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☆ How a bad year for college financial aid is shaping these students' futures
▼ + stars: | 2024-07-14 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

However, with a sticker price of nearly $80,000 per year, including tuition, fees, and room and board, Montiel-García, like many college hopefuls, needed financial aid to bring the cost down. Because of problems with the new form, financial aid award letters were delayed and some high school seniors, like Montiel-García, had trouble applying for any aid at all. In previous years, financial aid award letters were sent out at about the same time as admission letters, meaning students had several weeks to compare offers ahead of National College Decision Day, the deadline for most admitted students to decide on a college. Because of the extensive delays this year, some students won't get their final financial aid award letter until the end of August, the U.S. Department of Education said in a recent update. The high school graduate from Riverdale Park, Maryland, secured enough additional funding from the Maryland College Aid Processing System to afford his top choice school: Towson University.

Persons: Ramon Montiel, García Ramon Montiel, Montiel, García, —, NCAN, Laura Ipsen, Eric Greenberg, Andrea Garcia, Garcia, Emory doesn't, Mark Kantrowitz, Greenberg, mani Murphy, Murphy Organizations: KIPP, Denver Leadership Academy, Colorado ., KIPP Northeast Denver Leadership Academy, Wheaton College, Federal Student Aid, Wheaton, University of Colorado, National College, Greenberg Educational Group, U.S . Department of Education, Emory University, Education Department, Riverdale, Maryland College, Towson University Locations: García, Colorado, Massachusetts, U.S, Montiel, Denver, New York, Atlanta, Ky, Riverdale Park , Maryland, Towson

☆ College enrollment picks up for the first time in over a decade — but student loan debt is still a major sticking point
▼ + stars: | 2024-01-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

For the first time in over a decade, more students are choosing to go to college. Undergraduate enrollment rose 1.2% in the fall of 2023 compared with one year earlier — a gain of roughly 176,000 students, according to the National Student Clearinghouse's latest research. "The number of students in college has finally turned the corner after years of decline," said Doug Shapiro, executive director of the National Student Clearinghouse Research Center. "Students have been increasingly opting for shorter term degrees and more vocational programs and vocational certificates," he added — at the expense of a four-year degree. "We have more families asking about pre-professional programs," Greenberg said.

Persons: Doug Shapiro, Z, Biden, Shapiro, Eric Greenberg, Greenberg Organizations: National, Student Clearinghouse Research, Finance, Greenberg Educational Group Locations: New York

☆ Higher pay leads to surge in STEM graduates. Science, tech majors are 'the most lucrative,' says expert
▼ + stars: | 2023-10-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Getty ImagesHighest-paying majors are mostly STEMPayscale's recent college salary report found that petroleum engineering is currently the highest-paying major overall. After petroleum engineering, operations research and industrial engineering majors are the next highest paid, followed by interaction design, applied economics and management, and building science. The growth in STEM jobs is expected to outpace that of non-STEM jobs in the coming years, Pew also found. 'You don't always need a degree'However, in some STEM-related fields, "you don't always need a degree," according to John Mullinix, chief growth officer at Ladders. A growing number of companies, including many in tech, are dropping degree requirements for middle-skill and even higher-skill roles.

Persons: Marc Cenedella, Greenberg, Eric Greenberg, Pew, John Mullinix Organizations: U.S . Census, Greenberg Educational, College Board, Pew Research

☆ 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

☆ 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.

☆ With a possible recession looming, here's how to decide if you should to go back to school
▼ + stars: | 2023-01-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Historically, enrollment in graduate school picks up amid recession as workers take the time to "skill up" or pivot to another industry with better career prospects or pay. "When the economy goes down, the interest in graduate schools goes up," said Eric Greenberg, president of Greenberg Educational Group, a New York-based consulting firm. Still, a recession may be looming, some experts say, which raises the question of whether going back to school makes more sense than trying to weather a potential period of unemployment. In 2020, nationwide enrollment in graduate school initially sank but then quickly rebounded in 2021, only to slump again in the fall of 2022. There's usually a lag time of up to a year after the economy slows before workers return to school for retraining, he said.

☆ 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.

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