Won't you please consider making a gift to D3Playbook. Your gift will help us offset the costs of operating the newsletter and enable us to continue to provide the quality you have come to expect. My heartfelt thanks to those who have already generously contributed. Join them today.
>> Good Monday morning. Braves-Astros. Should be an outstanding World Series.
>> Today's Word Count: 1,398. About 5 1/2 minutes on your busy Monday.
>> Thanks for reading D3Playbook. Make the extra pass and share us with a friend today. Let them know what they're missing.
"Each year, NACUBO comes out with its discount study. Let's talk about discount for a minute. Different colleges talk about it differently, and even with this IPEDS data, it's impossible to be precise. But discount rate essentially calculates how much of a college's tuition revenue is offered to students as institutional financial aid.
But there are some nuances to it. Let's start with an example. College X enrolls 1,000 students, and it charges tuition of $40,000. That means gross revenue is $40,000,000. If that college offers institutional aid of $10,000,000 to students, its discount rate is 10/40 or 25%. If it offers $20,000,000 its discount is 20/40 or 50%. Sounds easy.
But the assumption is that this aid is unfunded. That is, for a typical student under that second scenario, college X says, "We'll charge you $40,000 and then apply a "scholarship" of $20,000, which is really an accounting transaction. In other words, we'll educate you for $20,000 in cash. We've discounted your tuition by 50%.
Some aid, but typically not much, at private colleges in America is funded aid. That is, it comes in as cash from another source, like an endowed scholarship. When that happens, College X might charge $40,000, offer $10,000 of unfunded discount, and then use $10,000 of funded aid from that scholarship. In this case, the college's net revenue is $30,000 ($10,000 from the scholarship in cash, and $20,000 from the student). The discount is then only 25%."
>> Situational Awareness: "That net revenue piece is important, too. Colleges need cash to operate (amazingly, some people think "not-for-profit" means colleges don't care about money. They care.) If that student in the first scenario is from a upper-middle class family, the $20,000 might come from family money like savings or checking or a 529 plan. If that student comes from a very low-income family, the $20,000 might come from a Pell Grant of $6,000, a state grant of $5,000, a campus job, and a loan. Where that cash comes from makes no difference to the college. It's all cash, and it explains why colleges with lower tuitions can often afford to enroll lower-income students."
Coming soon ... a new way to get your college lacrosse news. Delivered right to your email in-box. From the people that created D3Playbook.
CONFERENCES
2. Champions
The Merchant Marine men and the St. Joseph-Long Island women won the first NCAA Division III cross country championships of the 2021-22 season with triumphs at the Skyline Conference meet in Milton, N.Y.
The Mariners were led by senior Aodhan Meyer who captured the individual title in 27:16.8 over the 8K course. It is the third straight crown for USMMA - the first time that has occurred in the Skyline since St. Joseph's-Long Island won four in a row between 2010-13.
The Golden Eagle women placed three runners in the top seven and seven in the top 13 to capture the championship. USMMA junior Sayra Raya won the individual race in a 6k time of 25:54.2, becoming the first repeat winner since St. Joseph's-Long Island's Christine Cristobal turned the trick in 2011-12.
The New England College men and the Lesley women were victorious at the New England Collegiate Conference cross country championships in Henniker, N.H.
ICYMI - Illinois defeated Penn State, 20-18, in nine overtimes on Saturday. New NCAA rules dictate that after the first two OT periods that place the ball on the 25-yard line, if the score is still tied, all remaining overtimes are settled by alternating two-point conversion plays.
That got us thinking about the longest Division III games in history.
Sarah Lawrence won its first Skyline women's tennis championship with a 5-1 decision against top-seeded Farmingdale State. Isabella Hardman won both her matches at No, 1 doubles and No. 2 singles.
>> Unbeatens (19): Birmingham-Southern, Central, Cortland, Delaware Valley, Ithaca, Lake Forest, Linfield, Mary Hardin-Baylor, Merchant Marine, Mount Union, North Central (Ill.), Saint John's, Susquehanna, Trinity (Conn.), Trinity (Texas), Union, Wesleyan, Williams, Wisconsin-Whitewater
>> Games We're Watching
No. 18 Susquehanna (7-0) at No. 20 Johns Hopkins (6-1)
George Fox (4-2) at No. 7 Linfield (6-0)
No. 15 Ithaca (7-0) at RPI (6-1)
No. 24 Washington & Jefferson (6-1) at Grove City (6-1)
Weddings have come roaring back, and now you can swipe right to find a date on Tinder who will go with you, Erica Pandey writes for Axios What's Next.
Mentions of "plus one" in Tinder users' bios have jumped 45%, with a whopping slate of weddings scheduled after the pandemic backlog.
Erica's thought bubble: Sure, a wedding can feel like one of the worst places to fly solo. But is it really better to bring someone along as a first or second date?
No comments:
Post a Comment