1. A Chronicle article titled, “On Sticker Prices and ‘Wishful Thinking,’” reports that students and parents have hastily “ruled out colleges based solely on published sticker prices without considering how much financial aid they might receive.” According to a recent survey, these students and their parents did not use online financial aid calculators, nor did they investigate in other ways to see if they could make college more affordable through aid, loans, or grants. Survey findings show that in higher-income families, the parents were the ones who took advantage of the aid calculators; in the lower-income families, the students conducted financial aid searches. To prevent potential students from “dropping out” even before they walk through the college doors, the federal government next year will require colleges to provide “net-tuition calculators” to help families better determine how much they’ll likely pay, as opposed to accepting sticker prices as final. The Chronicle article also states that students are exceedingly optimistic (or rather, unrealistic) when it comes to their financial aid expectations. For example, 45% of students with SAT scores below 1000 believed that they would receive merit-based financial aid.
2. Here’s one way to attract prospective students to an international MBA program—fly them out for a weekend visit. Nyenrode Business Universiteit, a top b-school in the Netherlands, has just announced that it will offer free flights from anywhere in the world to ten prospective students for its “immersion weekend.” “We have invested heavily in shaping what we believe is now a world-class MBA programme and we are absolutely determined to attract the very best people to it,” says Desiree Van Gorp, the international MBA’s director. “The new programme is focused strongly on personal development and the enhancement of leadership skills and that’s exactly what participants can expect from the weekend of the 25th to 27th June, albeit in miniature.”
3. Bloomberg Businessweek has published yet another article about the b-school drive to expand their global footprints. This time, in “Top B-Schools Set Sights on India,” author Alison Damast discusses the moves American b-schools are taking to set up shop in India. These schools view the growing demand for high-quality management education in India as a clear invitation for them to make themselves at home, building new, state-of-the-art campuses in India. Such initiatives are contingent upon the passing by the Indian Parliament of a bill that will permit foreign schools to open their doors in India. If such a bill is passed, as is expected, then top U.S. business schools, including Duke Fuqua, will begin planning off-shore sites in India. The new Duke campus will offer EMBA degrees, one-year MAs in business, and other graduate programs.
4. While most people blame college grads’ inability to find a job on the economy, a recent NPR story blames it on the grads themselves. That’s why ill-prepared college seniors are getting a bit more attention these days in the areas of job readiness, communication skills, and life in the “real world.” David Polk, a York College professor who’s developing a new curriculum in “professionalism,” says, “There’s a sense of entitlement that we’ve picked up on, where people think they’re entitled to become, let’s say, president of the company within the next two years; they’re entitled to five weeks of vacation.”
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