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The Cornell Daily Sun - Independent Since 1880

The Cornell Daily Sun (https://cornellsun.com/2008/03/10/track-midweek/)

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March 10, 2008
Uncategorized

Track Midweek

By | March 10, 2008
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    By Brian Karlovitz March 10, 2008

    Financial problems are now the number one reason for students dropping out of college, according to a recent study conducted by the company Duck9. The survey of 14,500 students at 15 colleges concluded that 38 percent of college dropouts left for financial reasons, as compared to the 28 percent who left because of academic disqualification and the 13 percent who left because college for social reasons.
    The fact that more students currently leave college for financial reasons than for academic ones is a statistical landmark, said Larry Chiang, founder and CEO of Duck9. Chiang believes that the increase in financial pressures on students largely due to changes in student credit card spending.

  • Senate Inquiries Analyze Endowment Spending of Wealthiest Universities

    By Nikhita Parandekar March 10, 2008

    In January, the Senate Finance Committee, led by Sen. Charles Grassley (R-Iowa) and Sen. Max Baucus (D-Mont.) sent letters to the presidents of 136 universities with the highest endowments requesting information about tuition, financial aid and endowment usage, among other issues. Of the universities who were sent inquiries, Cornell was the first to respond to the committee.
    By the Feb. 21 deadline, only 30 universities had sent in their replies. According to a Baucus aide, responses are still coming in. Many universities reportedly requested an extension in order to give a more thorough response.

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