CollegeBound Newsletter September 2011

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College Bound ISSUES & TRENDS FOR THE COLLEGE ADMISSIONS ADVISOR Vol. 26, No. 1

September 2011

#$%"B8-'-9?" &9:+8(0";/9,00,-'0 AS CB WENT TO PRESS THIS MONTH, 165,000 students in California and 190,000 in England were turned away from college doors. After two decades of encouraging students worldwide to obtain a college degree, the dream for many is elusive. The economic turmoil of the last few years has not only impacted a student’s ability to pay tuition, but attend college at all. Amidst this scenario, some colleges and families are finding new ways to fund an education. Here’s a roundup of some of the news this summer. Colleges Hold On. The long recession has many colleges digging even deeper this fall to make cuts and balance their budgets. The U. of New Hampshire system is cutting 200 jobs and increasing costs for students at its Durham campus by 8.7 percent. Other colleges are cutting departments that fail to attract students or generate enough revenue. The U. of Illinois, for example, just eliminated its 56-year-old Institute of Aviation. Indeed, colleges and universities dependent upon state support feel the pinch in particular. As many as 35 states are battling budget deficits, while 13 have cut their state higher education budgets by at least 10 percent. And 11 states have put a cap on the number of students they can educate at their flagship universities. For example, California public universities enrolled 165,000 fewer students in 2010-11 than the previous year. And states are struggling to make up the $9 billion of federal stimulus assistance that ran out this summer. The American Association of State Colleges and Universities issued an eight-page “State Outlook” in July, which included the percentage change of state support for four-year public universities that ranged from a 21 percent

decline in Colorado to two percent in Indiana. Smaller regional state colleges face “especially tough fiscal challenges,” the report said. To check on a state, see, www.aascu.org/policy . Debt Deal Spares Most Student Aid. However, the much heralded “debt deal” passed this summer by Congress and signed by the President did not harm most federal student aid programs, as aid advocates feared. The deal raised the nation’s debt ceiling and will lead to federal borrowing of $4 trillion. Yet the deal also set aside $17 billion of that money over the next two years to fund the Pell Grant program, which according to a recent Chronicle of Higher Education “has doubled in cost the last three years and faces a multi-billion dollar deficit.” The maximum Pell Grant for the 2012-13 school year will remain fixed at $5,550. The big loser? Graduate student loans, which had kept interest rates low for students, will lose their federal subsidies. One advocacy group estimated that could cost the average graduate school borrower an average of $7,000 in extra interest payments. The budget deal also means an end for interest rate reductions for those who pay their debts on time. Congress had previously cut the LEAP program (Leveraging Educational Assistance Partnership) which returned money to the states to fund needy students. According to the Congressional Budget Office, that will amount to a $21 billion savings over 10 years. Student aid advocates now shift their worries to the fall 2011 budget cuts under consideration by the new Congressional supercommittee charged with making $1.5 trillion in cuts from future budgets. If that commitcontinued on page 2

Fall Admissions Watch AS COLLEGES welcomed freshmen this fall, in spite of hurricanes, earthquakes and economic pressures, they painted a profile of who got in last spring and who the students are. 1)+'/%,0" *%+)0" =:>" One student documented the impact of climate change in Nepal. Another won the 2010 New York State men’s fencing championship. A third is a survivor of the war in Sudan. They are among the 860 incoming first-year students at Brandeis U., selected from 8,900 applicants, the most in Brandeis history, according to BrandeisNOW. More than 90 percent graduated in the top quarter of their high school class; 70 percent received financial aid. 1)?'" @+6)A0" 73+00" &'(%)'+(,-'+3>" Bryn Mawr C. welcomed 364 students to the Class of 2015. And the 126-year-old college is beginning a new 360-Degree program whereby students take two-to-four courses to become an expert on a “dynamic issue of our time.” One topic, for example, is “The Economics of Energy.” The new class includes students from 35 states and 39 countries. In fact, 25 percent of students at Bryn Mawr are international. “We want to be a global college, with students that think globally,” Jenny Rickard, dean, told the Bryn Mawr-Galdwyne Patch. Notre Dame Freshmen Service Oriented. From the 16,500 applications this year, some 2,000 new freshmen and 154 transfer students enrolled in Notre Dame U. for the fall continued on page 2

INSIDE !"#$%"&'(%)'%("*%'%)+(,-' !"*.,/%0"-'"($%"1--20$%34 !""5%6"7.)),8.3.9"7+:0.3%0" !";'/"5%60"<-."7+'"=0%

COLLEGE BOUND’s Publisher/Editor: R. Craig Sautter, DePaul University; Chief Operating Officer: Sally Reed; Associate Editor: Emma Schwartz; Editorial Assistant: Reed Lubin; Board of Advisors: Lisa Burnham, Edina High School, Minnesota; Claire D. Friedlander, Bedford (N.Y.) Central School District; Howard Greene and Matthew Greene, authors, The Greenes’ Guides to Educational Planning Series; Frank C. Leana, Ph.D., educational counselor; M. Fredric Volkmann, Washington University in St. Louis; Mary Ann Willis, Bayside Academy (Daphne, Ala.). www.collegeboundnews.com


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