Harvard: Too Rich to Be a Nonprofit?

Have you heard about Harvard's latest donation? It is for 350 MILLION DOLLARS and is the third biggest gift in the storied history of people giving their money to universities and having dorms named after them. This time the guy is naming the entire School of Public Health after his dad. Seems fair! Also seems like a good time to postulate about the purpose of non-profits beyond their technical definition, non? Annie Lowrey writes for The Daily Intelligencer arguing from, among other reasons, a utilitarian standpoint (Annie!) that Harvard is officially way too rich to be one.

The Earning Potential of a Liberal Arts Degree

"Are your parents upset by your liberal-arts degree? Show them this chart." Says the Chronicle of Higher Education.

Crop Tops Cropped from College, Education = Reparations?, Academic Rejection vs Other Kinds

+ UT-Austin signs tell women how to dress so as not to be distracting and, according to Jezebel, crop tops are out.

Here are the things you cannot wear, if you want to learn to be a nurse at the University of Texas:

Midriff-baring shirts Short-shorts Low-rise pants Low-cut shirts that reveal cleavage

My K-12 religious school had a dress code that prohibited all of these things and I still feel funny if I wear them. My mind has been warped forever on the issue of modesty, which means I can’t be trusted to know whether this is egregious. Dress codes! Always unfair, if they’re only targeted at women? Justified in a context that has something to do with God, or taxes, or death? Can we trust students at a certain age to know how to dress appropriately and/or to not get life-threateningly distracted by a glimpse of skin?

+ Uh oh. STEM magic doesn’t work as well for black folks.

Who Gets to Graduate

Hopeful, occasionally grim, altogether fascinating Paul Tough feature in the Times Magazine about the trouble high-achieving students from low-income families often have in graduating from college and what can be / is being done about it:

There are thousands of students like Vanessa at the University of Texas, and millions like her throughout the country — high-achieving students from low-income families who want desperately to earn a four-year degree but who run into trouble along the way. Many are derailed before they ever set foot on a campus, tripped up by complicated financial-aid forms or held back by the powerful tug of family obligations. Some don’t know how to choose the right college, so they drift into a mediocre school that produces more dropouts than graduates. Many are overwhelmed by expenses or take on too many loans. And some do what Vanessa was on the verge of doing: They get to a good college and encounter what should be a minor obstacle, and they freak out. They don’t want to ask for help, or they don’t know how. Things spiral, and before they know it, they’re back at home, resentful, demoralized and in debt.

Vanessa, one of the less-affluent struggling students profiled in the piece, does many things right, like choosing the flagship institution UT-Austin in the first place. Tough notes, “The more selective the college you choose, the higher your likelihood of graduating.” Not too surprisingly, though, society cannot merely guide good students to good colleges, wave bye to them at the gate, and assume that they’ll succeed on their own.

The Value of College, in Chart Form

Maybe you don’t need yet more proof that going to graduating from college is a wise financial decision. But these charts are so pretty! And informative:

In her first year after college, the college grad is earning $40.405, while the high school grad, even with four years in the workplace, is only earning $33,245. (In other words, that college education is paying off from day one.) That’s not to say the high school graduate’s four years’ headstart means nothing: It takes until 15 years after high-school graduation — more than a decade after college graduation — for the college grad’s lifetime earnings to finally overtake those of the high-school grad. At that point, the college grad is earning $71,839 per year, while the high-school grad is earning only 60% of that sum — just $43,045. …

[E]ven after accounting for the cost of college, the median college graduate will have total earnings, 18 years after graduation, greater than 75% of high-school graduates.

It’s an especially sweet deal if you’re a dude. The fellas start making more out of the gate and never stop.

The fan chart of male against female earnings for four-year college graduates is, if anything, even scarier. It demonstrates that men, over the course of their careers, consistently earn more than 75% of women with equal educational attainment.

Here’s the best/worst factoid of all:

What’s more important in terms of earnings — being a science graduate, or being a man? The answer: being a man. Here’s the chart of male arts graduates versus female science graduates: the male arts graduates clearly do better. And that’s not because the women aren’t working: the chart only shows the salaries of full-time female employees.

No Progress on Poor Kids at Top Colleges

Despite effort, or the appearance of it, there has been no change in terms of getting high-achievers from low-income families to elite schools.

In 2006, at the 82 schools rated “most competitive” by Barron’s Profiles of American Colleges, 14 percent of American undergraduates came from the poorer half of the nation’s families, according to researchers at the University of Michigan and Georgetown University who analyzed data from federal surveys. That was unchanged from 1982. And at a narrower, more elite group of 28 private colleges and universities, including all eight Ivy League members, researchers at Vassar and Williams Colleges found that from 2001 to 2009, a period of major increases in financial aid at those schools, enrollment of students from the bottom 40 percent of family incomes increased from just 10 percent to 11 percent.

What does make a difference? Investments of money, which most schools either can’t or won’t prioritize, and investments of time, like sending admissions officers to schools that are off the beaten track. Also, perhaps most importantly, helping students understand that the sticker price at high-end colleges is not what most middle- and working-class families pay:

Donating To Your Problematic Alma Mater: Do or Don’t?

According to Jezebel, some fed up alumni are refusing to give to their alma maters until those institutions prove that they are doing a better job at handling reports of sexual assault:

Sixty colleges and universities are currently being investigated by the Department of Education over their abject inability to handle rape on campus that respects both the accused and the accuser. Even more have been in the news in recent years for failing to prioritize students’ safety over their reputation (and, by extension, their ability to convince alumni to cough up donations). Unfortunately for colleges and universities’ desire to sweep this sort of thing under the rug, it’s a lot harder for them to keep students quiet in the age of social media.

Alumni of at least three schools facing an avalanche of bad press from students who say they were treated poorly after being sexually assaulted are responding by telling administrators that words aren’t enough, and until concrete evidence exists that schools are serious about keeping students safe from sexual assault, they won’t be donating money.

Protesting with your pocketbook is a failsafe way to feel like you’re doing something to make your opinions known. Maybe donate to public radio instead? But, full disclosure, my college is one of the 60 and when I was asked to use my limited Klout to help the spring fundraising drive, I said sure. Although I understand if people feel differently, to me, the issues are separate; I want to support financial aid efforts and even, yes, the school in general. I guess it’s a combination of cynicism — I don’t believe my withholding an annual donation will have an impact if national attention AND federal investigation won’t — and sentimentality, because I really like my alma mater.

Like, on Labor Day, we had classes, but my firebrand American History prof, who had hair the color of toaster coils and was technically still a card-carrying communist with an actual card and everything, refused to teach. Instead she played us the Linda Tripp tapes so we could listen to a Woman Eating Potato Chips While Secretly Recording A Sad and Vulnerable Monica Lewinsky and Plotting to Bring the Nation to a Standstill So We Could All Talk About Blowjobs. That was an education. Also I met a guy at college who I later married, and lots of very important friends who shaped me, and yadda yadda yadda. But the rape crisis is real. Do you also feel conflicted about supporting your imperfect college, or do you view this issue as clear-cut?

Choosing to Skip College

In the new issue of Philadelphia Magazine, Grace Jay-Benjamin recounts touring colleges with her parents, and deciding at her first stop at McGill University, that she actually didn't want to go to college. Benjamin had attended Greenfield Elementary, which she says has one of the best reputations in the city, but when she complained about disliking school, her parents pulled her out to attend the Philadelphia School, where students called their teachers by their first names and did much of their learning during weekly field trips. Benjamin didn't want to be stuck in an academic setting that didn't feel right for her, (nor saddle herself with any kind of student debt). She also wasn't sure what she wanted to do with her life, and didn't think college was the right way for her to figure that out.

“Choosing THE RIGHT School”: BS or Total BS?

We’ve been talking a lot about college on the Billfold lately, which brings up an important question: How do you know if you chose the right school? People in our society make a fetish about picking the place that’s right for you as though there’s only one correct answer, and as though “the place that will give you the most aid” or “the state school closest to home” isn’t the guiding principle behind the way a lot of us make this choice.

Universities seem to serve as kind of a “You complete me” soul-mate stand-in. And for maybe the same reason we talk about “the one” in a romantic context, we take for granted that “the right” college exists out there for everyone interested in higher education. Doesn’t that raise expectations to an unreasonable level? After all, how do you evaluate the choice once you’ve made it? 

Perfect Commencement Speaker Gives Perfect Commencement Speech

Jill Abramson is unemployed. Over the years, she has worked hard, succeeded, been fired; now, in the process of trying to figure out What’s Next?, she is drawing on stores of resilience. Naturally, this makes her the perfect Commencement Speaker to address the Class of 2014:

Her speech was about “resilience,” she said, and was inspired by a call from her sister the day after she was, in no uncertain terms, “fired.” As proud as her father would have been to see her appointed the first female executive editor in Times history, “it meant more to our father to see us deal with a setback and see us try to bounce back than how we handled our successes,” Abramson said. “Show what you are made of, he’d say.”

“I’m talking to anyone who’s been dumped, not gotten the job you really wanted, or received those horrible rejection letters from grad school,” she continued. “You know the sting of losing or not getting something you really want. When that happens show what you are made of.” Abramson referenced other challenges she’s faced recently, including getting hit by a truck in Times Square seven years ago. “You may begin to call me Calamity Jill, but stay with me here,” she said. … “What’s next for me?” she added. “I don’t know, so I’m in exactly the same boat as many of you.”

Uncertainty! Rejection! Trying hard, being deserving, and still not getting what you want! This is what we all face — throughout our lives but with particular force when we graduate from college and join a workforce that doesn’t care about our self-esteem or offer Trigger Warnings. NOTE: Why is our culture so resistant to “trigger warnings” when we’re all about ratings on movies, TV, and video games? Is it because, as Shine argues in the above link, we see TWs as yet another attempt by the joyless PC lady mafia to take fun away and tell us what to do?

Anyway, resilience makes a great subject for a commencement speech because, to some extent, how you react to the inevitable setbacks of your 20s is the only element of your 20s you can control. Like Samuel Becket famously said, “Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.” Here are some more inspirational quotes about failure. You’re welcome.

photo via Quotes Pictures.com