A top “public Ivy” sees record ED/EA apps despite Covid

SocratesPost is always on the frontlines scouring the news for relevant updates in the college admissions landscape. We look for anything that can help shape our understanding of the latest trends in admissions and help our readers see the direction in which we’re moving.

Questions we explored this week:

  • Want to send your kid to Harvard debt-free? Here's how much you need to save each month in your 529 plan.
  • This "public Ivy" received a record number of Early Decision apps this year -- despite Covid's uncertainties. Which one?
  • Cash, card, check, or...coconut? This university will now accept the tropical fruit as a form of tuition payment.

November 13, 2020 — $1,713 per month

According to CNBC, to gift your child a debt-free Harvard undergrad degree, you’ll need to put aside $1,713 per month in your child’s 529 college savings plan. This assumes your 529 account value grows 4% each year, that Harvard increases its tuition 3% each year, and that your child matriculates in 2038 for a total cost of $540,520 for 4 years.

What does this mean? College costs continue and will continue to increase, but 529 plans aren’t the only, or best, way to save for college. Withdrawals from 529 savings can count as income, which decreases financial aid eligibility.

Read more here.

November 7, 2020 — University of Virginia

UVA’s Early Decision application count jumped 35% from last year. The number of Early Action apps increased by 15%. Both deadlines passed on November 1. The university, like many others, eliminated test score requirements this year and has already seen a 17% rise in total application numbers. For more on EA vs. ED, click here.

Picked for you:  This Ivy League school is getting too crowded

What does this mean? This is especially impressive because UVA transitioned to online recruiting and virtual tours — two big obstacles for garnering interest from many schools. Struggling universities could learn from them. But there will always be a population of college-minded families vying for seats in top institutions like UVA, pandemic or not.

Read more here.

November 8, 2020 — Venus One Tourism Academy in Bali, Indonesia

Covid hit and students couldn’t pay tuition. The hospitality college initially implemented a deferred payment plan, then realized they could be even more flexible: charge in coconuts and moringa leaves instead of cash. Administrators cited the goal of teaching students to “optimize the natural resources” around them.  The institution manufactures these raw materials into coconut oil and herbal soap that then are sold for operational income.

Picked for you:  Bad news for college-bound anti-vaxxers

What does this mean? Value isn’t only determined by cash count. There still is no guarantee that coconuts and moringa leaves are easy to find. The scavenger hunt might be a memorable and formative one for the future hospitality workers.

Read more here.

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