This is the first article in a series examining the effects of the recession on budget and admissions policies in Cornell’s graduate and professional schools.
In the current economy, college students are becoming increasingly concerned about their future job security and are considering graduate school as an academic shelter from the economy. Business schools in particular have become a safe harbor for students interested in finance who wish to weather the recession until the financial industry picks up again.
Historically, business schools have seen a rise in applications during tougher economic periods, said Joseph Thomas, academic dean of the Johnson School.
Many changes have taken place since the first inauguration of President George Washington in 1789. With the events scheduled for today’s swearing in of the 44th president of the United States, Barack Obama’s inauguration stands to be not only the most watched in U.S. history, but also the most expensive. The price tag of this inauguration will likely top $150 million.
The ceremony has evolved considerably since 1789. On the bicentennial year of President Abraham Lincoln’s birth, this year’s ceremony will pay tribute to the president who ended slavery and was the first to include African-Americans in his inaugural parade. In addition to paying his respects at the Lincoln Memorial last week, Obama requested to use Lincoln’s 1861 inaugural bible as he is sworn into office.
It is generally accepted that college students are more liberal thinkers than the rest of the population, but this trend is often associated with the stereotype that far-left professors proselytize their students with liberal views.
However, a recent study of nearly 7,000 students at 38 institutions published in PS: Political Science and Politics, the journal of the American Political Science Association, suggests that professors do not influence the views of college students. Though people in the 18 to 25 age range tend to vote according to much more liberal ideologies, it is still uncertain what role institutions of higher education play in shaping their political beliefs.
Cornell’s longstanding tradition of not granting honorary degrees came into discussion again earlier this year when David Hajjar, dean of the Weill Cornell Medical College, proposed that the medical school be exempt from this policy to grant honorary doctorates of science. In May, the Faculty Senate voted against it.
Honorary degrees, which are conferred upon non-graduates, are a way of recognizing extraordinary achievements in public service or within a specific academic field. Such degrees are most commonly doctorates, and the recipients are selected through a faculty nomination process.
The national student-loan default rate increased by 13 percent in 2006, leaving many concerned about the effects the current financial crisis will have on borrowers over the next two years.
The cohort default rate measured the number of borrowers who were due to enter repayment in 2006 but failed to make any payments on their loan, and defaulted after two fiscal years.
The rate, which was 4.6 percent in 2005, increased to 5.2 percent in 2006, according to a report released by the Department of Education in September.
With the meltdown of some of Wall Street’s largest investment banks and the current choked state of the credit market, the future of the student-loan default rate remains unclear.
It was move-in day and he was a 30-minute walk from Central Campus. His window opened up into a cement wall. His room was located one floor below ground level. Living in the basement of graduate housing was not what Kyle Doebler ’10 was expecting when he transferred to Cornell from East Stroudsburg University.
Technically, Schuyler House, where Doebler lives, is “on-campus housing” because it is owned by Cornell, although it is located just beyond lower Collegetown. The closest dining hall where he can use his meal plan is on West Campus.
Like most other transfer students, Doebler submitted his housing application in June before the July 1 deadline. But unlike the other transfers, Doebler is living with graduate students.