Why College Student Debt Is Growing

Why College Student Debt Is Growing

There is now more accumulated student loan debt than accumulated credit card debt for the first time in the United States, according to an article in the New York Times. Accumulated student loan debt will likely reach a trillion dollars this year, as more students are enrolling in colleges and borrowing government dollars. However, economists argue that this is actually a good sign and could boost the economy as students pay back loans with interest. They believe that it’s a healthy investment that will lead to higher earnings, unlike credit card debt, which only hurts consumers’ budgets, giving them less disposable income to put ... Read More About Why College Student Debt Is Growing

Another Pre Pre SAT Test

Another Pre Pre SAT Test

The College Board, the creators of the SAT, introduced a junior version of the exam for eighth graders in 2010 called the ReadiStep, according to an article in the New York Times. The ReadiStep is a two-hour test and has questions written in the same style as the PSAT and the SAT. The test is scored 2-8 for each section, similar to the 20-80 score range on the PSAT and SAT. Nearly 250,000 students have already taken this test in the fall of 2010, most of whom are in Texas because the state education department offered to cover the test’s $8 charge for every student as part of a larger college-readiness program. The College Board ... Read More About Another Pre Pre SAT Test

Should Schools Teach Character

Should Schools Teach Character

America’s schools are having a difficult time simply teaching students how to be proficient in reading, math and science. That’s why many schools completely ignore teaching basic character skills. Most schools do not effectively teach behavioral skills and proper attitudes/manners like cooperating, being on time, making eye-contact, speaking persuasively, etc, argues Jay Mathews in an article in the Washington Post. Some schools are trying to incorporate these basic skills into education, a practice known as character education; however, many schools are still ignoring them. Very few schools have actually made progress in charact ... Read More About Should Schools Teach Character

Why Investors Are Buying Up Schools

Why Investors Are Buying Up Schools

Who owns your school? Sure, a group of administrators and your principal run it. But, whom do they report to? Recently, the private-equity-backed firm Meritas – owned by Sterling Partners – purchased Claremont Preparatory School, a six-year-old private school in Lower Manhatten, according to an article in the New York Times. (Sterling Partners also owns Sylvan Learning Centers, a chain of tutoring centers). Claremont Prep’s tuition is $34,650 for next year. Meritas is not the only for-profit company to purchase private schools, and this is a growing trend. These companies are buying struggling private schools (mostly high ... Read More About Why Investors Are Buying Up Schools

Why Top Colleges Have Again Lowered Acceptance Rates

Why Top Colleges Have Again Lowered Acceptance Rates

The nation’s elite colleges just became even more elite. Harvard, Stanford and Princeton – some of the nation’s hardest colleges to get into – boasted lower acceptance rates for the 2011 school year compared to 2010, according to an article in the Washington Post. These schools had record-breaking number of applicants for 2011 but only admitted the same number of students, creating a much lower acceptance rate. Most colleges have experienced a significant increase in the number of applications. Most colleges have even had record-breaking numbers in the past few years. This phenomenon is consistent across most colleg ... Read More About Why Top Colleges Have Again Lowered Acceptance Rates