50 colleges seeking fall students -- and offering discounts
It's not too late to get into a good school this fall, and you may get a good deal on tuition.
This post comes from Matt Schifrin at partner site Forbes.com.
Last year at about this time I published a list of 50 well-regarded colleges that had reported to the National Association of College Admissions Counseling that they had not filled up their freshman classes, despite the traditional May 1 deadline passing. These schools were thus hungry for students and were offering cash rewards to acceptable applicants.
NACAC’s new 2014 "College Openings Update" list is out and there are a whopping 470 colleges listed as still urgently seeking either freshman or transfers students. This large and growing list of colleges that are unable to attract enough students is an alarming reminder of how troubled and inefficient the market for higher education is in the U.S.
The vast majority of colleges continue to engage in "prestige" pricing, but ultimately are forced to quietly offer deep discounts in an attempt to fill up their classes. Then, when even that doesn’t work, hundreds report that they still can’t find enough "customers."
Economics 101 tells us that either college admissions officers and their consultants are inept, or more likely, that the supply of schools offering college degrees needs to drastically shrink. But don’t hold your breath waiting for colleges to go bankrupt en masse; history shows that these government subsidized institutions can linger on for years even when their financial statements bleed red ink. (If you want to see the Forbes Financial Health Grade of your Alma-mater, click here.)
As 18th century British nobleman Baron Rothschild once said, the time to buy is "when there’s blood in the streets." He was referring to stocks, but the same holds true for those in the market for college bargains.
This slide show contains the names of 50 colleges that are lucky enough to have earned a spot in The 2014 Princeton Review Best 378 Colleges guide. Unfortunately, these great schools have also voluntarily placed themselves on NACAC’s list of colleges still in need of freshman and transfer student applicants for the coming term. Unlucky for them, but lucky for anyone with high school teens, looking for a top value school. Virtually all of the private-not-for-profits on our top 50 list offer deep tuition discounts, and not just for those with financial need.
In many cases, excellent liberal arts colleges like Knox College in Illinois, Lawrence University in Wisconsin and Wheaton College in Massachusetts offer tuition discounts to 80 percent or more of their accepted applicants. Our list of the top 50 is ranked in descending order according to average SAT scores, based on a 1600 tally of average math and critical reading scores. Needy colleges with undergraduate populations lower than 500 were excluded from our list.
Last year our top college was Sarasota’s New College of Florida, an excellent liberal arts and science public school with great weather and a 10-to-1 student to faculty ratio. It remains near the top of our list but from a selectivity standpoint the two top spots belong to Sarah Lawrence College in Bronxville, New York and State University of New York at Binghamton. Sarah Lawrence has a reputation for attracting smart, artsy students, with a serious left-of-center bias. There are no exams or required courses, and SAT scores are optional. Notable alums include Chicago Mayor Rahm Emanuel, designer Vera Wang and film and TV director J.J. Abrams.
I was surprised to find out that SUNY Binghamton didn’t fill up its Class of 2018. Back when I was growing up on Long Island the smartest kids in my high school knew that outside of Cornell University’s three public colleges, Binghamton and Albany were generally regarded as top notch and acceptances were coveted. That was more than 30 years ago and apparently SUNY Binghamton has been replaced by smaller and more picturesque SUNY Geneseo as the hot New York State public college.
Other excellent public schools looking for freshman include the University of Florida, University of Vermont, Arizona State and City University of New York’s Bernard M. Baruch College. Among the private-not-for profits, Gonzaga still has room as does Baylor University in Texas and liberal arts mecca Mills College, located in the foothills of Oakland, Calif.
While we only included 50 of Princeton Review’s Best Colleges from among NACAC’s needy 470, at least another 20, including NYC’s St. John’s University, Alfred University in upstate New York and Green Mountain College in Vermont are looking for freshman applicants.
More from Forbes.com
Sounds like to me the sheeple are wising up/waking up. Why spend the price of what a new home costs on an education only to wind up flippin burgers at their local Micky D's?
We have circled the drain long enough. We are right on the verge of being sucked down the $hitter pipe right into the cesspool of 3rd worldism. Hold on tight sheeple, it's gonna be one helluva rough ride.
Why go to college or educate yourself further when the Gov't offers free housing and medical to those who are purposely unfortunate.
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