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Wednesday, November 3, 2010

123. MVCAP fyi

See free MVCAP e-books on college admissions and financial aid for sharing, printing, and downloading at our online resource library: http://issuu.com/mvcap

1. Check Every Word Before Hitting 'Send,' by Caren Osten Gerszberg - http://nyti.ms/aTZCGN

‎"There is an option to upload and attach the personal essay document to the application, but for the short answer, Nicole needed to cut the text from her Word document and paste it into the application’s limited space (“limited” being the critical word here). We put in the payment information. She hit SEND. “Congratulations,” I said. “You’ve officially applied!” But then, I looked at the printout we’d made and noticed the last line of her short-essay answer, which ended abruptly, midsentence. It had been cut off on the application.“Nicole? What’s this?” I muttered.“Oh no!” she said, panicked. Apparently, her short answer had exceeded the 150-word limit by 12 words, and had somehow gone unnoticed."

2. No Curveballs for Higher Ed - Inside Higher Ed: http://bit.ly/cghJJQ

"In the House, Republicans are expected to push for budget cuts and greater oversight of all of higher education, not just for-profit colleges. In the Senate, Senator Tom Harkin (D-Iowa) will continue the Health, Education, Labor and Pensions Committee’s examination of for-profit colleges into next year. Harkin and Senator Richard Durbin (D-Ill.) have said they plan to introduce legislation in 2011 targeting perceived waste, fraud and abuse in for-profit higher education."

3. Shift in the Statehouses - Inside Higher Ed: http://bit.ly/b0WsTm

‎"Early Wednesday morning, television networks projected that Strickland had been defeated by his Republican opponent, John Kasich, a former Ohio Congressman with a reputation as a deficit hawk. In many ways, given the constrained budget picture in Ohio, that trait of Kasich's may ultimately be more important than whether he will continue the agenda undertaken by Strickland and his hand-picked chancellor of the new University System of Ohio, Eric Fingerhut -- an agenda of performance-based budgeting and reorganization that has won plaudits nationally. In addition to the reforms, Strickland has prioritized colleges in state funding decisions, viewing higher education as essential to Ohio's (and Ohioans') economic future -- an example few expect Kasich to follow."


"According to Campus Grotto, the price of year's worth of dining hall meals and campus roof over one's head increased by 3.9 percent and 4.6 percent for private and public institutions, respectively. On average, public school students pay $8,535 for college housing; private school students must cough up $9,700. So at which schools must you reach the furthest into your pocket to pay for a standard double room? When taking into account Campus Grotto's new list of the 20 most expensive college dorms, odds are the school will be in an urban setting in New York or California. Surprised?"


"Launched in 2008, for-profit online college course provider StraighterLine, Inc. is starting to capture media attention with its offer of general education courses for as low as $138 per month -- or $999 for a first-year course load. According to the Baltimore Sun, StraighterLine differentiates itself from other inter...net-only institutions because it does not offer degrees -- rather, it sells courses that most universities require, and encourage students to transfer credits earned via its website to more traditional institutions."

6. 25 Most Expensive Colleges in America, by Lynn O'Shaughnessy http://t.co/WtpanXT

‎"Brace yourself, college costs are continuing to rise. Two years ago, five colleges smashed the $50,000 barrier, but today 100 colleges are now charging $50,000 or more.Using new College Board data, The Chronicle of Higher Education compiled a list of the nation’s 100 most expensive colleges. You can find the complete list of the most expensive colleges on the newspaper’s site, but here are the top 25 colleges and universities that have broken the $50,000 mark."

7. Smallest College Endowments Perform Best, Study Finds, by Tamar Lewin http://www.nytimes.com/2010/11/03/education/03brfs-SMALLESTCOLL_BRF.html?_r=1&hpw

"College endowments returned an average of 12.6 percent in fiscal 2010 — and, unusually, the smallest endowments performed better than the largest ones, according to preliminary data from 80 colleges and universities gathered for the comprehensive Nacubo-Commonfund Study of Endowments to be released in January. According to the data, institutions with assets under $25 million had an average return of 14.1 percent, compared with 12.3 percent for those with assets over $1 billion. Smaller endowments tend to be invested more than larger ones in traditional assets such as domestic equities, which performed well in the rebound from the previous year’s sell-off, and fixed income, which benefited from declining interest rates."


"Seventy percent of California's degree-seeking community college students failed to earn a credential or degree -- or to transfer to four-year universities -- within six years, concludes a new study. Most students drop out quickly, reports the Institute for Higher Education Leadership & Policy and the Campaign for College Opportunity. Between 2003 and 2009, only 40 percent of students earned at least 30 college credits, which is considered "the minimum needed to provide an economic boost in jobs that require some college experience," reports the LA Times.Blacks and Latinos did worse: Only 26% of black students and 22% of Latino students had completed a degree or certificate or transferred after six years, compared to 37% of whites and 35% of Asian Pacific Islanders. Students fail because they're not prepared for college-level reading, writing and math. Many are juggling jobs and family responsibilities too, of course, but college readiness is the make-or-break issue."

9. For-Profit Colleges Curry Favor With Candidates for State Offices, by Eric Kelderman http://chronicle.com/article/For-Profit-Colleges-Curry/125224/

"Among for-profit colleges, the Apollo Group, which owns the University of Phoenix, has been the most generous to state candidates, according to data from the National Institute on Money in State Politics, a nonprofit organization that tracks state-level campaign contributions. The Phoenix-based company, along with a few of its key employees, has poured nearly $350,000 into state campaigns during the current election cycle, with roughly two-thirds of that amount going to campaigns in Arizona and California. Those contributions are meant to build the companies' influence among lawmakers who could have the greatest impact on future proposed regulations, in particular, new state laws and regulations that authorize for-profit and online institutions to operate in a state. Under new federal rules, which take effect next year, some colleges will have to be approved to operate in a state in order for its students to receive federal financial aid."

10. Republican Gains in Congress Could Temper For-Profit Inquiry, by S. Hebel and K. Kiley-http://chronicle.com/article/Republican-Gains-in-Congress/125233/

"The outcome is expected to have a more-immediate effect on the fight over for-profit colleges than on any other federal higher-education policy debate. Having reclaimed the House of Representatives, Republicans could block bills aimed at for-profits and attempt to overturn the administration's proposed "gainful employment" rule, which would penalize programs whose graduates carry unmanageable levels of debt. Republican leaders have said they want to focus on scrutinizing the outcomes and costs of all types of colleges, not just those in the for-profit sector, shifting attention from problems at proprietary institutions alone to issues facing higher education as a whole.Yet even the most sanguine of the sector's supporters acknowledge that the Republican takeover of the House won't be a panacea for for-profit institutions. Since Democrats have held onto the Senate, they can continue their investigation into for-profit colleges and thwart any Republican effort. . . ."

11. Career Education Corp. Could Pay $40 Million to Settle Lawsuit Filed by Culinary Students http://chronicle.com/article/Career-Education-Corp-Could/125231/

"Career Education bought the college in 1999. A 2007 story in SF Weekly described a litany of student concerns about the pricey institution, where tuition for a 15-month program can run about $50,000 and where, according to the article, students could graduate without knowing how to julienne vegetables or make a simple consommé. Ray Gallo, the lawyer for Allison Amador, the former student who along with 36 others first brought the lawsuit, said the amount of damages awarded to current or former students would depend on their particular circumstances—such as how long they were enrolled, what program they took­, and how much they paid—and how many of the 8,500 students ultimately elect to take part in the settlement, if the judge approves it. The $40-million includes fees for the plaintiffs' lawyers."

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