Archive for January, 2006


MBA Grads Once Again Seeking Fortune in Silicon Valley

Posted on January 12th, 2006 in Uncategorized | No Comments »

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(Source: Stanford University)Remember the dot-com boom? Of course you do. You probably also remember the bust.

Well, intrepid MBA grads are beginning to return to the scene of the crime, namely California's Silicon Valley. Jobs are resurfacing, and evidently new grads are confident in a rebound.

Consider this from News.com:

While hard data is hard to come by, MBA candidates who have been touring the Valley in recent weeks say job prospects are better now than they have been since the Valley ran into trouble with the end of the dot-com era.

"Everyone out here seems to be hiring to some degree," said Arun Prakash, an MBA candidate at the Massachusetts Institute of Technology who was among a group of college students that toured roughly 40 companies, including Intel, Yahoo and Cisco Systems, as part of MIT's annual "Tech Trek" to Silicon Valley. The students paid their own way for the five-day trip, and they were hardly the only job Hunters in the area. MBA candidates from Harvard Business School and the Wharton School [of the University of Pennsylvania], among others, were also in town. [....]

Much of what California state statisticians consider Silicon Valley falls within an area that covers the cities of San Jose, Sunnyvale and Santa Clara. California's Employment Development Department reported that the area saw 34,300 full- and part-time jobs filled in November 2005 at companies that fall within what the department considers the "Information" category. This includes Web search engines, telecommunications, software publishers and data processing companies. That marked a 2.4 percent increase from the 33,500 positions filled in November 2004.

"We've seen job growth in this area the past two years," said Ruth Kavanagh, a labor market consultant for the state, adding that the upturn follows three consecutive years of declines.

Baby steps, to be sure, but steps in the right direction for techie MBAs.

President Bush Seeks To Increase Overseas Enrollment

Posted on January 10th, 2006 in Uncategorized | No Comments »

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With the number of overseas students steadily declining in the United States, President George W. Bush recently announced that he intends to do something about it.

I found the section on his reasons for increasing the study of 'foreign' languages especially interesting.

The Guardian reports:

Drawing Applause from more than 120 university presidents and representatives from higher education associations and societies, Mr Bush said it was "in our national interest" to create a balance between security concerns and the country's need for more overseas students.

"We want young kids from around the world coming to our universities," he said. "It's in our national interest that we solve visa issues… We have been calibrating the proper balance after September 11, and I fully understand some of your frustrations, particularly when you say the balance wasn't actually calibrated well.

"But we're going to get it right, because the more youngsters who come to America to get educated, the more likely it is people in the world will understand the true nature of America."

Paying For College Takes Precedence Over Retirement

Posted on January 10th, 2006 in Uncategorized | No Comments »

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The trend of saving up for your golden years seems to be turning…from saving for retirement to saving for your child's college expenses.

Many financial advisors don't agree with this path, but this doesn't seem to be changing people's minds.

From
The Journal Star:

All those reports about the rising cost of a college education appear to be having an impact on the savings patterns of American families.

A survey finds that parents with children under age 18 are more concerned about saving for their children's educations than they are about saving for retirement.

The survey found that 37 percent of the more than 1,100 parents who were interviewed said saving for college was of primary concern, compared with 34 percent who said retirement was their top financial concern. The rest said that saving for a house, car or other major purchase was most important.

The cost of sending children to college has been rising fast in recent years. According to the latest survey from the college board, a nonprofit association based in Washington, D.C., tuition and fees at four-year private institutions rose nearly 6 percent to $21,235 for the 2005-2006 academic year from $20,045 in 2004-2005, while costs at four-year public institutions went up more than 7 percent to $5,491 from $5,126.

Most financial advisers urge families to save first for their own retirement and then put money aside for their kids' education, arguing that families can borrow to fund college but not retirement.

But Heywood said this conflicts with parents' aspirations for their children.

"People hear that and they say, 'Too bad about retirement savings; my kids are going to college."See, your parents really do care about you! Perhaps you could show your appreciation by making the Dean's List?

Merit-Based Aid Attracts Students, Taxes Colleges

Posted on January 10th, 2006 in Uncategorized | No Comments »

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(Source: Allegheny College)The Ivies and potted ivies such as Amherst and Williams don't have to worry about filling their classes, and filling them with the best students. Neither do Stanford and Caltech and MIT. But many private colleges, especially those with small endowments and limited prestige, are competing with each other and less-expensive public institutions in a race to win students and balance budgets.

To do so, colleges engage in tuition discounting, which essentially means they're returning tuition dollars in the form of aid. Some of that aid addresses students' financial need, but increasingly scholarships are based on some form of merit. In other words, colleges are buying classes, often at the expense of campus improvements and other key investments.

Here's a passage from the New York Times:

Squeezed on one side by state universities, whose tuition is a tiny fraction of what private colleges charge, and on the other by elite private institutions like Yale, Princeton or Amherst, private liberal arts colleges like Allegheny are routinely offering merit aid to students these days. Such scholarships are particularly pervasive in the Midwest, where many liberal arts colleges award them to as many as half or even three-quarters of their students.

The grants are not based on the traditional rationale of a family's financial need, but on academic achievement and the desire of colleges that are not among the nation's most prestigious to recruit high-achieving students. Sometimes, too, less elite colleges award merit aid simply to fill their Freshman classes.

The result is a college pricing system that can feel as varied, or even mysterious, as buying airplane seats, with students sometimes shopping for the best deal. University officials, defending the era of $30,000-a-year tuitions, speak of a "sticker price" and "discount price" and note that many students do not pay close to the full costs of tuition.

You can read the rest here.

Legislation Supports Insurance Coverage For College Students

Posted on January 8th, 2006 in Uncategorized | No Comments »

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After her daughter died of colon cancer when her insurance coverage was revoked as a result of having to leave school, a mother fought back.

Student health insurance usually requires the student to be enrolled full-time in order to have coverage, which punishes the students who are so ill they must take a leave of absence, the students who need it the most.

Foster's Online reports:

Over the last year, AnnMarie Morse has led a crusade in the Legislature fighting for the legislation to help college students like her daughter. Michelle's Law was held in committee, where supporters feared the legislation would be squashed.

"This feels just awesome," Morse told reporters after Wednesday's voice vote. "We were never asking for a lifetime, we were asking for just 12 months … for other students like Michelle, I can't change the outcome of their illness, but the whole plan is to ease some of the burden for them. That's why we have insurance."

Although she tried to fight the diseases while maintaining her workload at PSU, Michelle Morse was eventually forced to give up her full-time course load at PSU. She persevered, however, graduating cum laude this past spring.

After Michelle was diagnosed, AnnMarie Morse was shocked to learn her self-funded insurance program would only cover Michelle's expenses if she were a full-time student, which is similar to policies of all companies regulated by the state Insurance Department.

Without the help of the insurance, AnnMarie Morse said her only option was to pay $550 per month for C.O.B.R.A., which is 36-month temporary insurance coverage.
So, Morse said she will continue her fight in the state Senate, and then move on the federal level hoping to add the provisions of Michelle's Law to the ERISA laws.

College Student Punished For Blogging

Posted on January 8th, 2006 in Uncategorized | No Comments »

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We've all heard of bloggers being fired from their jobs for lambasting their employment situation online, even when they don't name the subjects. But what about college students 'guilty' of the same thing?

After a student at the Marquette Dental School criticized professors and classmates (though he did not name them) in his blog last month, he received severe punishments including suspension, a revoking of an academic scholarship, and orders to meet with a counselor.

The decision ignited controversy over the issue of free speech. Recently, the punishments were reduced in severity.

From the Marquette Warrior:

The suspension has been overturned. Rather, the student will face three semesters of probation.

The action of the Student-Faculty Review Committee stripping him of his scholarship has been reversed.

The student will not be required to seek counseling for (nonexistent) "behavioral issues."

The student will have to do 100 hours of community service, and make a public Apology to his class.

Lobb apparently took the issue to an Advisory Committee in the Dental School.

The action has to be seen as a rebuke to Dental School Associate Dean for Academic Affairs Denis Lynch and to Dr. Anthony Ziebert, who presided at the hearing. Either Lobb is now quite mad at Lynch and Ziebert, or Lobb is himself part of the problem.

It's also a rebuke to the entire Student-Faculty Review Committee, who signed off on a draconian punishment that they had to know was absurdly harsh. The Committee failed to properly function as a check on administrators who were abusing their power.

The punishment is still too harsh. The most that the Dental School should have done is for some administrator to take the student aside and say "off the record, don't you think those posts were a bit ill-advised? Don't you think that maybe you should take them offline?" The least the school could have done was to entirely blow off something that was, in reality, pretty trivial.What do you think? Did the school have the right to do this? Or are they hypocrites for punishing the practice of free speech and shared opinions, the very things higher education is supposed to encourage?

Obscure Scholarships Cause Headaches

Posted on January 6th, 2006 in Uncategorized | No Comments »

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(Source: Vassar College)Anyone familiar with college fund raising knows that donors can restrict scholarship gifts so narrowly that it's sometimes difficult to find students who meet their criteria. Donors may prefer students with a particular major, or from a particular city, or with a particular set of extracurricular interests. And some donors combine all of those attributes in their restrictions. Good luck finding worthy candidates. As a result, millions of dollars go unclaimed each year.

Other obscure and peculiar scholarships do find happy recipients who happen to be lucky enough to fit the bill.

Here's a bit from the New York Times:

Every year, millions in scholarships and financial aid are awarded at more than 4,200 colleges and universities. But other scholarships, amounting to perhaps several million dollars more, are tied up in endowments that have rules so obscure and restrictive that they are rarely tapped—even as the cost of higher education soars. [....]

By and large, these unusual scholarships are holdovers from the 19th and early 20th centuries, education officials said, when benefactors endowed scholarships through a will or an informal letter, setting terms that have not always kept pace with the times. "Finding a Baptist minister's daughter is a little bit hard these days," said Michael P. Fraher, director of financial aid at Vassar College, referring to a requirement for one scholarship there. [....]

Then there are those scholarships that are unusual but have no shortage of takers. Juniata College in Huntingdon, Pa., has a $1,000 scholarship for left-handed students. David Letterman set up a $10,000 top award at Ball State University in Muncie, Ind., for telecommunication students who have a creative mind. There are scholarships for tall people, short people and fat people.

Loyola University in Chicago has a scholarship for Catholics with the last name of Zolp, which is currently filled. The university has not had to do any extraordinary recruiting. "We've had quite a few Zolps come through," said Edward R. Moore, the university's scholarship director. "They seem to know about it."So if you're strapped for cash and can't find enough financial aid, browse the scholarship catalog one more time. You just might find something bizarre enough to qualify for.

President Bush Spends Millions On ‘Strategic Languages’

Posted on January 5th, 2006 in Uncategorized | No Comments »

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President George W. Bush will soon announce his plan to fund the inclusions of 'critical' languages into college and university programs. These languages include Chinese, Arabic, and other Middle Eastern languages.

The announcement premiered to mixed reviews.

From Inside Higher Ed:

Some language experts are excited about the administration interest and say that the additional funds could provide a needed boost for their work. But others — especially scholars of the Middle East — are troubled by the Pentagon role in the effort.

In many Middle Eastern countries, the reputation of the U.S. government is so poor that American scholars already face credibility problems, and the sense that the Pentagon is behind a major language drive could make that situation worse, these scholars say. Many other professors are somewhere in between — hoping that the new programs can be run well, but nervous about the administration's motives.

"Having more Americans who know any foreign language is always a great thing, regardless of what employment sector they are in," said Juan Cole, professor of history at the University of Michigan and president of the Middle East Studies Association. He predicted that some of those educated by the military in foreign languages would end up in business, in academe, and elsewhere — better off professionally because they will speak Arabic or Chinese or other languages.

At the same time, he warned against false expectations. "Simple knowledge of language, put to narrow instrumental purposes, would not in and of itself solve the U.S. government's problems in the Arab World, as the example of Israel, which has lots of officials fluent in Arabic, demonstrates," he said.
Details of the new program are expected tomorrow, when President Bush speaks to a group of college and university presidents who were invited to a meeting in Washington.

What Professors Really Mean

Posted on January 3rd, 2006 in Uncategorized | No Comments »

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Hmm…professors. The stereotype is the absent-minded, gray-haired curmudgeon who is not exactly student-friendly. This may be true for some, though there are many, many types. But a common problem exists among all: students often have trouble communication with them.

College is tough, and sometimes you need to laugh. With that in mind, I present to you a translation of professor-speak: what they really mean in those common phrases they use.

This list has been around for years, but it never gets old.

Some of my Favorites:

My office hours are by appointment only. (I like to get out of here early.)

The final will be comprehensive. (I'll expect you to recapitulate in two hours everything I couldn't fully cover myself in 15 weeks.)

Everyone will prepare in-class oral presentations. (This course is outside my specialty—I'll just bluff it and let YOU teach.)

Let's have class outdoors today! (I had beans for lunch.)

The full list is here.

Freshman Seminars Remain Popular

Posted on January 3rd, 2006 in Uncategorized | No Comments »

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(Source: Connecticut College)
Econ 101, Poli Sci 101, Expository Writing and…The World of Reality TV? College freshmen these days have the opportunity to add offbeat seminars to their fare of standard courses. Some focus on rather whimsical topics, while others tackle more meaty issues. Consider the following from the AP:

For first-year students, they are kicking around some heady questions: Is there such thing as absolute mathematical truth? Can a perfect circle exist? What if two plus two didn't equal four?

The Connecticut College freshman seminar, like those at other schools, is built around an interdisciplinary topic—in this case it's "infinity," with readings from mathematicians, philosophers and poets.

Unlike most of the larger, more anonymous lectures where freshmen year is often spent, this class has only about a dozen students. There's constant discussion, lots of teacher feedback, and a major year-end writing project.

Such courses have been around nearly a half-century, and longer by some definitions, but their popularity is surging. The number of colleges offering freshman seminars nearly doubled between 2000 and 2003 to about 25 percent, according to surveys of about 620 two- and four-year colleges by a University of South Carolina research center. Connecticut College launched its program this year, and other schools are expanding theirs. [....]

An intimate class with a top professor on a stimulating topic—could there be a more satisfying academic feast? Few would disagree that freshman seminars are what college is supposed to be about. Still, Stanley Katz, a Princeton scholar and longtime observer of curriculum issues, wonders if it is the best use of faculty.

"What we're doing is investing very expensive faculty time teaching both small groups of students and teaching students in their first year of college," he said.And what, we might ask, is wrong with that?