Wednesday, December 9, 2020

How Much Parents Pay for Higher Ed


DECEMBER 9, 2020 | written by STEVE ULRICH
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1. How Much Parents Pay for Higher Ed
How to Make College Worth the Cost | CollegeXpress

by Audrey Williams June, Chronicle of Higher Education

"Amid a chorus of calls to cancel student debt, the U.S. Department of Education released new data on Wednesday that, for the first time, provides a look at the debt parents shoulder to pay for their children to go to college.

The bottom line about borrowers in the federal parent PLUS loan program: They’re taking out loans whose size could upend their finances.

Chronicle analysis of the data shows that at nearly 130 four-year institutions awarding mainly bachelor’s degrees, the median amount parents borrowed was $50,000 or higher; those students attended mostly small private colleges. 

Here are two takeaways from the data about what it means to be a PLUS-loan borrower:

Smaller private institutions tend to have some of the highest shares of parents who take on PLUS loans to finance their children’s education.

At small, private liberal-arts institutions, like Ferrum College, in Virginia, and Wesley College, in Delaware, 40 percent of parents took out PLUS loans. The median loan amount for both colleges was nearly $35,000. Thirty percent of parents of recent graduates of Georgetown College, in Kentucky, and Monmouth College, in Illinois, tapped into a PLUS loan at a median of about $23,000.

Parents borrow large sums of money for children who ultimately drop out.

Sometimes the path to college graduation doesn’t pan out, but the PLUS-loan payments that parents have to make don’t disappear. The analysis found that at public and private institutions, most parents of students who dropped out owed more than $10,000.

>> Continue Reading


2. NC Wesleyan Downs DI Foe

Kayla Johnson shooting...courtesy of Mike Armbruster

North Carolina Wesleyan outscored UNC Greensboro, 19-8, in the final quarter to upset the Division I Spartans, 52-37, on Monday night. Kayrisma Harrison led the Bishops with six points, nine rebounds and seven blocks, while Javana Jones added eight points and a game-high 16 boards. NC Wesleyan shot just 29.2 percent from the floor but a strong defensive effort held the hosts to just 18.1 percent success.

Last evening, Tristan Licon went off for 35 points as Sul Ross State evened its record at 2-2 with an 89-75 win over Mary Hardin-Baylor (2-2).


3.  DIII Identity Initiative Turns Ten


Division III’s Identity Initiative was introduced in 2010 to sharpen the division’s identity and to enable schools and conferences to more effectively explain why they prefer to compete in Division III. The initiative has been guided by a strategic-positioning platform, describing Division III as a place where student-athletes can “follow your passions and develop your potential,” within an approach that combines rigorous academics, competitive sports and an opportunity to pursue other interests.

The 2020-21 academic year marks the 10-year anniversary of the initiative. Division  III  staff  intend  to  recognize  the  impact  of  this  initiative  with  the  help  of  the  membership  from  mid-January  to  the  conclusion of Division III Week in April 2021. Follow the conversation via social media using the #D3Identity. For more information on the Identity Initiative, click here.


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4.  Scorecard

We continue to update the winter and spring competition seasons for schools and conferences.

Moving Forward (9)

Waiting to Make Call (5)

Canceled Conference Play and Championships (13)

Canceled Winter Competition (2)

5.  Comings and Goings
6.  1 PlayStation Thing

Photo: Katie Collins/EMPICS via Reuters

It's not just you: So-called "scalper bot" software has snatched up mass quantities of PlayStation 5 consoles to mark up and resell, Reuters reports.

  • It's illegal to scalp tickets for concerts and sporting events, but nothing bans scalped goods, Reuters notes.

The big picture: Other retailers have fought this battle, including Nike, which "went so far as to offer a pair of red Air Jordan 1 sneakers stamped with the words 'NOT FOR RESALE' on the sole" in 2018.

  • They are now available for resale for around $1,000, Reuters notes.

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