Tuesday, August 28, 2007

The College Board Ends Its Student Loan Program

The College Board is ending its role as a lender in the Federal Family Education Loan Program (FFELP) and will not accept new loan applications after Oct. 15, 2007.

The College Board will continue to honor its obligations to existing borrowers through the 2007-2008 academic year.

The College Board’s decision to end its student loan program was based on the enactment of new legislation and codes of conduct regarding the student loan industry.

Read the full release.

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SAT Scores At Historic Low

The College Board, developers of the Scholastic Aptitude Test (SAT), are reporting that average SAT combined scores are at their lowest in a decade. Average combined scores on the math and critical reading sections for the test-takers in the high school class that graduated in 2007 (all 1.5 million of them) declined for the second year in a row. This year's scores fell four points from those of the previous year. Scores dropped seven points last year.

Average scores on the math section fell three points, to 515, and reading scores fell one point, to 502, out of a possible 800 points. A record 1.5 million students took the exam.

College Board officials said this year’s decline stemmed from the greater proportion of low-income and minority students who took the SAT (39% of test-takers were minority students). According to the College Board, white students score higher on the SAT than black and hispanic students do.

Read the full release.

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Saturday, August 11, 2007

Top Study Abroad Destinations for U.S. Students

Top 5 Study Abroad Destinations of U.S. Students
Britain 32,071
Italy 24,858
Spain 20,806
France 15,374
Australia 10,813

Fastest-Growing Destinations
Argentina +53.1%
India +52.7%
China +34.9%
Brazil +28.3%
Czech Republic +19.4%
(Source: Institute of International Education)

Learn more about study abroad opportunities!

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Black Men Who Graduate From Black Colleges Earn More

A study conducted by Jill M. Constantine, Assistant Professor of Economics at Williams College, revealed that Black men who graduated from historically black colleges and universities (HBCUs) earned more than Black men who graduated from other four-year colleges and universities.

The study entitled "The Effect of Attending Historically Black Colleges and Universities on Future Wages of Black Students" used data from the National Longitudinal Survey of the Class of 1972 to estimate the effect of attending historically black colleges and universities (HBCUs) on future wages of black students.

Constantine found that although the pre-college characteristics of students who attended HBCUs predicted lower wages than did the pre-college characteristics of students who attended mixed or historically white four-year institutions, the value added in future wages from attending HBCUs was 38% higher than that from attending traditionally white or mixed institutions for the average black student graduating from high school in 1972.

Constantine argues that this is evidence that HBCUs played an important role in the labor market success of black students in the 1970s, the author argues, should be carefully weighed in decisions affecting the future of these institutions.

In a new study entitled "The Earnings Impact of Historically Black Colleges and Universities" by researchers at Virginia Tech shows that Black males have no initial advantage from HBCU attendance but that their wages increase 1.4 percent to 1.6 percent faster per year after attending HBCUs compared to Black males who attended other colleges and universities.

This study used data from a series of surveys that examined the financial and life situations of men and women from 1979 to 2004.

In addition to their findings about the benefits to Black male graduates of HBCUs, they found that no similar benefits appear to accrue to Black women. And, that much of the benefits may be due to the social networks they were able to build while attending HBCUs.

Both studies are incredibly significant at a time when affirmative action in college admissions is under attack, the Federal government is promising extensive changes to student financial aid, and college attendance rates for Black men is at an all-time low.

Apply to 34 HBCUs with a single application.

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