368. College Access and Success News

Here are links to recent news on college access and success.
by
Joe Rottenborn
Executive Director, Mahoning Valley College Access Program (MVCAP)

1. Read The Joe Rottenborn Daily on http://paper.li/rottenbornj

2. Only One in Three Full-Time Students Pays Full Tuition, by Rebecca R. Ruiz: http://nyti.ms/vuXtgU - "In a piece entitled, “College Is Cheaper Than You Think,” Ms. Scott-Clayton, an economics professor at Columbia University, asserts that a school’s sticker price, ever-rising, carries little meaning. She notes that only one-third of full-time students pay a college’s published price, writing: 'For the average full-time student, net tuition – which subtracts grants and tax-based aid – is less than half of the published price at private nonprofit four-year schools and less than a third of the published price at the typical public four-year institution.'"

3. Judith Scott-Clayton: College Is Cheaper Than You Think: http://nyti.ms/vM7IGE - "After accounting for this assistance, net tuition and fees in the public four-year sector, at $2,490, are only $170 higher today (in constant 2011 dollars) than they were five years ago. At private nonprofit four-year institutions, net prices are $500 lower than they were five years ago. And at community colleges, the average student actually faces a negative net price – meaning they receive about $800 more in aid than they are charged in tuition and fees."

4. Part 3: Answers to Your Questions on Scholarships and Student Loans, by Mark Kantrowitz: http://nyti.ms/w1ke0x - "One of the best strategies for cutting college costs is to send your children to an in-state public college. According to the College Board’s Trends in College Pricing2011, the average published charges for tuition, fees, room and board at an in-state public four-year college in 2011-12 is $17,131. This is much less than the $29,657 average for out-of-state public four-year colleges and the $38,589 average for private non-profit four-year colleges. Even if you get no financial aid, you will still save money at an in-state public college. Many public colleges are high quality, yielding an excellent return on the investment in your child’s future."

5. Tax credits for tuition growing rapidly, by Libby A. Nelson Inside Higher Ed: http://bit.ly/toF6Mt via AddThis - "When the American Opportunity Tax Credit took effect in 2009, the tax savings claimed by students and families for college expenses more than doubled, climbing from $6.6 billion to $14.7 billion, according to the College Board’s Trends in Student Aid 2011 report last month. The explosive growth of Pell Grants in the same time period generated discussion, debate and an uneasy consensus that the $37 billion program is unsustainable in its current form. The parallel climb in spending on tax credits has attracted little notice."

6. Annapolis Group survey finds high satisfaction among liberal arts college graduates, by Kevin Kiley Inside Higher Ed: http://bit.ly/w0zs3I - "According to the results, 77 percent of alumni from liberal arts colleges rated their undergraduate experience “excellent,” compared to 59 percent of alumni from private universities and 56 percent from the top 50 public universities. Graduates of Annapolis Group member institutions also reported that their college experience made them better prepared for life after college, career changes, and graduate school than did alumni from other sectors. They also reported being as prepared for their first jobs as alumni from other institutions."

7. Erroneous Pell Grant Payments in 2011 Total $1 Billion Inside Higher Ed: http://bit.ly/syimSh via AddThis - "The Obama administration credits the drop to new measures that linked the Free Application for Federal Student Aid to Internal Revenue Service data, making it less likely that information about students' family income would be entered improperly."

8. No More Excuses: We Can Get All Children Reading, by Robert Slavin - http://blogs.edweek.org/edweek/sputnik/2011/11/no_more_excuses_we_can_get_all_children_reading.html via @educationweek - "The latest NAEP results, released this month, remind us that there are far too many children who do not read well, that disadvantaged and minority children are overrepresented among poor readers, and that the inequalities in academic outcomes by race and class--our most serious social as well as educational problem--begins with reading inequalities in the early grades. Everyone knows that children who don't read well will incur huge expenses over time in remediation, special education, repeated grades, and ultimately delinquency, dropout, and unemployment."

9. 11 States Seek Relief From ‘No Child’ Provisions, in Return for Raising Standards, by Sam Dillon: http://nyti.ms/u5sJqw - "Colorado, Florida, Georgia, Indiana, Kentucky, Massachusetts, Minnesota, New Jersey, New Mexico, Oklahoma and Tennessee asked the department for relief from some No Child provisions, including the requirement that all students be proficient in English and math by 2014."

10. Penn State case presses others on abuse laws, by Marisol Bello and Greg Toppo – http://usat.ly/s1cA1d via @USATODAY - "A key issue likely to be debated in state legislatures is whether reports should go straight to police, and whether new laws are needed to shore up vague guidelines and polices about child safety on campus."

11. Are the SAT and ACT to blame for the inferiority of U.S. schools? by Jay Mathews - http://www.washingtonpost.com/blogs/class-struggle/post/admissions-101-are-the-sat-and-act-to-blame-for-the-inferiority-of-us-schools-compared-to-those-finland-japan-singapore-and-shanghai/2011/11/14/gIQAHKAiMN_blog.html?tid=sm_btn_twitter via Washingtonpost.Newsweek Interactive - "Unlike the SAT and the ACT, the content of the entrance exams in these countries is controlled by the universities and is closely tied to the content of the courses given in senior high school grades. Usually the exams must be scored by human beings since they are full of essay questions."

353. College Access and Success News

Here are links to recent news on college access and success.

by

Joe Rottenborn

Executive Director, Mahoning Valley College Access Program (MVCAP)

1. Obama to offer help for students buried in debt, by Jennifer Liberto - http://money.cnn.com/2011/10/25/news/economy/Obama_student_loan/ via CNNMoney.com - "One of the proposals would push up the start date for more favorable terms on a special loan repayment program based on income, said White House domestic policy adviser Melody Barnes. Another measure would encourage graduates with two or more different kinds of federal loans to consolidate them and get a small break on interest rates. . . . Average student loan debt for the graduating class of 2009 at four-year nonprofit colleges was $24,000, including all private and federal loans, according to the Institute for College Access & Success."

2. See how much debt college will really put you in, by Blake Ellis - http://money.cnn.com/2011/10/26/pf/college_financial_aid/ via @CNNMoney - "Figuring out how much college is going to cost you is about to get much easier.At least that's what the new Consumer Financial Protection Bureau and the Department of Education are hoping to do with a one-page "financial aid shopping sheet." The sheet will clearly break down the amount of aid a student will qualify for at a particular college, as well as how much debt they will end up with once they graduate."

3. College costs climb, yet again, by Kim Clark - http://money.cnn.com/2011/10/26/pf/college/college_tuition_cost/ via @CNNMoney - "The sticker price of studying and living on campus at the average public university rose 5.4% for in-state students, or about $1,100, to $21,447 this fall, the College Board estimated. . . . The sticker price of living and studying for a year at a typical private college rose 4.3% to $42,224 this year."

4. Tuition and fees rise more than 8% at U.S. public colleges, by Mary Beth Marklein – http://usat.ly/tL8dPk via @USATODAY - "That increase is more than double the inflation rate of 3.6% between July 2010 and July 2011. Family earnings dropped across all income levels. And state funding per student declined by 4% in 2010, the latest year available, and 23% over the past decade, the report says."

5. Obama proposes changes to student loan programs, by Libby A. Nelson Inside Higher Ed: http://bit.ly/vkz5l3 via AddThis - "The majority of borrowers affected will be students who borrowed money under both the Federal Family Education Loan Program, when banks issued federal student loans and collected government subsidies, and the Direct Loan Program, under which the federal government lends money directly to students.The government began originating all loans through direct lending in 2010, when a provision to eliminate bank-based student lending was included in the administration’s health care overhaul. But many students who were enrolled at the time of the change have loans in both programs, meaning they make two payments."

6. Reports find student aid shift from states to federal government, by Kevin Kiley Inside Higher Ed: http://bit.ly/tkwJXL via @AddThis - "Sandy Baum, a policy analyst for the College Board and co-author of the reports, said the federal government is stepping in to fill a financial void created by states' decreased ability and willingness to fund public colleges and universities. “In a way, the burden of paying for higher education is shifting from the states to the federal government,” she said."

7. NCAA data show more athletes graduating from college, by Allie Grasgreen Inside Higher Ed: http://bit.ly/tHDuCL via @AddThis - "The two sports of greatest concern are also the ones that bring in the most money. While the football and men’s basketball graduation success rates this year either rose slightly or stayed steady, the rates are still significantly lower than the overall NCAA average of 82 percent. Male basketball players are graduating at a rate two points higher this year, at 68 percent, while the football GSR dropped 0.6 points to 68.6 percent."

8. Solving the Nation's Dropout Crisis, by Russell W. Rumberger, Education Week - http://www.edweek.org/ew/articles/2011/10/26/09rumberger_ep.h31.html - "Past efforts to solve the nation’s dropout crisis have largely been unsuccessful. Government agencies and private foundations have collectively invested billions of dollars in dropout-prevention programs, comprehensive school reform models, and new charter schools. The Bill & Melinda Gates Foundation alone invested more than $2 billion in small high schools, yet research has identified few effective models. In a 2008 review of 22 dropout-prevention programs, the federal government’s What Works Clearinghouse did not find a single program proven to raise high school graduation rates, which is stunning."

9. Hechinger Report Companies, nonprofits making millions off teacher effectiveness push, by Sarah Garland: http://hechingerreport.org/content/companies-nonprofits-making-millions-off-teacher-effectiveness-push_6582/#.TqgVLnjBHSY.twitter via AddThis - "New education reforms often translate into big money for private groups. Following the 2001 No Child Left Behind Act, states paid millions of dollars annually to companies to develop and administer the standardized tests required under the law. Companies also cashed in on a provision mandating tutoring for students at struggling schools. . . . In Florida, the state paid Houghton Mifflin Harcourt, a for-profit textbook publisher, $4.8 million to develop classroom observation methods and nearly $4 million to the American Institutes for Research, a nonprofit, to create a value-added model for grading teachers based on student test scores, according to state officials."

10. Irish Student-Athletes Again Rank Number One In 2011 NCAA Graduation Success Rates - UND.COM - Univ - http://www.und.com/genrel/102511aaa.html

11. Post Your Questions on the New Student Loan Developments, by Ron Lieber: http://nyti.ms/rGFakB - "On Wednesday, President Obama plans to announce a number of changes in the federal student loan program. The initiatives will allow people to consolidate federal loans in new ways and also make the repayment program that is based on borrowers’ incomes more generous. The White House has outlined some of the changes on its Web site. What questions do you have about how all of this will work?"

12. Counseling Parents, With Some Help From a New Calculator, by Beckie Supiano -http://chronicle.com/blogs/headcount/counseling-parents-with-some-help-from-a-new-calculator/29091 - "When prospective students visit campus, Mr. Gudvangen has found that most of the questions about paying the bill come from parents, since they’re the ones who understand the family’s financial position. “This is an odd time in families’ lives,” he says. “At some point, students probably need to know these things, but they probably don’t as high-school seniors.”

13. Rise in Sticker Price at Public Colleges Outpaces That at Private Colleges for 5th Year in a Row, by Beckie Supiano - http://chronicle.com/article/Rise-in-Sticker-Price-at/129532/ - "For the fifth year in a row, the percentage increase in average published tuition and fees at public four-year colleges was higher than it was at private ones, according to the report, "Trends in College Pricing 2011." The report, released on Wednesday, examines annual changes in colleges' sticker prices, as well as the net prices students pay after grant aid and tax benefits are considered. A companion report, "Trends in Student Aid 2011," looks at the money that helps students meet those growing prices. (The pricing report looks at data through this academic year, while the student-aid report has information through 2010-11.)"

14. Institutions Charging More Than $50K for Tuition, Fees, Room, and Board -http://chronicle.com/article/Sortable-Table-Institutions/129527/ - "The 50K club is getting crowded: 123 institutions now charge $50,000 or more for tuition, fees, room, and board, according to data released by the College Board. That's up from last year, when 100 colleges and universities charged that much.Here are the institutions charging $50,000 or more:"

15. College Prices Up as States Slash Budgets, by Justin Pope - http://ti.me/uvSV9C via Time.com - "The states cut budgets, the price goes up, and the (federal) money goes to that," said Patrick Callan, president of the National Center for Public Policy and Higher Education. "For 25 years we've been putting more and more money into financial aid, and tuition keeps going up. We're on a national treadmill."

16. Ravitch: ditch NCLB, not tinker with it -http://www.washingtonpost.com/blogs/answer-sheet/post/ravitch-congress-should-ditch-nclb-not-tinker-with-it/2011/10/25/gIQAtgkmHM_blog.html?tid=sm_btn_twitter via @washingtonpost -

"The federal government does not know how to reform schools. Period. Congress doesn’t, and the U.S. Department of Education doesn’t. The fundamental role of the federal government should be to advance equality of educational opportunity. That’s a tall order. Congress should revive the commitments made in 1965, when the Elementary and Secondary Education Act was passed: To use federal resources on behalf of the neediest students; to protect the civil rights of students; to conduct research about education; to report on the condition and progress of American education."

253.Unstack the Odds--GO TO COLLEGE: LINKS

Unstack the Odds: Help All Kids Access College—and Graduate!

by
Joe Rottenborn
Executive Director, Mahoning Valley College Access Program (MVCAP)
20. GO TO COLLEGE: LINKS

Here are some more links to articles of interest, drawn from the Mahoning Valley College Access Program (MVCAP) blog, with the original posting number shown.

Cost (continued):

58. Shopping for Student Loans
Before a student takes out loans to pay for college, he or she and their family should investigate available options. Specifically, they should consider the kinds of loans offered as well as interest rates and repayment obligations. To become aware of these possibilities, read the blog-post by Lynn O'Shaughnessy entitled "Find the Right Student Loan" at this link: http://moneywatch.bnet.com/saving-money/blog/college-solution/find-the-right-student-loan/371/?tag=col1;blog-river

59. How Much Should a Student Borrow for College?
A question students ask in regard to college loans is "How much should I borrow?" With the hazards of loan-debt so publicized today, this is an important question to ponder. Lynn O'Shaughnessy addresses this issue in her blog-post "College Debt: Don’t Borrow More Than $27,000" at this link:http://moneywatch.bnet.com/saving-money/blog/college-solution/college-debt-dont-borrow-more-than-27000/1521/?tag=col1;blog-river

60. How Much Should Parents Borrow for College?
Even after considering all elements a student may receive in his/her financial-aid package, they may still need more money to pay for a particular college or university. In that case, parents often consider taking out loans to assist their child. However, how much parents should borrow is often not addressed. Lynn O'Shaughnessy confronts this issue in her blog-post "College Loans: How Much Should Parents Borrow?" at this link: http://moneywatch.bnet.com/saving-money/blog/college-solution/college-loans-how-much-should-parents-borrow/1510/?tag=col1;blog-river

61. Do Many Students Take Out College Loans?
Borrowing to pay college expenses is becoming a necessity for more students. The percentage of students who have college loans is growing, as Lynn O'Shaughnessy discusses in her blog-post "The Soaring Popularity of College Student Loans" at this link: http://moneywatch.bnet.com/saving-money/blog/college-solution/the-soaring-popularity-of-college-student-loans/545/?tag=col1;blog-river

62. Discounts for College Tuition
Many private colleges and universities give students a cut in the price they must pay to attend. This practice, called "discounting," comes through the financial-aid package granted--which may amount to several thousand dollars and can enable a student to afford that school. The extent of these discounts and reasons for them are addressed by Lynn O'Shaughnessy in her blog-post "College Tuition: Schools Cutting Prices at Historic Levels" at this link:http://moneywatch.bnet.com/saving-money/blog/college-solution/college-tuition-schools-cutting-prices-at-historic-levels/1905/?tag=col1;blog-river

63. Unusual Scholarships
From time to time, you'll hear someone say this: "There are lots of scholarships out there!" Unfortunately, many of them stay out there--rather than in some student's pocket. Nonetheless, there do exist scholarships that are, in fact, awarded for unusual reasons--sometimes, unrelated to academics. Jilian Mincer wrote in The Wall Street Journal of April 16, 2010, about such scholarships in an article entitled "If You're a Tall Vegan Named Zolp, Your Tuition Worries Are Over." You can read her account at this link: http://online.wsj.com/article/SB10001424052702304198004575172073856320424.html?KEYWORDS=If+you%27re+a+tall+vegan+named+zolp

64. Who Borrows the Most?
Borrowing for college is an important issue today, as student loan-debt increases--sometimes to scary levels. To read a report by Sandy Baum and Patricia Steele for The College Board entitled "Who Borrows Most? Bachelor's Degree Recipients with High Levels of Student Debt," click this link:http://advocacy.collegeboard.org/sites/default/files/Trends-Who-Borrows-Most-Brief.pdf

To read Lynn O'Shaughnessy's highlights of this report, check out her blog-post: http://moneywatch.bnet.com/saving-money/blog/college-solution/college-debt-12-facts-about-student-loan-borrowers/1961/?tag=col1;blog-river

69. Government or Private Loans?
Students and their parents who need to borrow to pay for college should research their options for loans--specifically, whether they are better off taking out federal student loans or private loans. More than simply interest rates and terms of repayment are involved in this consideration. To see some comparisons between government and private loans, read the post by Sandra Block on May 4, 2010, in USA Today at this link:http://www.usatoday.com/money/perfi/columnist/block/2010-05-04-yourmoney04_ST_N.htm?loc=interstitialskip

71. Still Need Money For College?
If you're still seeking money to pay for college, read Kim Clark's "11 Steps to Raise Last-Minute Cash for College," posted April 29, 2010, at the US News & World Report online site; just click this link:http://www.usnews.com/articles/education/paying-for-college/2010/04/29/11-steps-to-raise-last-minute-cash-for-college.html

73. Plan B
Sometimes, a student's college plans fall through--because of finances, an emergency in their family, or other reasons. Then, he or she needs a Plan B--to still attend college, though under different circumstances, perhaps, than they had previously envisioned. If that's your situation, you may be interested in reading the May 6, 2010, post "When college dream derails, time for Plan B," by William Hageman in the Chicago Tribune, at this link: http://www.kansascity.com/2010/05/05/1927547/when-college-dream-derails-time.html#ixzz0nGnv7O3M

78. Interest Rates Vary for Private Student Loans!
Students--and their parents--often have to borrow money to pay for college. Despite taking out all federal student loans for which they qualify, some still consider private student loans. To get the best (lowest) rates of interest on these loans, shop around! In a blog-post, dated 5/14/10, Lynn O'Shaughnessy states: "The interest rates that lenders offer on private student loans are wildly different even for borrowers with the same credit scores." To read her entire post, click this link:http://moneywatch.bnet.com/saving-money/blog/college-solution/private-student-loans-the-good-bad-and-ugly/2078/?tag=col1;blog-river

80. How to Get More Financial Aid
Perhaps the most frequent question students and parents ask about paying for college is "Do you know of any scholarships out there?" What they're really wondering is how can I get more--and pay less--to attend college. Financial aid can help. But to maximize a student's financial-aid package, some tips may be useful. Jane J. Kim wrote an article in The Wall Street Journal on May 22-23, 2010, that offers such advice; you can access it at this link:http://online.wsj.com/article/SB10001424052748703612804575222303415618316.html

81. Athletic Scholarships Can Be Revoked.
What many student-athletes and their parents often don't realize is that Division I "full-ride" scholarships can be revoked after one year. This revocation can cause students to have to "walk on"--or, if they decide to, transfer to another institution. For more information, click this link to an article by Alan Scher Zagier on The Huffington Post: http://www.huffingtonpost.com/2010/05/24/revoked-scholarships-surp_n_586854.html

83. Paying Off Federal Student Loans

If you accept federal student loans, you're obligated to repay them--whether you graduate from college or not. Consequently, you should limit the amout of loan-debt you acquire. For information on repaying your federal loans, see this article, dated May 25, 2010, by Sandra Block in USA Today, at this link: http://www.usatoday.com/money/perfi/columnist/block/2010-05-25-yourmoney25_ST_N.htm?loc=interstitialskip

84. Sticker Price vs. Net Cost of a College
Often, students and parents are scared off from applying to a particular college or university because it seems high-priced. Rather than focusing on the stated "sticker price," however, a prospective applicant needs to determine their own "net cost"--that is, what they would have to pay after all financial aid for which they are eligible has been deducted from the published cost of attendance (i.e., "sticker price"). To read Lynn O'Shaughnessy's post on this issue, click this link to her blog:http://moneywatch.bnet.com/saving-money/blog/college-solution/biggest-financial-aid-myth-i-cant-afford-this-college/2143/?tag=col1;blog-river

85. Federal Direct Loan Program
The Health Care and Education Reconciliation Act of 2010, which takes effect July 1, 2010, requires that all federal student loans be offered through direct lending rather than from private lenders. Government fees previously paid to lending banks are to be used to expand the federal Pell Grant program, raising the full grant-award to an estimated $5,975 by 2017. To read an explanatory article, dated May 26, 2010, by Caralee Adams in Education Week, click this link:http://www.edweek.org/ew/articles/2010/05/26/33college.h29.html?tkn=UXUFeF%2Bl%2BNo%2BoNZRjwa8Sz4pGgHC6QMrLm8o&cmp=clp-edweek

86. Who is to Blame for Student Loan-Debt?
When a student graduates from college with a huge loan-debt, people may ask: "Who is to blame?" You can decide responsibility after reading this case study by Ron Lieber in The New York Times of May 29, 2010, at this link:http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html?hpw

97. New Rules on Federal Student Loans
Effective July 1, 2010, new rules go into effect for those taking out federal student loans. Now, only the U.S. Dept. of Education will offer these loans. In addition, interest for subsidized Stafford loans will decrease to fixed rate of 4.5% for undergraduates. The federal Parent Loan for Undergraduate Students (PLUS) will have a fixed rate of 7.9%. For other information on these loan changes, see the article "Student Loans Get a Makeover," by Jane J. Kim in The Wall Street Journal of July 3-4, 2010, at this link: http://online.wsj.com/article/SB10001424052748704334604575338883122321008.html
98. Yearly Cost of College Per Student

The cost per year to educate a college student can be expensive. And that cost varies, depending on the type of educational institution. For example, U.S. community colleges spend almost $10,000 per year, while private research universities spend $35,000 per year; the average cost in the United States is about $19,000 per student. For these and other data, see the article "Share of College Budgets For Recreation Is Rising," by Sam Dillon in The New York Times of July 10, 2010, at this link:http://www.nytimes.com/2010/07/10/education/10education.html?ref=tuition

220.Unstack the Odds--Cost, Part 2

Unstack the Odds: Help All Kids Access College—and Graduate!

by

Joe Rottenborn
Executive Director, Mahoning Valley College Access Program (MVCAP)

11. Cost, Part 2

Often, students and parents are dissuaded from applying to a particular college or university because it seems high-priced. As Lynn O'Shaughnessy said in her post on this issue, “For lots of families that’s nonsense. Published college costs are meaningless. Most families face college expenses that are much lower than a school’s sticker price.” Per O’Shaughnessy, “A new study of recent college applicants illustrates just how widespread the sticker price myth is. Fifty nine percent of students said they only looked at college price tags when deciding which schools they should send applications. According to the Student Poll, which was produced by the College Board and Art & Science Group, a higher-ed consulting firm, only 28% of applicants considered the net cost of college. That’s the actual cost that families pay after they receive grants and other financial aid.” (Lynn O’Shaughnessy, “Biggest Financial Aid Myth: I Can’t Afford This College,” CBS MoneyWatch, May 25, 2010.) http://moneywatch.bnet.com/saving-money/blog/college-solution/biggest-financial-aid-myth-i-cant-afford-this-college/2143/?tag=col1;blog-river

Therefore, instead of focusing on the stated "sticker price," a prospective applicant needs to determine his or her own "net cost"--that is, what they would have to pay after all financial aid for which they are eligible has been deducted from the published cost of attendance. Indeed, the only line that should matter to students regarding college is the bottom line (i.e., net price): how much they’ll have to pay after all financial aid (need-based and merit) is subtracted from a school’s total cost of attendance.

By October 29, 2011, the federal government requires that all colleges and universities which participate in its financial-aid program have posted a net-price calculator on their school’s website. A requirement of the Higher Education Opportunity Act of 2008, these calculators will need two parts, according to the U.S. Department of Education website:
“The Department’s template is made up of two components: (1) the institutional data maintenance application and (2) the user application. In the first component, institutions input the following data:
· Price of attendance
· Median amounts of grant and scholarship aid awarded to, and accepted by, first-time, full-time degree/certificate-seeking students by EFC range

In the second component, users are asked nine questions to establish the following:
· Their dependency status
· Their estimated cost of attendance
· Approximated EFC.”

The website explained that “The template uses a “look-up” table populated with data from the FAFSA applications database to identify a median EFC. Median EFC is then matched with the median grant and scholarship aid amount entered by the institution for the corresponding EFC range to determine the student's estimated amount of total grant aid. Estimated net price is calculated by subtracting estimated total grant aid from the estimated total price of attendance.” (“Net Price Calculator Requirement,” National Center for Education Statistics—Integrated Postsecondary Data System website.) http://nces.ed.gov/ipeds/resource/net_price_calculator.asp

An early examination of these calculators, done in the spring of 2011, noted the following:

“By providing estimates for cost of attendance, grant aid, and net price (defined as cost of attendance minus grant aid), those calculators are intended to ‘help current and prospective students, families, and other consumers estimate the individual net price of an institution of higher education for a student.’ Net price calculators will provide individualized results, based on the student’s family, financial, and other circumstances.” (Adding It All Up: An Early Look at Net Price Calculators," The Institute for College Access & Success, March 2011, p. 4.) http://ticas.org/files/pub/adding_it_all_up.pdf

Interestingly, the University of California schools have offered calculators on their websites since 2008. These devices, called “financial aid estimators,” ask 11 questions of applicants and satisfy the federal mandate. (Kathleen Pender, “College websites adding net price calculators,” SFGate, March 24, 2011.) http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/03/23/BU9P1IHVFV.DTL

126. 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. A Time of Urgency, by Freeman A. Hrabowski III - Inside Higher Ed: http://bit.ly/bNqGXs

"Many might be surprised that underrepresented minorities aspire to earn STEM degrees at roughly the same rate as other groups. However, only about 20 percent of underrepresented minority students complete undergraduate STEM programs within five years. And while white and Asian American students are more successful, their completion rates are also troubling, with only 33 and 42 percent of those students, respectively, finishing STEM degrees in five years. The country is struggling to remain globally competitive in science and technology. Retaining and graduating undergraduates of all races in STEM fields is clearly an American issue."

2. Learning From For-Profits - Inside Higher Ed: http://bit.ly/9yF55R

"While panelists at TIAA-CREF mostly dodged or ignored the inner-Beltway debate, a noted news personality gave her two cents. Speaking at a post-conference dinner in the aristocratic confines of the University Club, Cokie Roberts, senior news analyst at NPR, predicted that Democratic lawmakers, in particular, will be reluctant to take on a sector with such clear ties to one of the nation’s most powerful newspapers. The Washington Post Co., which owns the newspaper, also owns Kaplan University, among other for-profits. “But I have to tell you, the biggest objection to [regulation] has come from the fact that The Washington Post would go out of business if Kaplan went out of business – yes, I see Peter Smith waiving,” Roberts said with a chuckle. “Because The Washington Post money all comes from Kaplan and the Democrats don’t want The Washington Post to go out of business, so I think there are a lot of forces militating against those rules at the moment.”

3. Wising Up on STEM Completion - Inside Higher Ed: http://bit.ly/903NgE

‎"According to NSF statistics cited in the AAUW report, despite the fact that women make up the majority of college students generally, only 88,371 of them graduated in STEM fields in 2007, compared to 138,874 of their male counterparts. In 2007, men outnumbered women in science and engineering careers, 73 percent to 27 percent. Gender biases -- conscious and unconscious -- often hinder women’s progress in these fields, the report says."

4. Harnessing Social Media - Inside Higher Ed: http://bit.ly/9bNYwW

"But a new study, scheduled to be released next week by the Journal of Computer Assisted Learning, suggests that using Twitter in class might in fact lead to greater engagement and higher grades — as long as professors harness their students’ urges to Tweet for “educationally relevant activities”: class discussions, asking questions, getting reminders from instructors, organizing study groups, and so on. The students in the experiment, first-year pre-health majors (and Twitter novices), varied widely as far as how frequently they tweeted over the course of the 14-week semester — the median was 30 times and the mean was 48 — but overall their GPAs averaged half a point higher than those of the non-tweeting control group. "Using Twitter produced a more rich discussion of students' relationships to themes covered in the book than would have been possible during the limited class time,” write the study’s authors, researchers at Lock Haven University, South Dakota State University, and Penn...."

5. College leaders work to increase interest in humanities, by Tracy Jan - http://b.globe.com/bUXKv2

‎"Today, business is the most popular undergraduate degree in the United States; in 2008, 21 percent of bachelor’s degrees that were awarded were in that field, according to US Department of Education statistics. And many colleges, including Brandeis this year, have responded by expanding their majors in preprofessional fields like business. At Harvard, a liberal arts bastion that does not offer undergraduates a business major, the most popular field of study is economics, with more than 700 students choosing that as a major. That accounts for 11 percent of its undergraduates and more than three times the number of English or history majors. And the number of Harvard students who declare science and engineering majors has jumped 27 percent in the past five years — now making up nearly a third of the university’s undergraduates. “That’s a real shift from seeing an undergraduate education as general preparation in a wide range of fields. . . ."

6. Failure to educate, by Junia Yearwood - http://b.globe.com/dz8Hmo

"I knew that most of my students who walked across the stage, amidst the cheers, whistles, camera flashes, and shout-outs from parents, family, and friends, were not functionally literate. They were unable to perform the minimum skills necessary to negotiate society: reading the local newspapers, filling out a job application, or following basic written instructions; even fewer had achieved empowering literacy enabling them to closely read, analyze, synthesize, and evaluate text.However, they were all college bound — the ultimate goal of our school’s vision statement — clutching knapsacks stuffed with our symbols of academic success: multiple college acceptances, a high school diploma; an official transcript indicating they had passed the MCAS test and had met all graduation requirements; several glowing letters of recommendation from teachers and guidance counselors; and one compelling personal statement, their college essay."

7. 5 Student Loan Repayment Tips, by Lynn O'Shaughnessy http://t.co/JsGd7Tk

"The Project on Student Debt just released a list of ways that borrowers can manage their student loan repayments. Here are five of the nonprofit group’s student debt tips:"

8. The Real Price of College: Looking Beyond the Sticker http://chronicle.com/blogs/innovations/the-real-price-of-college-looking-beyond-the-sticker/27769

‎"Over the decade from 2000-01 to 2010-11, average published tuition and fees at public four-year colleges rose 72% after adjusting for inflation. The 35% increase at private four-year colleges and the 31% increase at public two-year colleges seem moderate by comparison. But after subtracting estimated average grant aid and federal tax credits and deductions received by full-time students, the net price actually declined in each of these three postsecondary sectors. In other words, on average the net tuition and fees students are paying are lower in 2010 dollars than they were a decade ago.So it’s not surprising that there are two very different stories out there about the price of college and college affordability. Why is it so hard for people to believe the numbers about declining net prices?"

9. Going SAT- Free - http://bit.ly/cXwO3e

"Not only do all four-year colleges that require a standardized test—including Harvard and Yale—let applicants choose between submitting SAT and ACT scores (the last school made the change in 2007), but a growing number of competitive institutions including Smith College, Wake Forest, American University, Bowdoin College, Bates College, and, most recently, Virginia Wesleyan, have decided to forgo standardized tests altogether. Today, about 830 of the country’s 2,430 accredited four-year colleges do not use the SAT or ACT to admit the majority of applicants. (Some schools require a test if you have a low GPA or class rank.) “Colleges are trying to increase the number of applicants and diversify their population,” says Kristen Campbell, executive director of college-prep programs for Kaplan Test Prep."

84. Sticker Price vs. Net Cost of a College

Often, students and parents are scared off from applying to a particular college or university because it seems high-priced. Rather than focusing on the stated "sticker price," however, a prospective applicant needs to determine their own "net cost"--that is, what they would have to pay after all financial aid for which they are eligible has been deducted from the published cost of attendance (i.e., "sticker price"). To read Lynn O'Shaughnessy's post on this issue, click this link to her blog:

http://moneywatch.bnet.com/saving-money/blog/college-solution/biggest-financial-aid-myth-i-cant-afford-this-college/2143/?tag=col1;blog-river