"...meaning that there are about 300,000 fewer undergraduates to divvy up among America's campuses than there used to be...To fill seats, colleges are engaged in an arms race of discounts that they increasingly cannot afford - discounts so deep that, while sticker prices appear to be rising ahead of the inflation rate, the schools are actually seeing their net tuition revenue decline. Many small, private nonprofit colleges are giving away a record 51% of their tuition income in the form of discounts...."
A very British business - a very worthwhile read!
"And can they still claim to offer a traditional British education when their classes are increasingly stuffed with the offspring of Russian oligarchs and Asian crony capitalists?"
"As 'Ivory Tower' shows, colleges invest in facilities and amenities, like multi-million dollar recreation centers or luxury dorms, to attract attendees, who have increasingly become more like customers than students. It's what many critics call the 'corporatism of college' (a very worthwhile article).....
I am always amazed that on every college tour, we spend more time on facilities rather than learning about how the school educates students.
The article continues with "....a concept called multipotentiality, the ability to excel in multiple fields that are typically unrelated to each other. Multipotentiality has a handful of practical benefits. For example, learning skills in one area can translate to skills in another."
Independent schools could do a much better job educating students on social media. Boarding schools have an especially captive audience. Summer camps are able to limit/restrict the use - why don't all schools strive to do the same?! Our international student integration work for schools touches upon such topics.
"This year 50% of all international students in the FT ranking of global masters in finance course are from China."
"Freeman where 94% of this year's cohort are Chinese, is an extreme example but more people from China are seeking to study abroad. Chinese citizens account for more than 90% of students on masters in finance courses at Leeds University Business School in the UK, the University of Maryland's Robert H Smith School of Business, and Fordham University's Gabelli School of Business in New York."
Other points mentioned in the article which serve as additional reference points for our International Enrollment Management Under Trump discussions.
- "He (Ira Solomon, Dean of Tulane's Freeman School) adds there is little sign that US President's Donald Trump's anti-immigration rhetoric has had any effect on the number of overseas applications."
- "...it is the fall in the value of sterling against other currencies after last June's Brexit referendum that is being credited with enhancing the attractiveness of UK institutions."