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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.

WHY HIGH SCHOOL INTERNSHIPS ARE THE NEXT TREND

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  • User AvatarNeal Schwartz
  • 04 Feb, 2022
  • 0 Comments
  • 2 Mins Read

WHY HIGH SCHOOL INTERNSHIPS ARE THE NEXT TREND

The word “internship” evokes a couple of associations, and one of them is “college.” College students often intern in fields related to their major to have a competitive advantage in the work force. Internship experiences vary, of course, from administrative busywork to concrete collaboration and projects. Now, high schools are catching on to the advantages of internships at an even earlier age, some even making high school internships a requirement.

In the past, high school internships were rarely even considered, college internships being the norm. In college, students are expected to be more mature and therefore more capable of thriving in a professional context. However, times are changing.

If we consider the context, today’s high schoolers are much more “entrepreneurial” than previous generations, thanks to the rise of YouTube, Instagram and startup culture. So they are well-positioned to be even more receptive to practical work experiences, especially in companies or organizations with a cause. In a world where jobs are being eliminated, changed or completely re-imagined, internship experience can be critical to foster professional skills that will serve students in the ever-changing future.

Even if your high school doesn’t yet offer internships, extracurricular activities can and should also include professional experiences. When planning for college, it’s just as important to have experiences that will boost your resume as to have those that will help you find your path. Internships work two-fold, and students should be thoughtful about choosing companies where they know they’ll be doing useful work and having interesting conversations.

For parents that didn’t grow up with internships as a high school, or even college possibility, there maybe some old school thought involved. Specifically, what is the difference between a part-time job and an internship? I can hear my Dad telling me that it would be good to “get a job—work someplace!”. There is certainly a lot of value to working in a supermarket, a restaurant, or at a florist. In fact, I know of a current Harvard student who impressed me with her dishwashing experience on her resume. But, it’s helpful to distinguish internships from work. An internship should include a specific learning objective.

It’s also important to keep an open mind. You might not find your dream internship from day one, but it could be a doorway or an even better learning experience. For example, future film makers might be seeking internships at top production studios, but where interns are undervalued. In reality, interning at a small, local music venue might give you more insight into the industry and about the potential role you’d like to pursue.

When it comes to high school internships, ask questions to your co-workers and try to challenge yourself beyond simple administrative tasks. Ask questions about what your co-workers actually do on a daily basis, and what they like and dislike about their jobs. Curious interns will always make a better impression and be better positioned in the professional world.

For more information on extracurriculars and activities to boost your resume, 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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