In this week's episode you will hear
In the News (6:59): In this week’s news segment, an article from Bloomberg, “The Coming College Enrollment Bust”, by Justin Fox. Economists predict that there will be shifts in enrollment numbers by the second half of the 2020s. There are indications that the top 50 elite schools will have more potential students than they do now, where community colleges and regional 4-year schools will face the more significant declines. We discuss why the college admissions community is treating this predicted demographic decline as a category 5 hurricane. We highlight the work of Nathan Grawe, an economist whose original work is being lauded as a breakthrough in understanding how Demographics impact higher education. (Length 16:31)
https://www.bloomberg.com/opinion/articles/2019-05-30/college-enrollment-bust-is-headed-this-way-by-2026Chapter 94 of 171 Answers (23:30): We are in chapter 94 of 171 Answers and we describe the cost of attendance within two main categories, and Mark explains what Cost of Attendance is and why it is important exactly what it is. Mark explains that it is not only important to know what the school lists as its, “cost of attendance” but also what your customized cost of attendance is for you. Mark recommends the following tool to use to compare aid awards from one school to another, but also to make sure that every item in the cost of attendance is being factored in.
This week’s question (41:37) is from Kisha, a mom from Wayne, Indiana. She asks Mark to clarify ‘rules’ that she has heard about relating to paying out of state tuition in certain areas. https://www.ohiohighered.org/tuition-reciprocity.
This week’s interview (50:54) Mark kicks-off his interview with best-selling author and college admissions expert Steven Antonoff in: Debunking the myth that there are only 20 great colleges, Part 1
Mark’s recommended resource of the week (57:45) Mark’s recommended resource of the week is https://www.uaspire.org/BlankSite/media/uaspire/Decoding-the-Cost-of-College-Executive-Summary.pdf. This executive summary highlights the eight key findings of this comprehensive study. The study looked at the inconsistency and inaccuracies that abound in the financial aid awards that students receive. The other resource we highlighted in our discussion about “The Coming College Enrollment Bust” is Nathan Grawe’s momentous book, https://www.amazon.com/Demographics-Demand-Higher-Education-Nathan/dp/1421424134
College Spotlight (1:01:31): University Puget Sound
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Every episode of Your College-Bound Kid will align with a chapter from the book 171 Answers to the Most-Asked College Admission Questions. To get a copy visit 171answers.com and if you want to see what future episodes will cover just click the red button "See exactly what 171 Answers covers".
