn’t be reached. FAMU’s Special Board of Trustees, which oversees the full school and the foundation, has scheduled a meeting for May 15 to discuss the donation.
Persons: , Larry Robinson, It’s, Gregory Gerami, Robinson, Gerami, Deveron Gibbons, ” Gibbons, , Gibbons, Kristin Harper, ” Harper, FAMU, Stroud, Terry Arnold Organizations: CNN, Florida, M University, Batterson Farms Corp, Politico, Carolina’s Coastal Carolina University, Myrtle Beach Sun News, FAMU Foundation, university’s, Trustees, Foundation Board, University Advancement Shawnta, FAMU Locations: Texas, Carolina’s, Florida
New York CNN —The good news is your child got into college and is preparing to enroll this fall. The bad news is that you’ve just learned the aid package your child’s school is offering is much smaller than you’d hoped. Over four years of college, students can take out a total of up to $27,000. “That’s cash-flow friendly while your child is in college,” Walker said. Also, Bogardus suggests checking to see if your state offers a tuition aid plan or subsidized loan rates for educational expenses.
Persons: you’ve, sobering, , Beth Walker, , ” Walker, they’ve, Joseph Bogardus, it’s, Bogardus, Skip, Walker, you’ll Organizations: New, New York CNN, College Board, Center for College Planning Solutions, College, , Stafford, PLUS Locations: New York, New England, Stafford
The longest-enduring standardized college admissions test in the nation, the SAT has faced decades of controversy over bias and criticism for reducing aspiring college students to a test score. Discrepancies with standardized testing appear to be symptomatic of the inequality endemic to the education system. In 2005, the College Board added an 800-point writing section to the exam alongside its math and verbal reasoning sections. In this Jan. 17, 2016 file photo, a sign is seen at the entrance to a hall for a college test preparation class in Bethesda, Md. Alex Brandon/APThe College Board told CNN it has also done away with its esoteric vocabulary in the past decade.
Persons: , Carl Brigham, Brigham, classism —, Daaiyah Bilal, Harry Feder, Barnes, Noble, Mario Tama, haven’t, Daniel Koretz, Koretz, Scott Eisen, Brown, ” Dartmouth, Ethan Hutt, Horace Mann, Warren K, Leffler, Alex Brandon, It’s, Rachel Rubin, Jack Schneider, ” Schneider, David Coleman, , ” Coleman, it’s Organizations: New, New York CNN, National Center for Fair, Princeton, College Board, CNN, National Education Association, ACT, Ivy League, Harvard’s Graduate School of Education, Harvard’s, Dartmouth College, Yale, Dartmouth, Harvard, University of Florida, University of Texas, ” UT Austin, College Board's, University of North, Chapel Hill’s School of Education, Massachusetts, of, Phillips Exeter Academy, of Congress, Census, Board, UMass Amherst’s Center for Education, Holton Arms, The College Board, Khan Academy, The Locations: New York, New York City, United States, Guatemala, Hanover , New Hampshire, Georgetown, Austin, Dartmouth, University of North Carolina, Hutt, , Boston, Harvard, Bethesda, Md, Iowa, Northeast
Private equity finds its next bet: college admissions
  + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +10 min
Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.
Persons: New York CNN — It’s, Janet Godwin, , ” Goodwin, , we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, , CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, , Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada
AdvertisementYale and Brown made similar announcements, saying they conducted studies that found requiring testing allowed them to attract the most diverse student body. "The institutions we're currently talking about, they're requiring tests again and didn't necessarily want to ever stop requiring tests," Baker said. Its reason: requiring testing scores would help the school choose between many high school seniors with high GPAs. Even so, data has shown students have continued to take tests despite applying to schools with test-optional policies. AdvertisementMoving forward, Baker said it's important that if more schools choose to switch their testing policies, they consider the announcement's timing.
Persons: , they're, Brown, Brown's, Francis Doyle, Harry Feder, Dominique Baker, couldn't, Baker, Jay Hartzell Organizations: Service, Dartmouth, Business, Yale, ACT, National Center for Fair, University of Delaware, Ivy League, University of Texas, University of Michigan, College Board Locations: Austin
AdvertisementUsing 2021-2022 admissions data from the Common Data Set — a College Board Initiative — the report found that selective and private colleges were most likely to use legacy preference in their admissions. The University of Nebraska, for example, offers $14,000 a year for legacy students from out-of-state. Another example is Drake University, which offers a $2,500 per year award to legacy students. Business Insider has previously reported on the precedent continued legacy preference is setting for the future of higher education. AdvertisementMurphy said he's most worried about legacy preference in admissions, and while legacy scholarships might not send the best message, "if every college in the country drops legacy preferences and hold on to legacy scholarships, I'm fine with that."
Persons: James Murphy, who's, Murphy, Leslie Reed, Drake, he's Organizations: Service, Business, Brookings, College Board Initiative, Reform, University of Nebraska, Drake University, Ivy League
Some American universities estimate their total cost of attendance will exceed $90,000 next year. Tuition and fees at universities have continued to climb, even when adjusted for inflation. The result may be a generation of students wondering if college is worth it. AdvertisementThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. Out-of-state and in-state tuition and fees at public universities have risen by about 38% and 56%, adjusted for inflation, over the same period.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, NYU, Board, U.S . News, for Higher, of Education, Universities, Institute for Higher Education, Institute for Economic Equity, Federal Reserve Bank of St Locations: U.S
Private College 529 Plan locks in today's tuition rates, saving big on future costs and giving flexibility with school choice. Both LaShanda and Ben have been saving for their children's higher education using Private College 529 Plan. Learn more about setting your child up for success with Private College 529 Plan. When you save with Private College 529 Plan, you purchase tuition at then-current rates for each college in the plan. This post was created by Insider Studios with Private College 529 Plan.
Persons: Ben S, Ben, LaShanda, Spelman, they're, prepaying, It's, Roth Organizations: Private, Private College, College Board, Stanford, MIT, Princeton, Spelman College, Roth IRA, Insider Studios Locations: Arizona , Arkansas , Kansas , Maine, Minnesota , Missouri, Montana , Ohio, Pennsylvania
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. This story is available exclusively to Business Insider subscribers. Out-of-state and in-state tuition and fees at public universities have risen about 38% and 56%, respectively, inflation-adjusted over the same period. In a Business Insider and YouGov survey conducted last year, 46% of Gen Z respondents said they don't think college is worth the cost.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, Business, NYU, Board, U.S News, of Higher, of Education, Universities, Institute of Higher, Institute for Economic Equity, Federal Reserve Bank of St
A fascination with the eight private colleges that comprise the Ivy League spans decades. What is an Ivy League degree worth? For decades, studies have shown that earning a college degree is almost always worthwhile. A recent report by Harvard University-based nonpartisan, nonprofit research group Opportunity Insights found that an Ivy League degree carries even more weight in the workforce and beyond. In the end, they found that attending an Ivy League college has a "statistically insignificant impact" on earnings.
Persons: Harvard University's, Blake Nissen, Claudine Gay's, Christopher Rim, Connie Livingston, Birkin, Livingston Organizations: The Boston Globe, Getty, Ivy League, Harvard University, Harvard, Princeton, Command, College Board, Brown University, Ivy Locations: Cambridge , Massachusetts
The test is shorter, adaptive, and tests real-world skills. One test expert says it's easier than past versions but clarifies it's still not an easy test. The digital SAT has some content changesFor starters, the digital test will be shorter and adaptive. "There's even a digital calculator built into the testing application, in case you don't have a graphing calculator," Patel said. AdvertisementThe digital SAT is easier"The new question types are actually testing students in a much more real-world manner than the previous versions of the SAT," Patel said.
Persons: it's, , Brown, Shaan Patel —, Patel, you'll Organizations: Service, Yale Locations: Dartmouth
No More No. 2 Pencils: The SAT Goes Fully Digital
  + stars: | 2024-03-08 | by ( Dana Goldstein | ) www.nytimes.com   time to read: 1 min
With adolescent anxiety surging and attention spans challenged, high school students will take a revamped version of the SAT on Saturday, which has been designed in part to reduce stress, according to the College Board, which administers the test. The exam will be briefer — two hours and 14 minutes instead of three hours — and students will have more time for each question. The reading passages will be much shorter, and test-takers will now be able to use an online graphing calculator for the entire math section of the exam.
Organizations: College Board
Elena Sheppard Courtesy Elena SheppardThis gap in my education — and in many American students’ educations — is one with serious repercussions. To combat that, two high school history teachers have started a national campaign to incorporate more women’s history into high school classrooms via Advanced Placement (AP) classes. Their argument, as laid out on their website, is that women’s history is not sufficiently taught. In AP US History, women’s suffrage, for example, is taught as just one of many movements encapsulated in the Progressive Era. It’s a safe assumption that a women’s studies AP course would face similar controversy and scrutiny, particularly with the inclusion of women’s reproductive rights.
Persons: Elena Sheppard, , I’d, Betsy Ross, Dorothea Dix, Lucy Delaney, Elizabeth Cady Stanton, , Kristen Kelly, Serene Williams, Kelly, Williams, Roe, Wade, Ron DeSantis, Mississippi — Organizations: Cuban, Martin’s Press, CNN, College Board —, College Board, AP, Government, Politics, AP African American Studies, Florida Gov Locations: Cuban Diaspora, St, United States, Florida, Arkansas, Virginia, North Dakota, Mississippi
Above all else, the new Free Application for Federal Student Aid was designed to improve college access. As of the last tally, nearly 4 million students have submitted the 2024-25 FAFSA form so far. That’s a fraction of the 17 million students who use the FAFSA form in ordinary years, according to the U.S. Department of Education. For most students and their families, the amount of financial aid offered and the breakdown between grants, scholarships, work-study opportunities and student loans are key to covering the tab. “Every student should anticipate doing an appeal this year,” said Bethany Hubert, a financial aid specialist with Going Merry by Earnest.
Persons: , Bethany Hubert, Earnest Organizations: Federal Student, U.S . Department of Education, Finance, Biden, College Board
For most students and their families, which college they will choose hinges on the amount of financial aid offered and the breakdown between grants, scholarships, work-study opportunities and student loans. This year, schools are now waiting on that FAFSA information to begin building financial aid packages and to give students and families enough time to weigh their options. "The delay in sending FAFSA data to colleges will cause college financial aid offers to be delayed until at least April, maybe even May." "Making an offer of admission without offering a full financial aid offer really isn't useful for most families," said Adam Miller, vice president for admission and financial aid at Whitman College in Walla Walla, Washington. To do this, Whitman and other colleges would need to leverage the information families provided in their completed CSS Profile.
Persons: Mark, Mark Kantrowitz, Adam Miller, Whitman, Miller, Rick Castellano, Sallie Mae, Castellano Organizations: National College, Whitman College, College Board, Decision Locations: Walla Walla , Washington
But for nearly 15 years, leading introductory economics textbooks gave students an outdated or incomplete explanation of how the Federal Reserve conducts monetary policy. Only now are the textbooks catching up with reality, and some still haven’t fully embraced the new world. And the Council for Economic Education, a nonprofit, is aiming to publish updated standards for what high school economics students should know in 2025. Still, it’s disappointing — though maybe not surprising — that it has taken so long for the notoriously slow-moving world of education to catch up. To explain where the textbooks lagged, I need to do a quick run through the recent changes in monetary policy.
Persons: I’m Organizations: Federal Reserve, College, for Economic Education
Ron DeSantis warned in a CNN town hall Tuesday night that Republicans are “going to lose” the 2024 election if they nominate former President Donald Trump. Nikki Haley – in Iowa’s caucuses, the Florida governor fielded questions in New Hampshire at a town hall moderated by CNN’s Wolf Blitzer. Here are five takeaways from DeSantis’ town hall:Florida Gov. Ron DeSantis, left, participates in a CNN Republican presidential town hall moderated by Wolf Blitzer, right, at New England College in Henniker, New Hampshire, on January 16, 2024. DeSantis answers a question during the town hall in New Hampshire on January 16, 2024.
Persons: Ron DeSantis, Donald Trump, Nikki Haley –, CNN’s Wolf Blitzer, Haley, Trump, , ” DeSantis, “ We’re, , Wolf Blitzer, Will Lanzoni, CNN DeSantis, won’t, DeSantis, Ryan Binkley, it’s, DeSantis ’, That’s, Republicans DeSantis, lumping, Joe Biden, hadn’t, we’ve, Scott, , MSNBC’s Joy Reid, “ We’ve, — that’s Organizations: CNN, Florida Gov, Trump, South Carolina Gov, Republican, CNN Republican, New England College, ABC News, New, GOP, Nevada Republican, Republicans, Trump voters, College Board, Republican Party, defund, Fox, Disney Locations: Iowa’s, Florida, New Hampshire, DeSantis ’, Henniker , New Hampshire, South Carolina, Granite State, Nevada, Dallas, Iowa, DeSantis, United States, Covid, Orlando
In 2023, a record number of low-income students took Advanced Placement exams. AdvertisementIn 2023, 38 percent of all test-takers scored a 1 or 2, with low-income students posting higher failure rates. The College Board, reflecting on its own analysis, stated that AP coursework boosts students across the board, independent of their respective scores on the exam. In 2023, a record 1.1 million students from low-income households took AP exams, per The Times. Overall, 5.2 million students sat down for AP exams in 2023, a more than threefold increase from 2002, when 1.6 million students took the exams.
Persons: , Scott Eisen, David Coleman, Trevor Packer Organizations: Board, Service, College Board, AP, The New York Times, The Times, The, Harvard University in, Times Locations: United States, Harvard University in Cambridge , Massachusetts,
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