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College Trends Spring 2024

Costs, Admit Rates, Yield, Campus Protests, and Co-ops/Internships

Costs – Continue to rise

An April 5th NY Times article created quite a stir.  Some Colleges Will Soon Charge $100,000 a Year. How Did This Happen? – The New York Times (nytimes.com) It’s not surprising with inflation in the US economy that it would undoubtably wind its way into the cost of college.  For most families this heavy price tag is stunning. One family I worked with received the cost ramp up rate for the 2nd, 3rd, and 4th years: the 4th year itself was around $97,000. Colleges are beginning to prepare their future classes for the hard reality of cost.

Admit Rates – Continue to decrease

 

Class of 2028 Overall Admission Rates from selected colleges:

Boston University – 11%; Duke – 5%; Florida State 22%; Northwestern 8%, (source: College Kickstart)

 

As costs rise and admit rates drop at highly regarded schools, more applicants are looking at public state universities that have lower costs.  These public universities have become more than just a safety school. And because of this, State universities are seeing unprecedented application growth.  Admit rates will continue to decline as students get anxious and decide to apply to even more colleges. . 

 

Yield – Continue to rise

 

Yield has become the major player from the college vantage point. One only needs to look at the ratio of those who enroll as a factor of how many seats are available. Colleges want to know that the prospective student isn’t shopping around. For most selective colleges, that yield continues to rise.  For Class of 2027 : Boston College 41.36%; Brown University 63.10%, ; Cornell 66.01%; MIT 84.59%.  (source: Ivywise)

 

College Protests at the most selective colleges and their impact

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We are watching a delicate “game” as protests on college campuses sprouted up across the country. It is probably fair to say that these are the first significant protests to occur since the Vietnam war era. I suspect that there will be a series of reactions as college administrations address what is happening. It has been distressing for families who went from being thrilled with their children’s admission success to being somewhere between concerned and embarrassed. Weren’t these supposed to be the best and brightest students? What has happened? What is the administration doing? But it is more than the current and prospective students who are affected: countless top-tier US. colleges are watching alums pull away their financial support. It is possible that the college name on a job applicant’s resume may negatively affect the candidate. This is an explosive topic right now. Parents and students must be comfortable that the campus will be safe. The definition of a “great school” is being questioned.

 

Internships and Co-op programs

For students who know what they want to study, these programs can be fantastic.

But there are pros and cons:

Pro: Can effectively land the job they want while still in college

Con: 1) It extends the college years and 2) If a student is off campus for an extended period, they may be missing out on many social development aspects associated with the college experience.

 

In summary, the college landscape is seeing unprecedented change and the impact on parents’ pocketbooks and student decisions is significant.

“SO, WHAT ARE YOUR PLANS FOR COLLEGE?”

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  • User AvatarNeal Schwartz
  • 13 Dec, 2021
  • 0 Comments
  • 2 Mins Read

“SO, WHAT ARE YOUR PLANS FOR COLLEGE?”

This is the big question that a lot of high school seniors might be dreading for the upcoming holidays if they haven’t applied Early Decision, heard back from schools, or want to entertain questions about their college plans. All most students want to do is have a good time with family and not think about applications and the future for a minute, but this question will inevitably be asked, probably multiple times on multiple occasions.

Can you blame your family? This is certainly a decisive time for you, but also for them. Most of the time, your family has the best of intentions. They are either genuinely interested or making appropriate small talk. In any case, it’s important to keep in mind that less is more.

If you know the answer, say it loud and proud, but if you don’t, there are a variety of approaches that can dig you out of a sticky situation.

THE “WAIT AND SEE” APPROACH

In this response, you can tell your family that you’ve applied to certain schools or are planning on applying to certain others and haven’t heard back yet. You should tell the minimum of information and especially avoid dwelling on your top choice when you don’t know the outcome yet. You can say that you’ll hear back soon and then can discuss it later. Pushing it off is a good way to get them off your case for the time being!

THE “DIVERSION” APPROACH

 When asked this question, you could strategically turn it around to whoever asked you. For example, you could ask them about how they made their college choices, what they majored in, what was important in their college decision and what they thought of their school. People love to tell their stories and this way, you can spark a new conversation and divert the attention away from you. In another subset of this approach, you can talk about what some of your friends are planning on.

THE “GENERAL” APPROACH

 When totally in doubt, being general will be your greatest ally. You can talk about your interests, your research, and what clubs you might be interested in joining, without talking about any specific college names or dates or programs. Then you could even ask for “advice” from your family, asking if they could see you in such or such program. Be careful about asking for too much input from every family member, but in this case, the strategy is to start a more general conversation that gets you engaged with your interests, and not necessarily about the unpredictable future.

Everyone should expect such questions around holiday time, but no need to fear. Remember that at the end of the day, time is on your side. Decision day is still months away and college start date is even further away. Your decisions are personal and you don’t need to justify them to anyone. So kicking the can, turning the question around and being general are all good strategies to alleviate the pressure of this big life question.

For more help with finding the best college path, give us a call to schedule a free consultation today!

Best Regards,

Neal Schwartz, Owner
College Planning of Westchester
[email protected]
914-273-2353 (office)
914-500-5899 (mobile/text)

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