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  • Ivy League Over Rated

    At this very moment, all over the country and potentially the world, high school students and their parents are planning and scheming to get into an Ivy League. Young people are groomed practically from birth to be attractive to mysterious and all-powerful admissions committees guarding the gates of the eight universities that comprise the “Ivy Leagues”.

    This is now so common, there is even a psychological malady known as “The Yale Syndrome”, a sort of obsession with college admission that creates an unusually proximate time horizon for a young person, the moment of college admission. Students who suffer from this affliction do not develop a plan for success in college, or in any aspect of their lives, beyond the arrival of that “fat envelope” detailing their acceptance. Oddly, they share many of the same concepts of time as terminally ill cancer patients.

    Parents view admission to one of these schools as a high grade on their parenting skills, and correspondingly view rejection as a low or failing grade. There is a great gnashing of teeth about the whole endeavor. But seldom does anyone really ask the question: “Are Ivy League schools over-rated?”

    How did this national obsession come about? First, let’s define what the Ivy League is. In one sense, the Ivy League is a collection of geographically proximate schools that formed a football conference in 1956. If you look at it another way, the Ivy League is a collective brand representing the pinnacle of American higher education. This is the Ivy League: Brown, Columbia, Cornell, Dartmouth, Harvard, Princeton, the University of Pennsylvania, and Yale. No other school is a member, in spite of what some alumni may claim.

    The Ivy League has not been a focus of fevered longing for very long. For most of this nation’s history, college was a local endeavor. The best and the brightest did not go far to go to college. Then, a convergence of societal trends in the late part of the last century quietly nationalized education, without anyone really noticing. The advent of cheap air travel–and the breakdown of regional differences due to television and the migration of educated workers throughout the country–combined to make bright young people look nationally for college choices. So this collection of venerable schools became a focus of their attentions. The problem is that young people and their families didn’t catch on to the level of competition that this change entailed.

    As college became a middle-class right instead of an upper-class privilege, a lot more students wanted in to what they perceived to be the most elite schools. One Ivy League school now rejects over 90 percent of the students who apply, and rejects over half of the students who apply with perfect SAT scores. Think about that.

    That’s where we are today. Everyone in the country wants into the same handful of schools. But what do you get with an Ivy League education, especially as an undergraduate? Is it really the best in the country? These are undeniably good schools, but there are also one hundred other schools that do as good or better a job at educating undergraduates.

  • How will schools help fund families?

    How exactly do all the schools start to help poor families, or even middle class?

    Harvard took the lead. Two years ago, Harvard implemented a policy in which students whose parents earn a $60,000 or less no longer pay for tuition or room and board. Stanford has just adopted the same policy, adding that students whose parents earn $100,000 must only pay room and board. Stanford Financial Aid has not provided a formula for evaluating aid for students who come from families with income over $100,000.

    Princeton has taken a similar approach in which it evaluates aid on a case by case basis rather than the more formulaic sliding scales that Yale and Harvard have decided to use. At Stanford and Princeton, students in the income bracket range between $60,000-100,000 can expect to pay $11,000 or less, approximately the cost of room and board.

    But at Harvard and Yale, students in the income range $60,000-120,000 can expect only to pay on a sliding scale between 1 and 10% of their income ($600-12,000), which is significantly less than students at Stanford. Students at Harvard and Yale from income brackets between $120,000 and $180,000 can expect to pay between $12,000-18,000. Cooper has refused to make comparisons between higher income students at Stanford and Harvard, saying she does not want to mislead them about their potential aid package. She cautioned that aid will be evaluated on an individual basis with a number of factors including home equity, other siblings in college, and cost of living taken into account.

    The new financial aid policy isolates the upper-middle class. Universities are increasing tuition fees for students who do not receive financial aid. It is called “Take from the Rich and Give to the Poor”. While the financial aid policies have made it less expensive than some state schools for students from households less than $100,000, colleges generally remains much more expensive for students from households with income well over $100,000. State schools also usually offer merit aid, which can often significantly decrease the expense for top students.

  • Popular Universities

    Which university is the most popular one?
    Of course, Harvard University tops the list. You may believe Stanford to be the second, but you are wrong. You will be surprised that Brigham Young University-Provo ranked second.

    Recently U.S. News and World Report ranked colleges by the percentage of students accepted who actually wind up attending. In college terms, it is known as the “yield.” 79 percent of the students selected by Harvard enroll at the Massachusetts school. That is why Harvard ranked the first. Brigham Young University-Provo has 77% yield, ranked the second for the yield even though the school only ranked 113th by traditional method. University of Nebraska-Lincoln is third, with a yield of 71 percent even though it is ranked 89th by traditional method. Stanford University only comes in fourth, with a yield of 70 percent, of course Stanford ranked 4th by traditional method. Massachusetts Institute of Technology and Yale University tied for fifth, each with a yield of 69 percent.

    U.S. News_Rank Acceptance_Rate Yield
    Harvard University (MA) 1 9% 79%
    Brigham Young University–Provo (UT) 113 74% 77%
    University of Nebraska–Lincoln 89 62% 71%
    Stanford University (CA) 4 10% 70%
    Massachusetts Institute of Technology 4 12% 69%
    Yale University (CT) 3 10% 69%
    Princeton University (NJ) 2 10% 68%
    University of Pennsylvania 6 16% 66%
    Yeshiva University (NY) 50 69% 65%
    University of Florida 49 42% 63%
    Columbia University (NY) 8 11% 59%
    Brown University (RI) 16 14% 56%
    Texas A&M University–College Station 64 76% 56%
    University of North Carolina–Chapel Hill 30 35% 56%
    University of Notre Dame (IN) 18 24% 56%
    Louisiana State University–Baton Rouge 130 73% 55%
    University of Texas–Austin 47 51% 54%
    Dartmouth College (NH) 11 15% 52%
    University of Virginia 23 35% 52%
    University of Georgia 58 54% 51%
    Kansas State University 130 95% 50%
    University of Alabama 83 64% 50%
    University of Oklahoma 108 89% 50%
    North Carolina State University–Raleigh 83 60% 49%
    Ohio State University–Columbus 56 59% 49%
    University of Missouri–Columbia 96 86% 48%
    University of Tennessee 108 71% 48%
    Cornell University (NY) 14 21% 47%
    Georgetown University (DC) 23 21% 47%
    University of Kentucky 116 77% 47%

    So why Brigham Young University has high yield? BYU accepted 74% of the 10,010 people who applied for admission in the summer term and fall semester of 2007. The majority of students at Brigham Young University have traveled the world to preach the doctrines of the Church of Jesus Christ of Latter-Day Saints, the founders of Brigham Young University. It is the oldest existing institution within the LDS Church Educational System, is America’s largest religious university, and has the second-largest private university enrollment in the United States. Approximately 98% of the 34,000 students at BYU are LDS; two-thirds of its American students come from outside the state of Utah. The university’s primary focus is on undergraduate education. About 70% of student tuition is funded by LDS Church tithing funds, making tuition relatively less expensive than at similar private universities. It is the money! This explains the yield score.

    For BYU, the average ACT score and GPA for these admitted students was 27.9 and 3.78, respectively. Students from every state in the U.S. and from many foreign countries attend BYU. In the 2005-6 academic year, there were 2,396 foreign students, or 8% of enrollment. Slightly more than 98% of these students are active members of The Church of Jesus Christ of Latter-day Saints. In 2006, 12.6% of the student body represented ethnic minorities, mostly Asian/Pacific islanders and Hispanics.

    BYU received other reviews. Princeton Review has ranked BYU the best value for college in 2007, and its library is consistently ranked in the nation’s top ten–#1 in 2004 and #4 in 2007. BYU is also ranked #19 in the U.S. News and World Report’s “Great Schools, Great Prices” lineup, and #12 in lowest student-incurred debt. Due in part to the school’s emphasis on undergraduate research, BYU is ranked #8 nationally for the number of students who go on to earn PhDs, #1 nationally for students who go on to dental school, #6 nationally for students who go on to law school, and #10 nationally for students who go on to medical school. BYU is designated as a Carnegie research university with high research activity, one of the highest classifications by the Carnegie Foundation for the Advancement of Teaching.

  • 2008 College Acceptance Rates

    These are 20 universities with low acceptance rates for 2008. Some of these are record rates such as Harvard’s 7.1%.

    Harvard University – 7.1%
    Yale University – 8.3%
    Princeton University – 9.5%
    Stanford University – 9.5%
    Columbia University – 10%
    Massachusetts Institute of Technology – 12%
    Dartmouth University – 13.2%
    Brown University – 13.3%
    Washington and Lee – 15%
    Swarthmore University – 15%
    University of Pennsylvania – 16.4%
    Bowdoin University – 18%
    Georgetown University – 18%
    Duke University – 19%
    University of Southern California – 21%
    University of California, Berkeley – 21.5%
    University of California, Los Angeles – 22.1%
    Cornell University – 22.9%
    Vanderbilt University – 23.1%
    New York University – 24%