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Post by hcpride on Oct 3, 2023 6:10:41 GMT -5
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Post by sader1970 on Oct 3, 2023 6:40:46 GMT -5
Good stuff. Without me looking it up, years ago tuition was almost exactly the same as room and board. In other words, half the cost of a college education if you lived on campus. Is that still true?
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Post by newfieguy74 on Oct 3, 2023 6:53:32 GMT -5
Good stuff. Without me looking it up, years ago tuition was almost exactly the same as room and board. In other words, half the cost of a college education if you lived on campus. Is that still true? According to the HC web site tuition is about 60K a year and housing/food/etc. is about 19K a year. |
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Post by sader1970 on Oct 3, 2023 6:57:58 GMT -5
That’s a radical change! I guess faculty and staff salaries and overhead are accelerating faster than food but with all the new dorms I would have guessed that “board” would have been a lot more. That’s why I’m not a college administrator. 😏
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Post by hcpride on Oct 3, 2023 7:27:10 GMT -5
Sounds rather impressive at first blush.
To expand access to a Lehigh education, beginning in the fall of 2024, the new Lehigh Commitment will provide a full tuition grant (the family will pay no tuition) to all admitted and current undergraduate students from families with a household income of less than $75,000.
“With the Lehigh Commitment, we are expanding our effort to ensure that every student, regardless of their financial background, has the resources and opportunities to achieve their fullest potential throughout their college career,” said President Joseph J. Helble ’82. “We are thrilled that this grant will lessen the cost for many families, and make a Lehigh education accessible to more talented students who will strengthen our campus community. This expands our commitment to being a community for all, supporting the ambitious goals outlined in our 'Inspiring the Future Makers' strategic plan to help all students unleash their full potential to shape the future.”
1. I do like the 'grants' rather than loans approach and the fact it applies to already-enrolled students is nice.
2. I don't know how many Lehigh students are in this financial aid group [< 75K combined parents income] nor do I know how generous Lehigh already is with this group so it is impossible to guess how much the new inititialve will cost Lehigh. (Beyond that, a cynic might note, they could accept less of this financial aid group to control costs a bit)
3. They should see an uptick in student applications based on this.
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Post by Tom on Oct 3, 2023 7:39:00 GMT -5
Playing the cynical role, is Lehigh currently "need blind" ? It's one thing if the school was never need blind. It's a little different if this new policy also changed that policy.
I can't keep up with all the changes, but last info I had, I think HC was need blind for regular admissions, but need might play a role when filling a class off the waiting list
It transfers the onus onto the school, but this is one way to curb spiraling student debt
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Post by sader1970 on Oct 3, 2023 7:42:50 GMT -5
But only if the school has the financial resources to fund this. The larger problem IMO is that to lower student debt on a macro level, most colleges and universities need to do this or something similar. HC of course, has the initiative to increase our scholarship kitty.
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Post by DFW HOYA on Oct 3, 2023 8:58:25 GMT -5
Playing the cynical role, is Lehigh currently "need blind" ? It's one thing if the school was never need blind. It's a little different if this new policy also changed that policy. I can't keep up with all the changes, but last info I had, I think HC was need blind for regular admissions, but need might play a role when filling a class off the waiting list It transfers the onus onto the school, but this is one way to curb spiraling student debt Lehigh is need aware. Its web site states that: "For the vast majority of applicants we do not consider whether they are applying for financial aid or how much FA they might need to attend Lehigh. For a very small portion those financial considerations may become one factor among many in an admission decision." |
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Post by nycrusader2010 on Oct 3, 2023 9:14:38 GMT -5
HC was need blind back when I was applying. Sometime in the last decade or so, we became "need aware".
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Post by Tom on Oct 3, 2023 10:30:09 GMT -5
HC was need blind back when I was applying. Sometime in the last decade or so, we became "need aware". Is that for everyone or only people pulled off the waiting list? If HC is "need aware" for regular decision applicants, that is a change from my most recent info |
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Post by KY Crusader 75 on Oct 3, 2023 10:41:04 GMT -5
$75,000 is, depending on the source, just about equal to the median household income in the USA. So half the families in the USA would fall into the eligible group. I'll suggest that children from higher income families are more likely to (1) have an interest in attending Lehigh and (2) have the academic qualifications to get accepted. This is an admirable initiative from Lehigh and I'll guess that it would apply to maybe 10 to 20% ofits applicants
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Post by hcpride on Oct 3, 2023 10:53:46 GMT -5
HC was need blind back when I was applying. Sometime in the last decade or so, we became "need aware". Is that for everyone or only people pulled off the waiting list? If HC is "need aware" for regular decision applicants, that is a change from my most recent info ’Need blind’ is a rather wobbly phrase as a threshold matter. Beyond that: www.ivycoach.com/the-ivy-coach-blog/college-admissions/the-super-sneaky-college-of-the-holy-cross/One suspects ‘need blind’ and ‘need aware’ is a distinction without much difference. |
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Post by hcpride on Oct 3, 2023 10:57:46 GMT -5
$75,000 is, depending on the source, just about equal to the median household income in the USA. So half the families in the USA would fall into the eligible group. I'll suggest that children from higher income families are more likely to (1) have an interest in attending Lehigh and (2) have the academic qualifications to get accepted. This is an admirable initiative from Lehigh and I'll guess that it would apply to maybe 10 to 20% ofits applicants Of course, the Lehigh Initiative ultimately applies to the accepted/enrolled (v applicants) and its anybody’s guess (and purely Lehigh’s decision) as to that number. I’m too lazy to find Lehigh’s old cost calculator and see financial aid for under 75K legacy v new Lehigh Initiative. I assume numbers well under 75K were receiving close to full tuition (inc. loans) anyway but I could be wrong. |
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Post by timholycross on Oct 3, 2023 11:37:22 GMT -5
Good stuff. Without me looking it up, years ago tuition was almost exactly the same as room and board. In other words, half the cost of a college education if you lived on campus. Is that still true? All I can add to that was when I started in the fall of '69, tuition broke the $2,000 barrier for the first time; I figure it was in the low 3s my final year. So, I figure 10K went to tuition for my 4 years. The final tab for everything was, I believe, 16K. |
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Post by sader1970 on Oct 3, 2023 11:58:00 GMT -5
While I may be mistaken, my recollection was that the cost of HC from '66-'70 was $2,500 and was evenly split, $1,250 tuition and $1,250 for room and board. Total might have gotten bumped to $2,800 senior year but pretty sure I thought I got a $10,000 education. Big bucks in those days.
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Post by DFW HOYA on Oct 3, 2023 12:56:25 GMT -5
No, it's a big difference. A college that says need blind and takes finances into account at admission is a lawsuit (or hundreds of lawsuits) waiting to happen. There are firewalls in place at need-blind schools that admissions and financial aid do not share information. Need blind and full need is a significant financial commitment for a school, for it is a major risk that the college can pay for an incoming class that has more need than what the school expects. Schools that provide one but not the other (e.g., need blind, not full need, or need-aware and full need) are managing a pool of assets and determine that not offering both is not injurious to its admissions rate or its national brand. Many schools don't commit to either. From Wikipedia, a survey of Catholic colleges and universities by financial aid policy: Need blind, full need: Notre Dame, Georgetown, Boston College Need aware, full need: Holy Cross Need blind, does not meet full need: Fordham, Saint Louis, Santa Clara, St. John's, San Diego Need aware, does not meet full need: Catholic, Creighton, Dayton, DePaul, Fairfield, the Loyola schools, Marquette, Providence, Seton Hall, Villanova Of these, Villanova appears to be the outlier relative to their peers and rankings. |
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Post by alum on Oct 3, 2023 13:15:34 GMT -5
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Post by longsuffering on Oct 8, 2023 18:07:54 GMT -5
While I may be mistaken, my recollection was that the cost of HC from '66-'70 was $2,500 and was evenly split, $1,250 tuition and $1,250 for room and board. Total might have gotten bumped to $2,800 senior year but pretty sure I thought I got a $10,000 education. Big bucks in those days. Which might have been covered or close to covered by your first year salary out of college. Who today starts at $300+K right out of college with a Bachelors Degree? That's where higher education, aided by Federal student loans has really outpaced inflation. Pay for college with funny money and don't compare sticker prices like you would for a pound of hamburg. Same concept with medical prices. How many hospitals or Doctor's Offices have a menu with prices on the wall for different services like McDonald's or Burger King does? |
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Post by sader1970 on Oct 8, 2023 18:52:34 GMT -5
From memory of more than 50 years ago, my student loans were designed to be paid off in 10 years but I accelerated my payments and paid them off in 7 or 8 years. Felt almost as good as paying off a home mortgage but definitely better than paying off multiple car loans over the years.
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Post by longsuffering on Oct 8, 2023 18:53:25 GMT -5
Which is more ethical, need aware and full need or need blind but not full need? The ethical flaw I see is the Holy Cross approach of rejecting (only a modest number I assume) more qualified less wealthy applicants in favor less qualified more wealthy applicants to maintain membership in the full need club.
The need blind but not full need approach would at least allow Holy Cross to admit only the most qualified applicants and then let the families decide if they want to take more aid from another college, take a gap year, refinance the house, Dad get a second job, go to a State School etc.
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Post by hcpride on Oct 9, 2023 8:28:51 GMT -5
Which is more ethical, need aware and full need or need blind but not full need? The ethical flaw I see is the Holy Cross approach of rejecting (only a modest number I assume) more qualified less wealthy applicants in favor less qualified more wealthy applicants to maintain membership in the full need club. The need blind but not full need approach would at least allow Holy Cross to admit only the most qualified applicants and then let the families decide if they want to take more aid from another college, take a gap year, refinance the house, Dad get a second job, go to a State School etc. More than one person suspects essentially all schools keep an eye on the bottom line constantly (and that includes during admission decision time). There are all sorts of self-selected feel-good words (which can be changed on a dime and with no fanfare) to describe the admissions process relative to need. And what school doesn't know that admitting the early decision applicants pretty heavily, for example, is generally quite good for the bottom line (not withstanding any of the feel-good words). |
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Post by hcpride on Oct 9, 2023 8:35:17 GMT -5
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Post by sader1970 on Oct 9, 2023 10:10:33 GMT -5
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Post by hcpride on Oct 9, 2023 10:17:33 GMT -5
Did Brooks Shields go there for free?   LOL. Something tells me Preston Bezos didn’t attend for free. 👍 |
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Post by longsuffering on Oct 9, 2023 11:28:37 GMT -5
Which is more ethical, need aware and full need or need blind but not full need? The ethical flaw I see is the Holy Cross approach of rejecting (only a modest number I assume) more qualified less wealthy applicants in favor less qualified more wealthy applicants to maintain membership in the full need club. The need blind but not full need approach would at least allow Holy Cross to admit only the most qualified applicants and then let the families decide if they want to take more aid from another college, take a gap year, refinance the house, Dad get a second job, go to a State School etc. More than one person suspects essentially all schools keep an eye on the bottom line constantly (and that includes during admission decision time). There are all sorts of self-selected feel-good words (which can be changed on a dime and with no fanfare) to describe the admissions process relative to need. And what school doesn't know that admitting the early decision applicants pretty heavily, for example, is generally quite good for the bottom line (not withstanding any of the feel-good words). Are there any industry standards (enforceable or not) preventing one college determining an applicant's need is less and the expected family contribution is more than another college concludes using the exact same info? |
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