August 2010

  • The Launch of Stephen Colbert University

    Barry Lenson

    "Everybody makes mistakes in college. Why can’t one of those mistakes be . . . going to college?" – Stephen Colbert The Colbert Report Mon - Thurs 11:30pm / 10:30c Stephen Colbert University - Andrew Hacker www.colbertnation.com Colbert Report Full Episodes 2010 Election Fox News On the night of August 25, Comedy Central host Stephen Colbert took for-profit education to task by announcing the launch of his own for-profit school – Stephen Colbert University.  It’s often been said that the best jokes contain an element of truth. That was certainly the case when Colbert made his announcement. Here are some outtakes . . . "Folks, did you know that the average college graduate ...

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  • Blogger Cites the "Incredible Cost" of Paying for College

    Barry Lenson

    “As education costs continue to rise, they are becoming outlandish,” writes Daniel Indiviglio in his Atlantic.com blog. “Although college is a valuable investment, at some point you have to wonder if the price is beginning to exceed the return.” Indiviglio, who writes about investing and banking for TheAtlantic.com, extracts the following figures from Fidelity.com’s recommendations for parents who want to fund their children’s college educations. If your household income is $55,000, you will need to save 3.5% of your gross income ($160/month) if your kid will attend a public college, or 9% ($410/month) for a private one. If your household income is $100,000, you will need to save 3% of your gross income ($250/mo ...

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  • What's Wrong with the U.S. News Best College Listings?

    Barry Lenson

    The U.S. News & World Report’s 2011 Best Colleges issue – all 296 pages of it – just landed on my desk with a thud. As in years past, it claims to identify the best colleges in America. And there’s not much doubt that across America, thousands of parents, grandparents are rushing out to pay $9.95 for this issue so they will have a way to guide young students to one of America’s best schools. To give credit to the editors at U.S. News, a lot has been done to improve the way the college rankings are compiled and organized this year. The categories have been divided up in new ways. For instance, colleges that grant postgraduate degrees are no longer ranked in the same list as schools that offer only undergraduate programs. Mor ...

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  • The Safer Safety School

    Barry Lenson

    Storm clouds are gathering on the horizon of American higher education. Here are just a few of the problems we see  . . . A shakeout could be coming for dozens of middle-tier colleges. It is one thing for Yale and Princeton to charge $50K+ for tuition. It is another thing for less-prestigious American colleges to charge that much – while offering a poorer educational experience and poorer access to jobs after graduation. The day may be coming when more American families say that expensive middle-tier colleges are just not worth the money. If that day comes, dozens of them could be forced to shut their doors and tiptoe away. Students are applying to community and state colleges in numbers never seen before. But at the same time, tho ...

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  • California Budget Woes Put Students in a Crunch

    Barry Lenson

    Last year, a friend of mine who lives in Los Angeles said something to me that I had never heard before. “My son Matt was accepted at Cal State in Long Beach, but now we are waiting to see whether his acceptance gets revoked, due to California woes. It happened to a few of Matt’s friends.” It was the first time I ever heard a story like that. Usually when you get accepted to a college, you can assume you are really going there. But according to the new rules of budget crunches, that honorable tradition was apparently going away. That was last year. This is this year, and my jaw dropped when I read an article in Sunday’s Los Angeles Times. That article, in the August 22 edition, reported that things are even iffier this ...

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