<p>
[quote]
to quote ellenmope in post #8: "This generation's scholarship/financial aid kids will be the next generation's full pay parents, through planning and some luck!" My parents both went through college on full military scholarships and my father attended medical school on another one, and they were successful enough to pay for private colleges without any aid for both sons without blinking an eye. Plus, as an added bonus, they are paying my way through medical school and have told brother they will pay his way through law school. So, it's true what ellen said.
[/quote]
</p>
<p>That would be true for us as well. Hubby and I went on different combos of aid, scholarship, rotc, work, loans (zero from either sets of parents), all the way through, and now we could do full pay for our own.</p>
<p>California publics (UCs and CSUs) are not able to admit kids who would have qualified last year. Trickle down means the CCs are impacted and some programs (like nursing) have waits up to three years.</p>
<p>I think some programs will be closed. I also think some schools will close. Those that are very dependent on having a certain number in tuition dollars paid by families will not make it. The top schools will probably raise their tuitions.</p>
<p>It's going to be tough. Many folks here are losing their jobs. With the housing market the way it is, downsizing is not going to help much if at all since you may not be able to sell your house or pass the credit check to get into another one. Even those who are well to do are hurting because they are paying a lot in fixed expenses which really is the ultimate determiner of what you have left to pay. </p>
<p>State schools will be much more popular and competitive and a lot of schools will attract local kids who will commute. This is happening already. Some of my son's senior classmates did not even bother to apply to $50K+ schools. They only applied to local school where there is a chance for merit money and to state schools. My close friend just told me that it is doubtful her son will return to his very expensive college next year. His grades, though passing are not terrific, and they just cannot afford it anymore.</p>
<p>^ The University of Michigan is apparently planning to admit a larger number of sophomore transfers who went to privates or OOS publics as freshmen but are now reconsidering in light of economic constraints:</p>
<p>The Director of Admissions is quoted as saying that if Michigan initially accepted you to its freshman class but you elected to go elsewhere, it's likely you'll be re-admitted as a transfer---though she stopped short of a guarantee.</p>
<p>Those who are on semesters are essentially safe for this academic year. Those who are on quarter systems (state) are looking for Spring Term to be very challenging. Tax Cuts are not going to solve the problem of unemployment, reduced wages, lower credit scores, or student loan availability, and affordibility. Essentially we have mid-Feb to March 1 for the R's and D's to come to terms on whether middle income students will be in school or on-the-streets. They will remember who put them out of school and they are 18yo+.</p>
<p>Is there direct money for college students in the current stimulus bill? I thought that there was money for universities but wasn't sure as to how it would be put to use.</p>
<p>for some it is called pork and others will call it basic fare to keep the system running.
What I saw in the stimulus post was directed money to some programs which was of course attacked as pork. The Politics will work through the problem.</p>
<p>This is unfortunate to read about. I think you'll begin to see schools to change their admission class compositions - more out of state and more intels!</p>
<p>It is also affecting community colleges. Last night's news reported our local CC having to slash budgets while seeing a huge jump in student enrollment due to job losses along with those who can't afford a four yr. sch. now. One student said she had planned to take a full load at the CC but was only able to get into two classes.</p>
<p>sevan, I agree with you, but those OOS students are mostly wealthy students. I guess the public Us. don't care. If they accept OOS students, a big part of that is for additional revenue. OOS public tuition has skyrocketed. Some of them are charging so much that it is equal to paying full freight at the more modestly priced private colleges.</p>
<p>Absolutely. Just poking around the CC boards today yields a few articles on a few public school (I remember reading about Cal I think) and the changing composition. OOS students most definitely represent "higher margin business". Here's to the "need blind" programs!</p>
<p>"need blind" is great if you have the resources. But you cannot squeeze blood from a turnip and then there is the problem of trying to assess how the budget cuts are going to affect certain schools. So.. do those schools who stick to their need blind and no loan policies have to change the inherent nature of the education in the classroom? Larger classes, fewer resources? And for those who do pay full ride, where will those dollars most benefit that student? Certainly there are different questions for different sides of the coin.</p>
<p>Met a friend who has a son at Crichton College in Memphis. They were recently told the college will cut all day classes and fine arts and athletic programs after the spring semester. Wonder how many other small schools will be slashing and closing.</p>
<p>It's interesting that to see that this is really happening. I had a quick look at the school and they are a niche school in what they offer. It looks like costs run about $5,500 per semester for 15 credits (they only provide a per-credit charge - not a semester charge) so it appears to be pretty inexpensive for a private school.</p>
<p>Here's a blurb about the economy may effect UNC-CH:</p>
<p>"Furloughs, Layoffs Options as UNC Faces Budget Cuts</p>
<p>The only certainty about the state's share of the University's budget is that it will be cut - probably deeply - as the state deals with revenue shortfalls in the growing financial crisis.</p>
<p>Administrators and faculty are discussing how best to approach the personnel issue, which offers the most impact in the event of severe cuts: layoffs, salary cuts or not filling vacant positions. And UNC President Erskine Bowles '67 said Friday that he would ask for legislation to let campuses furlough workers."</p>
<p>UMASS: what kills me that that they will raise tuition and cut teachers, but keep all those "Offices of...." admin, PC, non-teaching stuff. Umass needs to get back to the business of being a teaching institution - not a country club with football and social agenda implementer.</p>