Thursday, October 27, 2005

Congressional Bill May Affect Student Aid

The Congressional Education and Workforce committee approved a bill yesterday that will cut federal financial aid expenditures by $14.5 billion over the next five years. Under the Bill, funds for three federal aid programs - Perkins Loans, Federal Work-Study, and Supplemental Educational Opportunity Grant - will be redistributed to colleges currently serving larger proportions of low-income student. The proposed bill will also affect federal student loan programs, increasing student loan origination fees from 1.5 percent to 3.5 percent. Most of the cuts, however, will come from reduced government subsidies to the banks and other parties in the guaranteed student loan program. The bill is an attempt to update current formulas for campus-based student aid that were set in the 1970's and to meet the budget cuts mandated by Congress in April.

Last month, the Senate Committee on Health, Education, Labor and Pensions has also approved a bill that would reduce expenditures on federal loan programs by $12 billion. That bill, however, provides $5.5 billion in "temporary" grant programs for low income families and college juniors and seniors in science, mathematics, and foreign language programs.

Both bills are closely tied to passage of the Higher Education Act later this year and their ramifications for financial aid - and students - may undergo some change.
However, smart college hunters will be wise to keep an eye on this legislation over the next few months.

Links for more information:

Congressional Committee on Education and the Workforce Plan Adobe reader required.


Text of higher education budget reconciliation act of 2005
Adobe reader required.

'Cuts' or 'Savings' for Student Loans?

The Screw Turns in the Senate

College students worry about cuts in financial aid

College Presidents Tell Congress: Stop the Raid on Student Aid

Essay Advice

Seniors slogging through the college essay writing process might want to read an excellent article written by Karen Mason, a Wyomng college guidance counselorMake Personal Statement on College Essays. Mason notes that colleges aren't looking for a dry formal piece of writing as the word "essay" implies; rather they're looking for a personal statement that focuses on "some aspect of a student's life not readily apparent from the activites listed in the application or the courses identified on the transcript." In short, Mason says the best college essays help college admissions committees get to know you as a person.

Wednesday, October 26, 2005

NAACP College Workshops this weekend

The NAACP, in conjunction with the Sallie Mae Fund and the Princeton Review, will be offering free college prep workshops this Saturday in 19 cities. The workshops will include seminars on applying to college, financial aid, and test prep.
Link: NAACP National Day of College Prep

Monday, October 24, 2005

U of Kentucky Seeks to Boost Diversity

In its efforts to attract more African American students, the University of Kentucky has annoounced a major change in its admissions policy. Essays emphasizing diversity issues will now be added to the university's application process, which formerly only considered test scores and high school grades. "We want to look beyond test scores, at all of the things that make up a person," the university's assistant provost for enrollment management said in an article in Inside Higher Education. "We need to remember that many students come to the university with low test scores and succeed."

The university will now ask all applicants to write essays based on three prompts:

How do you stand out from other candidates?

How can you contribute to diversity?

What obstacles or challenges have you faced in your life?

These questions are similar to those asked by the University of California system, which has also turned to "holitic" admissions review. The University of Michigan and the University of Washington also use similar admissions procedures instead of specific racial quotas.

The changes were made after the University fo Kentucky experienced a 40 percent drop in African American freshmen this year.

Thursday, October 20, 2005

Men Get Boost In Admissions

More women than men are going on to college these days, and as a result, some colleges and universities are scrambling to maintain gender diversity on campus.
The bottomline: at many schools, men are getting a boost in their admissions chances according to an article in today's USA Today, Colleges Remain Cautious In Handling Gender Diversity. The most noticeable boost for males is at liberal arts colleges where the male female ratio has swung heavily towards females. Best bet to tell if males get a bit of an edge at any particular campus is to research the differences in admissions test scores and GPAs between enrolled males and females. At Goucher College, mentioned in the article as having a 32/68 male/female ratio, the average unweighted GPA of enrolled males last year was slightly lower than for females - 3.04 for males versus 3.27 for females .

Monday, October 17, 2005

Through a College President's Eyes

One thing I like to do when researching colleges is find the local newspaper online and read up on the school. You can find out quite a bit this way as local papers often cover interviews with college and university presidents, as well as details about campus changes and strategic plans. While doing research this way on Knox College, a small liberal arts school in Illinois, I came across an article that I think does a good job of explaining the interplay between faculty, administration, and trustees at smaller colleges. It's worth reading for ideas on questions to ask or to research about other schools. Link:
Roger Taylor Settling in as Knox College President By the way, I visited Knox College last spring and came away impressed with the dedication of the faculty and the sense of community on campus. Knox has some interesting international programs, a strong performing arts program, an excellent English and creative writing program and a terrific pre-med program that guarantees selected students direct admission into Rush Medical School in Chicago.

Saturday, October 15, 2005

Admissions Anguish

If you're in the throws of applying to colleges, you probably have a few complaints about the process. Howard and Matthew Greene, educational consultants and authors of several excellent books on college admissions, have written an interesting article in University Business, aimed at college admissions personnel, about the most common complaints of applicants and their parents. I recommend this article because hidden among the complaints they list are some very smart tips applicants can use to make the process easier and more effective. Example: ask the teachers and counselor writing your recommendation to mention why a particular type of college (i.e., small liberal arts school or large research university) would be a good fit for your learning style and interests. The article also includes some excellent insights into the common application and how it is being used and viewed by colleges. Link:
Admissions Anguish

Thursday, October 13, 2005

Phony Financial Aid "Consultants"

If you receive an offer from an individual or organization claiming to be a "financial aid consultant," proceed cautiously. While some financial aid advisors are legit, there are many less honest "consultants" out there charging fees for help that can be obtained for free from on-campus financial aid offices. University Business has an excellent article on these scams and what parents and students should look for if approached by anyone claiming that they can help them get better financial aid. Article link: Aid Consultants Attack

Merit Scholarship or Price Competition?

Colleges and universities award merit scholarships solely based on academic credentials, right? Wrong, according to an article in University Business written by the director of enrollment management at Dickinson College. Here's how he starts the article:

"Let's face it--colleges do not award scholarships to incoming students as a reward for superior academic performance or leadership accomplishments. They award so-called "merit aid" as an incentive to lower net price in order to influence a student's enrollment decision. Like it or not, this is the truth. Sorry Virginia, there is no Santa Claus."

The article goes on to call for colleges to level the playing field and implies that schools which leverage merit money (and financial aid packages) are basically stealing students from colleges and universities that don't do so. Unfortunately, Masa's claims ring false as Dickinson College is actually one of the biggest users of leveraging merit dollars to attract students.

Link: The Perils of Price Competition

The Best Class Money Can Buy

A few weeks ago, I mentioned an excellent article about the enrollment management and financial aid leveraging techniques being used by colleges at all levels of selectivity these days. I finally tracked down a link for reading the article online - this should be required reading for anyone who wants to better understand why many applicants with "acceptable stats" don't always get into all of the schools on their list. Here's the link to: The Best Class Money Can Buy

Tuesday, October 11, 2005

Top Wireless Campuses

If you're a techno-geek, you may be interested in a just released Intel ranking the best schools for wireless internet service. According to the survey, the top ten schools for wireless coverage are:

1. Ball State University, Indiana
2. Western Michigan University, Michigan
3. University of Akron, Ohio
4. Dartmouth College, New Hampshire
5. Caregie Mellon University, Pennsylvania
6. Bridgewater State College, Massachussetts
7. St. John's University, New York
8. Case Western Reserve University
9. Bryant University, Rhode Island
10. Trinity University, Texas

Full results: Top 50 Wireless College Campuses

Advice for University of California Admissions

If you're considering applying to the University of California system - either as an California resident or from out-of-state - you should read this interview with Susan Wilbur, the director of UC undergraduate admissions concerning the in's and out's of the UC admisisons process.

Time to Prep for Financial Aid Applications

While seniors are busy putting together their college applications, parents need to start preparing the documents and information they'll need to file for financial aid.
To get a sense of what needs to be done when, print out a copy of a Financial Aid Timeline.

Next up, get knowledgable. You'll save aggravation later if you gather the information you'll need over the next few months instead of waiting until you're sitting down to fill out the FAFSA (Free Application for Federal Student Aid). Review the documents you'll need at the FAFSA website and even download a FAFSA pre-application worksheet that will help you get organized. For my money, the College Board's Overview of How to Complete the FAFSA makes a good, easy-to-understand introduction to filing the FAFSA.

For a broad understanding of various financial aid options, and how to evaluate financial aid packages, the National Association of Student Financial Aid Administrator's (NASFA) Cash for College booklet provide a good overview. You'll need Adobe to read it. If your child will be the first in your family to attend college - or you just want simplified information about applying for financial aid - the Parenting Perspectives website does a good job of explaining things. Another useful article that includes many tips on amassing financial aid and scholarships is an article from the Seattle Post-Intelligencer If Students Go For It, Financial Aid Will Come. I have a few other resources linked under the "links I like" section on the left hand side of the page.

Sunday, October 09, 2005

College Personality Quiz

I talk a lot about the importance of knowing yourself - your strengths and weaknesses, your learning and social style, etc. - when hunting for colleges. Each person has unique needs, desires and goals and it's important to find colleges that fit you. One great tool for assessing what type of college might best suit your personality, learning style, and other individual characteristics is the College Personality Quiz available at the U.S. News & World Reports Best Colleges site.
You'll be asked to answer a variety of questions and then the computer will score your "college personality." While the results don't recommend specific colleges, it does provide many interesting insights into the types of schools where you are likely to feel most comfortable and thrive.

College Professors' Advice on Choosing a College

James O. Whittaker, Ph.D. and professor emeritus of Penn State University, has some helpful advice for parents and students on the factors that really matter when weighing college options. Don't rush to pick a major, he counsels...and make sure to carefully review the course catalog to see what types of classes your child will be required to take. Most important, don't make college rankings your sole evaluative criteria. You can read Dr. Whittaker's advice in College Rankings Not the Whole Story.

Saturday, October 08, 2005

Laugh Out Loud College Rankings

Need a good laugh? Here's one parent's take on what college rankings should really measure: College Rankings for, Like, The Real World.

Friday, October 07, 2005

Great Advice on How to Deal With Admissions Stress

The admissions season is swinging into full swing. Again and again, I've heard kids and parents discussing the stress they both are feeling. Here's an excellent article offering useful advice on managing the stress from the Needham Times, Don't Stress Senior Year Away

Update on changes in U of Washington Admissions

The U of Washington is following the U of California's lead this year, switching over from an admissions system based solely on grades and test scores to a more holistic approach that takes a number of factors into account. Anyone with the U of Washington on their college list should read this excellent Seattle Times article, Grades Only Part of Picture for New UW Admissions Plan

University of California Admissions Resources

If you or your child are considering applying to a school in either the University of California (UC) or California State University (Cal State)systems, now is the time to get prepared. Many of the Cal States are already accepting applications, and the UC's require students to submit their applications between November 1 and November 30.

If UC schools are on your list, it pays to read and carefully study the wealth of information about admissions policies and requirements at the University of California Admissions website. You'll find details about minimum admission index requirements (GPA plus SAT I plus 2 SAT IIs), the comprehensive review process, and even a searchable database of which courses at your high school have been approved to meet the UC A-G requirements. The site is also the place to find the online version of the UC application (note: the UC's prefer online submission, but they will take paper applications.) Follow up by reading the admissions information on each UC school's website as some have unique and very specific ways of handling admissions beyond the general UC policies.

For Cal State schools, the place to start is the California State University Mentor website. You can search for Cal state schools fitting specific criteria, read excellent profiles of each of the 23 schools in the California State System, and even watch video tours of many of them. There is also detailed information about CSU overall admission requirements and those for individual schools here as well. Be sure to check out impacted programs at the various schools while you are on this site; at some schools impacted programs have special additional application requirements. You can apply online to any of the Cal State schools from this site as well.

Finally, I highly recommend the free information sheets on UC, Cal State and Community College admission policies available from EdSource. These information sheets put the entire application process for California public schools into simple, easy to use terms. Versions are also available in Spanish.

Thursday, October 06, 2005

The Admissions Feeding Frenzy

Lloyd Thacker is a former high school guidance counselor who quit his job in 2004 to form the non-profit Education Conservancy. The organization's mission? To bring the college admissions process back down to earth. Last year, Thacker edited a book,
College Unranked of essays penned by college admissions officers and high school guidance counselors on what needs to be done to reduce the anxiety and stress caused by the admissions feeding frenzy. It's a very interesting book, with many inside views of college admissions offices across the country. However, even though I felt I learned a lot from the book, the cynical side couldn't help looking at the names of the colleges where the essay writers worked - Harvard, Pomona, Dickinson, and others - and thinking that if they all honestly felt so strongly about fixing the admissions arms race, they'd do it. It seems that there is a definite case of "Well, we know it's wrong, but we don't want to be the first to change things."

That said, last Sunday's Seattle Times had an excellent article about Thacker, the Education Conservancy, and the admissions obsession that I highly recommend.

Wednesday, October 05, 2005

Colleges and Universities for History Majors

If you're considering majoring in history, you may be interested in a new study released by the American Historical Association,Privileging History:Trends in the Undergraduate Origins of History PhD's. The focus of the study is on which colleges and universities send the highest proportion of history majors on to doctoral programs. While this is only one measure of a particular department's strength, it is an important one because it shows how well prepared the students it graduates are to go on to do graduate and doctoral level work in history.

The report lists fifty schools that have the highest proportion of history majors. Among the top feeders for history doctoral programs: University of California-Berkeley, Wesleyan, Harvard, the University of Chicago, Yale, Bryn Mawr, Brown, Reed, and Columbia.

Tuesday, October 04, 2005

The Early Bird Gets Financial Aid

College costs are rising but higher education can still be affordable, thanks to more financial aid than ever before, according to the College Board.

Last year, nearly 70 percent of students attending four-year colleges paid less than $9,000 in tuition and fees. Many received financial aid, so they didn't pay the full "sticker price." Applying for aid early is important.

“Often, students wait too long to worry about financial aid and scholarships,” said Linda Peckham of the College Board’s financial aid department. “Many scholarships are available on a limited basis and if you wait too long, you may find yourself competing for money that’s already been awarded.”

Two kinds of scholarships are available: institutional grants awarded by colleges and universities; and outside grants awarded by other organizations. Institutional scholarships are usually based on merit, financial need or both.

To be considered for most student aid, applicants should use the Free Application for Federal Student Aid, or FAFSA. Forms like the FAFSA and CSS/Financial Aid PROFILE, which certain private colleges also require, can be filed online.

“The information you submit on the FAFSA is based on your tax information for the year ending on December 31. Many people do not file their taxes until April,” Peckham said. “You should submit the FAFSA as soon after January 1 as possible using estimated figures because if you wait until April, colleges probably won’t have any grant money left.”

For outside grants, students should research their eligibility. In certain cases, a student’s location or a family member’s job can qualify them for scholarships.

Most outside scholarship programs have application deadlines in February or earlier. Some, like the National Merit Scholarship, require applicants to take the PSAT/NMSQT in October of their junior year.

“Start early, try everything you can,” said John Curtin, an incoming college freshman at Knox College who looked into financial aid sooner than many of his peers. “You never know what schools are looking for that would qualify you for financial aid.”

More information about financial aid and scholarships are available in books like College Board College Scholarship Handbook 2006and College Board College Cost & Financial Aid Handbook 2006. Scholarship information can also be found online and with high school guidance counselors, who may know local organizations that offer scholarships.

-----
On the Net:
FAFSA site
PROFILE site
-----

What Colleges Want

For the past two entries, I've talked about how colleges and universities are using sophisticated enrollment management tools and techniques to insure that they reach their strategic goals for admissions and retention. Yesterday, I suggested ways that you can get a handle on the priorities of the colleges on your list. Here's one more:
Go to the college's website and do a search for the terms "enrollment management" and "admissions yield." At many schools, the results are quite interesting and can provide key insights into what's likely to drive admissions.

For example, at Clark University's web site, you'll turn up the 2005 State of the University Address recently given by the University President where he notes that while "The quality and fit of the incoming underdergraduate classes has improved...[but]...the yield on admitted students has remained flat resulting in total enrollment and net tuition revenues below target...we remain heavily dependent on merit aid to recruit outstanding undergraduate students, and we also have a low percentage of enrolling students paying full tuition...Clark attracts fewer students than other colleges from high income families and ends up providing more financial aid per student than they do..." Translation: Clark, an excellent small university, is likely to look very closely at demonstrated interest this year. Ability to pay full tuition will likely be a plus in admissions --- but if your stats are above Clark's averages (3.4/1150 SAT), it's also likely they'll not only want you but want you enough to offer you at least some merit money.

Monday, October 03, 2005

Thinking like a marketer

I've been thinking all weekend about the Atlantic article "The Best Class Money Can Buy" I referenced in my last entry. The underlying theme running through the article is simple: colleges are using sophisticated marketing research techniques to identify the students most likely to give them what they need or want, be it higher test scores, a better revenue flow, or any one of a million other priorities.

Offer a particular college what it's looking for, and your chances of admissions - and perhaps even financial aid/merit money - are greater. Offer something they can get elsewhere for less, and your chances go down. The question, of course, is how do you determine if something you have to offer is a match with what a particular school is looking for?

The answer is simple: think like a marketer yourself. Marketers don't just send out mass mailings or place ads blindly; they make it a point to figure out who their target market is most likely to be, what motivates those customers to buy, and where they are most likely to be found. Then, they target their marketing materials and plans for greatest effect.

College shoppers have to do the same. First step: make a list of what you - or your child - has to offer. And, don't fall into the trap of thinking that means ONLY stratospheric test scores or grades. Think more broadly. And don't think that just because you need financial aid, you don't still have something to sell (if the amount of aid you need is less than the typical aid package at a particular school, you may actually be more attractive than an even lower income family).

Next - and this is critical - you have to be willing to consider the schools that need what you are selling. That may mean Harvard, Yale and Stanford...or it may mean a few excellent schools with names you haven't yet heard of. In nearly all cases, it probably means a combination of both.

Cast a wide net, consider many different options - but don't expect to find what you need to know in those glossy brochures and admissions websites. Dig deeper.

Get a hold of the school's strategic plan (see my September 22 entry for tips on how to do this) - read it carefully and you'll get a sense of the school's priorities. Is the school planning to boost enrollment? Reduce enrollment? Does the plan mention a need for increased revenues? Boosting graduation rates? Building new buildings in a particular area (i.e., science or art)? etc.

Read the school's own internal memos on its priorities and plans. Often these can be found just by searching on the school's website using a few key words. Search the archives of the student newspaper, local media and educational professional journals like the Chronicle of Higher Education as well --- often you can dig up a lot that way.

Pay attention to other clues as well --- have applications been going up, staying the same, or going down? How has the school's endowment been doing - and the return on it? Has their been a change in the way the school is recruiting (i.e., are they making more visits to a particular part of the country than they have in the past)? Has the school's yield been going up, going down, or staying the same? (The NACAC list of schools that haven't filled their classes by May is very telling). Are they marketing differently? Are certain majors over subscribed or under subscribed? Are their noticeable differences in grad rates among different racial groups? Are they short on men? Women? (All of this information is very easy to come by if you know where to look - use the many resources I've discussed here on College Hunter).

If you have something very specific to offer, pay attention particularly to the signs that signal if the school needs that. If you play a particular instrument, find out how many they already have in the orchestra --- and whether the orchestra is well-funded and a source of pride to the administration or just kind of languishes on its own. If you play a certain sport, same thing.

When you're visiting, keep your eyes and ears open. What about yourself really seems to peak the admissions officer's interest? IS there anything about yourself that seems to peak the admissions officer's interest? Ask questions that go beyond "so, do you like going to school here" --- instead ask students, faculty and administrators (admissions) you come in contact with "what's the biggest issue facing XYZ college these days? What are the plans to deal with that issue?" or "What's the most exciting change planned for XYZ college in the next few years?" Ask about diversity - racial and economic but also about geographic diversity and economic diversity. How many Pell grant recipients does the school have (this you can find out on your own)? How many kids that AREN'T receiving any form of financial aid? Are financial aid packages heavy on loans or heavy on grants? What's the average merit scholarship and just what percentage of accepted students are offered them?

Next, go back to the original starting point. What is it you - or your child - have to offer that a particular college seems to need or want? Are there other colleges and universities that are worth considering that might be stronger targets? As any good marketing pro will tell you, this isn't an exact science. You will have to make some educated guesses and you'll probably never know with absolute certainty what is going to motivate a college's particular admissions decisions this year. But, don't be foolish enough to let colleges be the only ones using sophisticated marketing tools to drive the process - think like a marketer yourself and you'll be more likely to find a college willing to buy what you have to offer, and perhaps get paid handsomely for it in the process.


By the way, if you're interested in learning more about how colleges and universities are using sophisticated marketing and marketing research in enrollment management, I'd suggest you pay a visit to the website of Noel-Levitz, one of the largest enrollment management consulting firms in the field.

I found two papers particularly interesting and well worth reading at the Noel-Levitz site. The first, How to use pertinent decision data in your admissions office, which highlights the types of research and information many schools track in order to not only decide who gets in, but how to leverage their financial aid and merit money. The second, The Proper Mix discusses how colleges and universities manage tuition, admission and financial aid strategies to maximize revenue and meet specific goals. To me, these insights into the admissions process only reaffirm the reason I started College Hunter in the first place: to put better college research into the hands of applicants and their parents.

Saturday, October 01, 2005

Required Reading: Enrollment Management

I just finished an excellent article in this month's (November 2005) Atlantic Monthly, The Best Class Money Can Buy concerning the role enrollment management plays both in deciding who to admit and how to divy up financial aid and merit scholarships. This article really should be required reading for anyone interested in how colleges manage which applicants get in through their doors.

Some highlights from the article: Three-quarters of four-year colleges and universities now employ an enrollment manager who oversees all aspects of admissions, financial aid, and increasingly, student services that influence graduation rates. Many colleges are also hiring professional enrollment management firms who use sophisticated computer modelling and other tools to help colleges decide how best to tie admissions to administrative goals such as revenue management and the stats that can boost prestige.

"Financial aid leveraging is enrollment manager's secret weapon," notes the article. "It has become highly sophisticated since it was first developed, in the 1980's, but the underlying logic remains simple: targeting financial aid will further the interests of a school, typically by bringing in more net revenue or higher-scoring students." Example: a school can choose to offer a $20,000 financial aid package to a needy student. Or, it can offer four scholarhips of $5,000 each to entice wealthier students who can afford to pay the rest of tuition, and reap an extra $240,000 in revenues over the next four years.

The article goes on to describe how colleges have access to reams of data about prospective students - much of it supplied by testing services like the College Board and ACT - that allows them to pinpoint exactly how likely an applicant is to attend a particular school, which applicants are most likely to be full-pays, and how test scores will translate into graduation rates. In short, colleges know more about you than you would expect based simply on the information you supply on your application. And, more importantly, they use that information from the time they send you their first glossy brochure until they look at your application and decide on the financial aid package and merit scholarships they'll offer you.

"The 'gatekeeper' model of admissions has been dead for some time," asserts the article. Smart College Hunters would be wise to read this article in order to understand some of the broader deccisions made at an institutional level that may affect their admissions chances at any particular school.