Applicants to Harvard University's business school should use their admissions essay to write about meaningful events and influences, says admissions consultant Linda Abraham. "But under no circumstances should they merely repeat what's in their resume, transcript, or elsewhere in the application," she suggests.
Women who are pursuing an MBA while raising children say they often have to miss out on activities such as school concerts, but they also say the degree is worth the sacrifice to support their families. "You realize that this is a pretty short-term, impactful investment for a really big return in the future," says Jenna Herr, a single mom and an MBA candidate at the Wisconsin School of Business, University of Wisconsin-Madison.
Tuition and fees at four-year public colleges and universities have risen by 55% over the past 10 years, but private, four-year institutions saw increases of 44%, according to a report by GoBankingRates. The increases come as state funding for higher education has declined.
Student-loan borrowers with the highest debt-to-earnings ratio live in cities in Arizona and Florida, while those with the least amount of student debt live in California, New York, Wyoming and Texas, according to a study by WalletHub. The high amount of debt can affect graduates' ability to buy homes or save for retirement, analyst Jill Gonzalez says.
Colorado, New York and Maryland are the latest states to pass laws regulating the student-loan companies that operate within their borders. Student-loan industry groups and the Trump administration have argued that states don't have the right to regulate these companies.
DaVita dialysis company co-founder Barry Cosgrove and his wife Ingrid, have donated $1 million to support first-generation college students at Marquette University. Cosgrove, who was a first-generation student and is an alumnus of Marquette, said he hopes the scholarship funded by the donation will allow low-income students to pursue their dreams.
An analysis of federal data shows that students who are white, Asian or from a higher socioeconomic background are more likely to perform better academically, compared with black, Latino or students from low-income households, regardless of their academic abilities. The report from the Georgetown University Center on Education and the Workforce says, "[A] child from the bottom quartile of socioeconomic status who has high test scores in kindergarten has only a three in 10 chance of having a college education and a good entry-level job as a young adult."
A survey by Strada Education Network and the Lumina Foundation shows that 85% of adults who hold a certification but no college degree are employed full time, compared with 78% of those without such certification. Workers who see the most benefit of certification are in fields such as construction, engineering and architecture.
College enrollment of black men surged between 1980 and 1985 but after the Anti-Drug Abuse Act passed in 1986, black men were 10% less likely to go to college, according to a study. Author Tolani Britton, a professor at the University of California at Berkeley, says more must be done to help people in prison and the formerly incarcerated get access to higher education.
The University of Minnesota has made progress in cutting $90 million from its administrative budget by eliminating more than 600 positions, a plant pathology library and law school water coolers. Critics say, however, most cuts have hit lower-paid employees harder than upper management.