College Enrollment Drops Again
In reviewing college trends over the last 50 years, the U.S. Census Bureau has announced that total student enrollment has decreased for the second year in a row. Released last week, data shows college enrollment dropped by almost 500,000 last year. Including public, private, full-time and part-time institutions, the decline was equally divided among students both young and old. Visit The Wall Street Journal for the full report . Also check out Cherry Bekaert’s Education industry page for information on the accounting services we offer higher education clients.
Student Achievement Data Boosts Education Efforts
While teachers have traditionally relied on formative and summative assessments to review student achievement, today’s technology offers instructors a deeper understanding of educational needs. Using information such as test scores, grades and attendance levels, U.S. school districts are collecting data for evaluating the success of education programs and improving curriculum offered to students. For instance, teachers can analyze the data for modifying lesson plans, and school districts are able to make better decisions on which changes must be made. For the full article on student achievement data, visit the LinkedIn website. Also check out Cherry Bekaert’s Education industry page to review the services we offer. Read More.
Average College Savings Not Enough to Cover One Year
Released earlier this week, a report discovered that Americans are saving for college more than ever before. According to the College Savings Plans Network, higher education savings are at an average of $20,671, nearly twice the worth of the popular 529 plans during the recession. The higher amount is being contributed to an improved stock market and economy, better awareness of 529 plans and increased concern over the costs of higher education. Despite the good news, the report also notes that the average amount still falls short of the cost for one year at a four-year public institution. For the. Read More.
New York Fed Report: Bachelor Degree Offers $300K Value
In the first of four reports discussing issues facing college graduates, the Federal Reserve Bank of New York (“New York Fed”) recently assessed the value of a college degree. After estimating the average wage of college graduates versus people with only a high school diploma over a 40-year working period and incorporating other factors, the New York Fed concluded that the value of a bachelor’s degree remains at $300,000. The value continues to hold steady for over a decade, which has increased since the 1970s and been fairly consistent since the 1990s. While the New York Fed warns that the. Read More.
Senate Democrats Say Audit Excluded Analysis of Democrat-Backed Groups
After an audit by the Treasury Inspector General for Tax Administration last year discovered the Internal Revenue Service (“IRS”) was unfair in its scrutiny of Republican-backed Tea Party groups, a recent report by the Democratic arm of the Senate Permanent Subcommittee on Investigations (“the Subcommittee”) stated that Democrat-supported groups were given similar attention, but went ignored by the inspector general. Released last week, the report says the IRS mismanaged groups’ applications for nonprofit status, and last year’s audit did not mention the agency’s use of terms like “progressive” to label groups that leaned Democrat. While declining to participate in the. Read More.
Student Retention a Concern at Higher Institutions
Earlier this week, Dr. Ileana Roiz-Felipe published an article discussing the impact student retention has on a higher institution. Per the article, a university could lose accreditation if it does not meet the U.S. Department of Education’s minimum graduation and placement rates. Additionally, a university could lose faculty members, financial aid for current or future students, and the chance to add new academic programs due to loss of revenue. In response, some universities have implemented retention programs to help find potential sources of the issue, as well as assist students in meeting their graduation goals. For Dr. Roiz-Felipe’s full article , visit LinkedIn. Also. Read More.