Two-thirds of all US universities are expecting enrollment to decrease in Fall 2020, with obvious impacts to fiscal revenues. For universities already reporting growing fiscal deficits from the initial COVID-impact in the Spring 2020 academic term, the loss of revenues can further compound the sustainability of the modern American university. According to the latest statistics…
Attending college is not required for achieving economic prosperity nor lasting peace of mind. Success is defined by the individual’s interpretation of their net worth that they were born to discover throughout a lifetime of searching for value from the sum of their experiences. Yes, that may include attending college, and praise to those who…
According to the US Department of Labor statistics, the August 2020 College Tuition CPI dropped 0.7% from the month prior, the largest monthly drop since 1978. College tuition CPI includes: …annual consumer expenditures for undergraduate and post-graduate studies at 2-year colleges, 4-year colleges, universities, and professional schools (law, dental, medical, etc.)…throughout the United States [minus…
Every college applicant, whether high school senior or community college transfer student, has now awakened in their own Wonderland, the Alice of their own journey to discover: To write competitive autobiographical college essays, applicants must reflect on their experiences, in order to define “Who they are” as well as their aptitude, so they can best…
As the number of newly reported COVID cases increases, university officials in an effort to protect the health of students, faculty, as well as the larger community are diminishing their capacity to educate effectively. According to The New York Times, as of September 3, 2020, over 81,000 college students have been infected with COVID-19 since…
The middle class, and those aspiring to the middle class, families are incurring ever increasing amounts of debt to pay for consistently rising costs of attending college which many believe essential to achieve economic prosperity. Subsequently, to compensate for stagnating academic achievement in order to compete for college admissions, middle class parents are spending on…
When assessing the health of the labor market, having perspective born of fact versus media hype is essential when defining a plan for weathering the economic storm, especially for those on the cusp of entering the job market for the first time after earning an undergraduate or graduate degree. Or, our current economic situation as…
Caption: Jen Grantham/Getty Images/iStockphoto Although the causes behind the shrinking of the American middle class are complicated, the interdependent, economic relationship with the modern American educational industrial complex is not in doubt. As academic achievements plateau at the average, middle class families are spending more funds to supplement educational experiences, like extracurricular activities. Additionally, greater…
Life is divided into three terms – that which was, which is, and which will be. Let us learn from the past to profit by the present, and from the present, to live better in the future. –William Wordsworth We crave static and loathe dynamic, but today’s reality flips that paradigm on its head. Yet,…
The American middle class is shrinking in comparison to nations around the world. Yesterday, I proffered the view that those Americans wishing to sustain or aspiring to achieve a middle class standard of living may not be obtaining the academic preparation necessary, especially as indicated by their average performance on international educational assessments. Yet, their…
The American middle class is shrinking. Why?
The COVID-induced disruption of the educational system, has also upended the Fall 2021 college admissions process. From suspended admissions requirements, like submitting SAT and ACT scores to the implementation of Pass/No Pass style marks for Spring 2020, instead of academic letter grades, effectively reducing students’ cumulative Grade Point Averages (GPA), students and parents are questioning…
As college students prepare to return to college campuses, scattered in varying locales around the nation, to begin the 2020-21 school year, it will not be business as usual given the surrounding outbreak of the novel COVID-19 coronavirus; therefore, monitoring the fluid situation, locally, regionally and nationally, will be of vital importance. The New York…
In the current economic backdrop, where the median view of economists predict a near 5% year over year decline in GDP (total amount of goods and services produced in the American economy) for 2020 (officially a recession), where both initial and continuing unemployment claims stubbornly loom above their longer run average, and though the economy…
In response to the COVID-induced disruption of education, the college admissions process is changing. Many parents and students are now questioning how applicants will be evaluated for Fall 2021 admissions and in years beyond. Traditional metrics for evaluating admissions, like GPA, are less reliable, given many high schools implemented Pass/No Pass-style marks in spring 2020,…
