We hope you enjoyed the long weekend! We want to honor the men and women who gave the ultimate sacrifice for our country - as well as the incredible sacrifices made by their families and friends left behind.
BIGGEST COLLEGE-RELATED NEWS OF THE WEEK
VIRGINIA PUBLIC COLLEGES RAISE TUITION
Most Virginia colleges have voted to approve tuition increases of 3% or more for the 2023-2024 school year. The tuition hikes come on the heels of several years of little to no change in tuition during the COVID-19 pandemic. Virginia Tech, George Mason, and Christopher Newport have all said that their increases depend on the state budget, and they may cancel the tuition increase with enough state funding. The state budget will not be released until June at the earliest, in part because of the ongoing national debt ceiling negotiations.
GEORGE WASHINGTON REVOLUTIONARIES
Following student objections, GW changed its nickname from the “Colonials” to the “Revolutionaries” this past week. The committee working on the name sifted through 8,000 suggestions to find the new name, which will go into effect during the 2023-2024 academic year.
U.S. NEWS CHANGES RANKINGS METHODOLOGY
The U.S. News rankings have been under a lot of scrutiny recently, as schools critique the rating standards and even decline to participate in the popular ranking. In response, U.S. News has announced that it will alter its criteria. Metrics that track alumni giving, class size, faculty with the highest degree in their fields, and the high school standing of the entering class will be removed from the ranking (though still reflected on the U.S. News college profiles). Instead, the rankings will emphasize diversity and “success in graduating students from different backgrounds.” The first round of rankings with these revised criteria will be released this fall.
529 CONTRIBUTIONS INCREASE
With rising inflation last fall and early this year, contributions to 529 accounts have been on the decline - about $3 billion total late last year and early this year, compared to around $7 billion in the same time period last cycle. However, as inflation eased in recent months, contributions appear to be rebounding close to last year’s levels. Check out this article for more information - not only about recent changes, but also about 529s in general and how they work.
COURT UPHOLDS TJ ADMISSIONS PRACTICES
The Fourth Circuit Court of Appeals ruled that TJ’s new admissions policies do not discriminate against Asian-Americans, and that the changes help create equal opportunity for all applicants. This means that TJ’s new admissions process, which includes increasing the minimum GPA and coursework requirements, increasing the class size, and eliminating the standardized testing requirement, will stay in place. Many expect the decision to reach the U.S. Supreme Court on appeal - only time will tell!
BEST ARTICLES OF THE WEEK
Wondering which college majors make the most money after graduation? Top of the list is one you’ve probably never considered: operations research. Computer science, computer engineering, and veterinary medicine also crack the top ten. These stand in contrast to the most popular majors: business, nursing, and psychology. Where you go to school also has an impact, with computer science majors from schools like Harvard, Carnegie Mellon, Princeton, and Penn making over $200,000 four years after graduating. P.S. curious about the lowest-paid majors? The bottom of the list includes fields like music, dance, drama, and religious studies.
After #bamarush went viral on TikTok last year, HBO (I am struggling to get on board with the Max terminology!) followed with the Bama Rush documentary, which follows four students through sorority recruitment. The documentary highlights some of the highs and lows of the process - and while some students are happy with how it explores the complexities of sorority life, others feel that its representation of Greek life at Alabama is too negative. Check it out - but keep in mind that Greek life at Alabama is unique, and the recruitment process will look very different at different schools!
It may be hard to imagine any college student taking a voluntary technology fast and month-long vow of silence, but that is exactly what students do in Penn’s Living Deliberately class. Students learn about different monastic practices in class before putting them into action - yes, including waking up at five am and making arrangements to do their homework for other classes silently and without a computer. Believe it or not, the class has a wait list. The article argues that this should be more common, with colleges introducing a low-tech first year program that allows students to take a break from phones and computers and do a lot more reading and contemplation.
OFFICE HAPPENINGS
I finally graduated from the Goldman Sachs 10,000 Small Businesses program after spending last week at their headquarters in New York. Pursuing this program on top of running DC College Counseling definitely kept me busy this past year (understatement!) but it was worth every minute.
It’s been a while since I have walked across a stage, that’s for sure!
I bet most people have no idea how much Goldman invests into the small business landscape nationally - it’s absolutely incredible and I just feel so grateful to be the beneficiary of their generosity. In addition to learning a ton of content knowledge - I can make financial projections now! - I also really enjoyed getting to know the other entrepreneurs in my program.
The BEST group!
We came from so many different demographics and I just have so much respect for each of them. I actually started tearing up at our graduation just thinking about how lucky we are to live in a country where people with nothing can build a legacy for their families and truly change the course of so many lives in the process. Entrepreneurship is an amazing thing.
Lastly, I can’t write about the week without mentioning what was perhaps my favorite moment of the program! We were at a reception and one of the Goldman employees saw my name tag and got really excited, saying she had been trying to find me. Wait for it - she was one of my former students, an Oakton HS graduate!
How crazy is that - talk about things coming full circle!! She graduated from Notre Dame, which she loved, and of course now has an incredible job. It made me so happy to see how she has built a fantastic life for herself over the last decade, and that just put everything else all into perspective :)