Public universities and colleges are partially funded by student tuition and partially by state and local government revenues (i.e. taxes collected), alongside subsidies by the Federal government and private donations. Public funding is then allocated per full time student, as shown in the map below. Alaska contributes the most per student at $14,837, while the…
Tag: College selection
Choosing Harvard: Thoughts About a “Prestigious” University
As Juniors and their families begin sizing up prospective colleges for application and weighing the value of a college’s reputation, I thought I’d share I came to be a Harvard graduate, along with thoughts about a recent New York Times article, Measuring College Prestige vs. Cost of Enrollment. Quotes from the New York Times article will…
The Student Debt Dilemma
While debt can be a useful tool to finance a college education, potential borrowers (and their families) would be prudent to think through their choices, as we discussed in a earlier 6-part series on fiscal planning. And, to add emphasis on the need to think ahead, Fidelity Investments recently found that, “[e]ven with the…
More 25 Year Olds Have Student Debt…And At Higher Average Amounts
As seen in the chart below, the red line indicates that the portion of 25-year olds with student debt has grown from 25% in 2003 to 43% in 2012–meaning an increasing portion of young adults are choosing to “bring forward” expected future earnings to pay for a college degree. Furthermore, the black line on the chart…
Will College Price Itself Out of Its Demand?
As the price of tuition continues rising, will students (and their families) choose to forgo a college education? The most recent college application cycle for Fall 2013 doesn’t seem to indicate that students are not choosing a college education. Applicant numbers are up around the country from a 10.7% increase for the University of California…
Greek Life: One Perspective on College Fraternities & Sororities
Clients often want to consider colleges where they’ll be opportunities to join Sororities and Fraternities, also known as Greek Life. In response to clients’ questions, I interviewed Drew, a former Creative Marbles Consultancy client, Fraternity member and soon-to-be-graduated college student with a degree in Biology. He talked with me about how joining a fraternity added to his…
What’s The Value of a University of California Education?
Roughly 30 percent of every dollar we take in from tuition we reinvest back in financial aid. So the nominal tuition is $12,000 but the real tuition is probably about $8500. It’s like the sticker price on an automobile: 62 percent of our students don’t pay the sticker price, [which is] income adjusted. But it’s…
812% = Rise of College Text Book Prices Since 1980
While families know they’ll pay for college textbooks, the actual expense may be seen as, “OMG, ONE more thing I have to pay for?!?” When families may already feel limited in savings and income to pay for rising college tuition, planning ahead can help reduce stress. Knowing the average annual textbook expense at potential colleges,…
Guest Post: Cultural Musings
Many high school and college students intend to study abroad, with only vague notions of foreign escapades and intrigue, as a sort of extended tourist vacation. Haven, a current New York University Sophomore and former Creative Marbles Consultancy client, agreed to share a more detailed picture for students wishing to live and study internationally, while…
What’s College’s Value Given Today’s Prices?
Choosing a college based on price or which campus offers the greatest amount of financial aid can seem like a foreign concept to many families. However, as tuition continues rising annually and parents face the quandary of balancing saving for retirement and paying for college, at the same time their income seems to be shrinking,…
Wanted: College Students for Fall 2013 Enrollment APPLY NOW
“Too late” doesn’t apply to college admissions. And, no, I’m not talking about enrollment only at a community college. Every year, after May 1st, colleges begin sorting who’s coming and who’s not coming to campus next fall. Typically, several hundred campuses around the country are still open for admissions, given the lack of enrollment. For…
May 1st: Not Just May Day for Seniors
For graduating Seniors across the world, May 1 is the deadline decision day to enroll in a U.S. college for Fall 2013. Today is the culmination of the college admissions process, of which the year long college application process from Fall 2012 to now was the latest step for Seniors and their families. Although, the college…
By the Numbers: University of California Fall 2013 Admissions
Note: a negative number in the last column represents less overall applicants admitted as Freshmen to the UC campus. Most all of us can recall a story of the 4.0+GPA earning, 2000+SAT scoring, class president for 4 years, started and is running a charity in Ghana, India and Brazil, plus helps little old ladies across…
What Does College Tuition Really Buy?
Harper’s Magazine reported in November 2012: 81% of Americans who viewed college as a good financial investment in 2008 dropped to 57% in August 2012. Now, there’s much room for interpretation of “good”–however, is the change in the average value of a college degree indicating a shift away from college, and if so, what experience…
Reviewing The Week In Education: March 31-April 6
Highlights in Educational and College Admissions Happenings for March 31-April 6: In College Admissions: The last of the college admissions acceptances and denials were returned to anxiously awaiting Seniors and their parents. Creative Marbles Consultancy’s Commentary: For students denied admissions, speculation about why s/he was denied has ranged from “only the Asian kids in my…