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We're starting a new blog series here at Vault in which we discuss different news and events that affect candidates in our education world--in this case, internships and law school, business school and college applicants and current students. Every week, we'll run through what we feel are the most relevant headlines and discuss how they impact education. So, without further ado, In the News August 4th to 11th:
The executive MBA program will further expand HBS' international reach, though the program will not be full-fledged, nor will it compete with Indian business schools. As the MBA degree continues to globalize, non-U.S. business schools are gaining traction. Maybe this is a way us Americans can hold onto the No. 1 spot.
The American Bar Association released its report of the almost six-month review of law school rankings--and U.S. News and World Report's specifically. Their conclusion? Rankings are bad, but there's nothing we can do about it. U.S. News' rankings editor Bob Morse replied, not surprisingly, saying that their rankings can't be blamed for everything they've been tagged with, not least of which the rising cost of tuition. U.S. News did not cause global warming, the recession or the health care debacle, people!
Rather than going on the traditional study abroad program to France or the U.K., more and more undergrads are choosing to go to Beirut, Jerusalem and Cairo. Their parents are worried about safety, but college students don't seem to be. They are learning the language and the culture in part to bridge the gap in a post-9/11 world. The majority of the students plan to pursue a career in foreign affairs, diplomacy or the nonprofit industry.
We lost the No. 1 spot 10 years ago, and Obama wants it back. The new student loan legislation, enacted with the health care bill, is anticipated to increase (somewhat) the number of students who graduate from college. But this isn't just about undergraduate education, the White House argues: "Mr. Obama will argue that closing this gap is critical to creating the kind of educated workforce that will be necessary to create and sustain economic growth over the long term."
According to FinAid.org and FastWeb.com, Americans owe about $829.785 billion in student loan debt. Woah. Credit card debt, as of June 2010, was only $826.5 billion. Just two years ago, credit card debt totaled $975.7 billion. I guess the good news is we're paying off our credit card debt. The bad news is that we're taking on more and more student loans. It doesn't paint a pretty picture of education (ahem, college, law school, business school tuition) costs in the United States.
The New York Times reported today that high school students are applying earlier and earlier to their dream universities. One rising high school senior applied at 3:30 a.m. on August 1st--the day the Common Application was posted. But undergraduate admissions offices say that applying early won't help sway decisions towards acceptance. In fact, they won't even look at the submitted applications until October. "It's not a horse race," Shawn Abbott of NYU admissions told NYTimes. So take your time on your applications and make sure they are perfect before you send them in. Submitting your application before the deadline won't win you any special treatment.
Because we need another law school. Louisiana College plans to create a law school in Shreveport, to serve the needs of the northwest Louisiana community. Louisiana College will announce the site of the new Paul Pressler School of Law on September 1st. The Shreveport Bar Association is behind it--but will the ABA support it and give accreditation?
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