Word: classing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Finding the funds to meet applicants' unprecedented financial need this year is a tall order for all but a handful of mega-wealthy schools, and as colleges decide how much they can afford to give, many worry they won't have enough to attract a full freshman class. Because private undergraduate colleges draw an average of 60% of their operating costs from tuition revenue, a student shortfall could cause a painful budget crunch, forcing schools to cut programs, slash faculty salaries and potentially raise tuition for students already enrolled. With admissions letters in the mail, many colleges are as nervous...
Colleges of all stripes are taking a battering as endowments evaporate and the alumni-donation well dries up. But when it comes to actually getting its class in the door, Skidmore, which allowed TIME to observe scholarship discussions and review admissions and financial-aid applications less than two weeks before the school mailed its final decisions, typifies the unique dilemmas that face smallish private colleges. Schools with deep pockets are coping: seven of the eight Ivy League universities, for instance, notched application increases this spring, three of them in double-digit percentages. The same goes for state schools and community...
...longer haunting us, and charges of socialism have lost the political power they had for most of the past century. Rather, it's suddenly capitalist piggishness that provokes genuine rage. When nearly half the House Republicans vote for a confiscatory 90% tax on Wall Street executives' bonuses, the old "class warfare" lines seem moot...
...disproportionate share of our best and brightest. Among the 2007 graduates of Harvard College who went straight to work, half the kids heading to banks and consultancies said that if money weren't an issue, they'd be embarking on different career paths, and the 20% of the class that went to work in public service, politics, the arts and publishing would instead be 39%. In the postbubble economy, plenty of smart and ambitious young people will still pursue financial careers, God bless them, but other fields will get a bigger share of the cream...
...same goes for our individual senses of lifestyle entitlement. During the perma-'80s, way too many of us were operating, consciously or not, with a dreamy gold-rush vision of getting rich the day after tomorrow and then cruising along as members of an impossibly large leisure class. (That was always the yuppie dream: an aristocratic life achieved meritocratically.) Now that our age of self-enchantment has ended, however, each of us, gobsmacked and reality-checked by the new circumstances, is recalibrating expectations for the timing and scale of our particular version of the Good Life. Which, of course, fuels...