Perfectly stated. +1Treating their alumni with unconcealed contempt may not be the best way to encourage contributions.
Perfectly stated. +1Treating their alumni with unconcealed contempt may not be the best way to encourage contributions.
Yeah, that didn't come out quite right. He's done very well and deserves everything he's earned. And JH is a great school, for sure. But he really liked PSU (and my wife and I are alumni), so I was a little surprised and disappointed at the disparity of aid. He's our oldest, so it was a bit of a shock to us as first-timers.
That would require self-examination that our BOT is not prepared, or is not willing, to do.
Barron gets his marching orders from the cabal.It's not the BoT, it's the administration, which makes the problem far more persistent.
Glad you brought that up:
I'm still compiling the current year numbers, but here is where they stand as of the 10 (out of 13) Big Ten Public Universities who's data is available:
"Of the 10 Big ten Universities with publically available financial statements, Penn State ($318 Million) ranks 4th highest in state appropriations. Well above the average of $268 Million:
Northwestern is a Private University.
Information from Maryland, Indiana, and Minnesota was not publically available for each separate state University."
Good summing up for this thread, I guess.Really just a huge disappointment.
Barron gets his marching orders from the cabal.
I recall once reading that Maryland College Park has a cap on the number of out-of-state students they will accept. I haven't been able to find a link along these lines and have instead found some WaPo articles which lead me to believe that no such cap exists. Regardless, Maryland CP is 76% in-state.Uh..........except PSU DOES HAVE - several times over - MORE endowment dollars available:
University of Maryland Endowment: $1.10 Billion
Penn State University: $3.991 Billion
https://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment
And - FWIW:
The gift to UMd was $219 Million........ but only a small portion was for "Financial Aid".....
The bulk was for funding Buildings, Faculty Chairs, and Program Enhancements.
https://www.washingtonpost.com/loca...ory.html?noredirect=on&utm_term=.e6abd02dc207
That said, UMd, despite having well less than 1/2 the endowment of PSU:
1) Grants 291% as many dollars of Merit-Based aid per student than PSU
2) Students who graduate with 35% less Debt than PSU
3) Has tuition for in-state students that is just 56% of what PSU charges.
All that info available here:
https://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=59
But.... we get a Statue Fetish and Chocolate Milk
SMFH
Good work norm.Uh..........except PSU DOES HAVE - several times over - MORE endowment dollars available:
University of Maryland Endowment: $1.10 Billion
Penn State University: $3.991 Billion
https://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment
And - FWIW:
The gift to UMd was $219 Million........ but only a small portion was for "Financial Aid".....
The bulk was for funding Buildings, Faculty Chairs, and Program Enhancements.
https://www.washingtonpost.com/loca...ory.html?noredirect=on&utm_term=.e6abd02dc207
That said, UMd, despite having well less than 1/2 the endowment of PSU:
1) Grants 291% as many dollars of Merit-Based aid per student than PSU
2) Students who graduate with 35% less Debt than PSU
3) Has tuition for in-state students that is just 56% of what PSU charges.
All that info available here:
https://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=59
But.... we get a Statue Fetish and Chocolate Milk
SMFH
Glad you brought that up:
I'm still compiling the current year numbers, but here is where they stand as of the 10 (out of 13) Big Ten Public Universities who's data is available:
"Of the 10 Big ten Universities with publically available financial statements, Penn State ($318 Million) ranks 4th highest in state appropriations. Well above the average of $268 Million:
Northwestern is a Private University.
Information from Maryland, Indiana, and Minnesota was not publically available for each separate state University."
By ignoring more in-state students - and taking more OOS (PSU UP is currently at 40+% Out of State...... not so long ago I believe the figure was closer to 15%) PSU increased their revenue by over $100,000,000 per year. (with the latest increase to OOS tuition, the figure is approaching $150,000,000 per year)
The cost? A huge drop off in academic standing - but they simply don't care (that is obvious).
I could very well entertain arguments that the State's level of funding for ALL higher education my be too low (there could be reasonable points made for both sides of that argument).
But, to do what they have done (ignore their mission as the State's Land Grant University, in the pursuit of gobs of "free money") - and then to go sobbing to the State for more appropriations - is hypocrisy to the Nth degree.
But EVERY ONE of "our" Trustees (and the elected folks are among the worst) sings that same old tired song.
And - for the most part - no one cares..... or even dreams of holding them accountable.
When my son was college seeking, he decided he wanted to go into pharmacy. we went to a college night where there were several institutions showing what they had to offer. There was a Penn State representative there and when he asked what our interests were , he politely said they did not offer that program. His options came down to College of The Sciences in Philly, Temple, Wilkes College, and....................Pitt. He chose to stay "home" and go to Wilkes, was hired by Happy Harrys/Walgreens in Rehoboth, De and is now Dean of Pharmacy at UMES.
My daughter is at PSU, in-state tuition and it still hurts.
I would not mind it so much if the quality of instruction increased with the tuition. My biggest complaint is the math department. It is downright awful and has been for at least 30 years. Most of the instructors seem to be foreign grad students with poor english skills, no teaching experience and bad attitudes. The general consensus among my daughter and her peers is that you get much better instruction at a community college for Math 140 and 141 (Calc I and II) than you do at University Park.
I don't mind paying more a product if the quality improves. I don't see an improvement at PSU, but I am paying more.
Not sure whether (or how) it factors in but I think Wisconsin also has a recicpocity relationship with Minnesota such that students from either state get in-state tuition from either school.UW Madison's appropriation per student is approx 25% higher than PSU's.
UW Madison is one of the highest, and - as the data posted shows - PSU is well above average (in State appropriations) than in its peer group.
UW also has in-state tuition of $10,500
(That's about 1/2 of PSU, for those keeping score. No matter where you put the goalposts - the score remains the same)
54% of UW Students were from the top 10% of their HS Graduating Class.
(about the same as Pitt's 52%)
36% of PSU Students were from the top 10% of their HS Graduating Class.
UW Students have an average SAT score of 1290 (688/602)
(about the same as Pitt's 1274 (649/625) )
PSU Students have an average SAT score of 1190 (612/588)
Uh..........except PSU DOES HAVE - several times over - MORE endowment dollars available:
University of Maryland Endowment: $1.10 Billion
Penn State University: $3.991 Billion
SMFH
My niece just accepted a full ride to Univ. Of Maryland in their honors program. She said PSU wouldn’t give squat.
Similar story for my son. He applied to 7 top-notch schools and Penn State was the only
school not to offer any scholarship money. Two of his friends also applied to Penn State. These
are all kids who were top 5-10% in their class and had SAT scores of 1450 or higher and ACT scores of 33 or higher. No financial incentive offered at all from PSU. So, he will be attending Texas and we will be paying $10K tuition per year instead of $32K.
What's the incentive for Penn State? Don't they already get tons and tons of applications? Having bright, award winning graduates is a nice feather in the cap, but doesn't seem to compare (in the eyes of the BOT) to a healthy revenue stream driven by OOS students willing to pay full boat.
My kid had to slum it at Lehigh . It was cheaper with his total aid package.
Of course he was just some clown with app 24 or so credits from AP science and math tests . Took the slacker five whole years to get his masters in ME.
Doubt he would have cut it at PSU, sarcasm intended .
So I get the OP’s frustration . PSU just isn’t a value anymore . Oh and we were in state so it was less expensive than the OP.
Our daughter got into Shreyer a few years ago, and really liked PSU but Shreyer only gave about a $3500 yearly grant (it might be a little more now).
So.. she ended up going to the University of Pennsylvania, which commits the dollars to meet 100% of demonstrated financial need with grants.
The net cost for Penn was less -- a LOT less -- than Penn State. Strange but true.
If you've got a kid who has what it takes to get into the Ivies, and you are a middle class family, the Ivies are a great deal.
What's the incentive for Penn State? Don't they already get tons and tons of applications? Having bright, award winning graduates is a nice feather in the cap, but doesn't seem to compare (in the eyes of the BOT) to a healthy revenue stream driven by OOS students willing to pay full boat.
Until the revenue stream stops.