College Econ - The State of Things
by Susan Lee
Director of College Counseling
Suzanne and I were in Baltimore last week for the NACAC conference – the annual gathering of the National Association of College Admissions Counselors. In addition to being a great opportunity to connect with counselors and admissions people from all over the country, the conference is a chance to talk about timely issues and to “get the pulse” of the world of college admissions.
Not surprisingly, the most talked about topic this year was how the economy is affecting colleges and admissions. Colleges have seen their endowments drop and families are finding it difficult to come up with the high cost of tuition. So, many schools are scaling back their program, offerings and growth. (As a prime example, we’ve all read about what the economy is doing to our great state college system here in California).
The good news is that the colleges are committed to maintaining access to lower income families, and are not cutting and do not plan to cut financial aid programs. But they are cutting costs – and every college is compensating in different ways. As students and families are making choices and researching colleges, it will be important to have information about what will be different in the years to come.
As you go through the college admissions process, ask each college: How has your college been affected by the economic downturn and what changes are you making to deal with the difficult economic situation?
Tuesday September, 29, 2009 at 11:44AM
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