3.4 • 1.5K Ratings
🗓️ 23 December 2024
⏱️ 17 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | I'm Lydia Who and this is the Fox Business Rundown. |
0:08.2 | Monday, December 23rd, 2024. |
0:11.3 | I'm Lydia Who. |
0:12.5 | On this shortened week of trading on Wall Street, |
0:14.8 | we take a look at the state of higher education and ask, |
0:18.8 | is college getting easier to get into? |
0:21.9 | So this was a bubble that kept blowing and blowing and then it's coming to a burst. |
0:27.5 | And the families are now realizing or actually questioning the value of college education. |
0:34.4 | Students work hard and stress about getting into college. From grades to standardized |
0:39.6 | exams, letters of recommendations, and personal essays, the process can leave a student's stomach |
0:44.8 | tied up in knots. But new data suggests maybe they can relax a bit. For many schools, |
0:52.2 | acceptance rates are climbing, meaning it's getting easier, and colleges |
0:57.0 | and universities are competing with each other to recruit students. For some students, this means |
1:02.0 | they can leverage an acceptance into a discount in tuition. |
1:06.0 | It is correct that the median acceptance rates have risen. In fact, if you look at the nonprofit four-year colleges, almost 90% of them now admit half of their applicants. |
1:18.6 | Ibrahim Ferrat is the chief educational consultant at Ferrat Education. |
1:22.6 | Compared to 80% in 2012. |
1:25.6 | So you look at that number and you can say, okay, is college more accessible? |
1:31.8 | It is for those majority of the colleges. However, for hyper-competitive colleges or high to mid-tier |
1:40.2 | colleges that have 30% or fewer admit rates, those colleges are getting harder. |
1:48.0 | So we are seeing two extremes. |
1:49.6 | We're seeing on the lower competitive college side, numbers rising dramatically. |
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