College Uncovered

While there are a lot of tests to get into college, there are no exit exams to get out. Despite the soaring price of tuition and the benefits a degree offers, researchers have found that undergrads often spend little time studying compared to other activities like working, socializing or partying. As a result, many show limited gains in critical thinking — the hallmark of American higher education.

Students at one New York university have a surprise awaiting them: an $8,000-a-year “academic excellence fee.” We have to ask: Isn’t academic excellence included in tuition? In fact, tuition is only part of the cost of college. Like car dealerships, schools are nickel-and-diming consumers with huge fees — fees for student activities, fees for athletics, fees for building maintenance, fees for libraries, even fees for graduation, the bills for which arrive just as students and their families thought they were finally done paying for college.

Student loans aren’t the only kind of university debt. Colleges and universities have borrowed billions, mostly to build new dorms, dining halls and facilities, spaces they may – or may not – need as student enrollment declines nationally. Today, nearly 10 cents of every dollar in university budgets helps pay interest on institutional debt.

To boost enrollment and meet workforce needs, more states are offering free community college programs. But do these programs effectively help students graduate from college? And by offering college for free, does that diminish its value? We look at the research, as well as a new free college program in Massachusetts and an old one in Tennessee, where community college has been free for years.

“College Uncovered” is made possible by Lumina Foundation.

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Credits:

Hosts: Kirk Carapezza & Jon Marcus

Supervising Editor: Megan Woolhouse

Editor: Jeff Keating

Executive Producer: Ellen London

Mixing and Sound Design: David Goodman & Gary Mott

Theme Song and original music: Left-Roman

Artwork: Matt Welch

Project Manager: Meiqian He

Consulting Producer and Head of GBH Podcasts: Devin Maverick Robins

"College Uncovered" is a production of GBH News and The Hechinger Report.

Okay, so you’re going to college. But will the college you pick still have its lights on before you graduate? It’s a question more and more families face as colleges experience financial and enrollment challenges that force them to close or merge. We’ll look at what colleges are doing to stay alive, whether should states disclose institutions’ financial health to consumers, and what happens to students - and their credits - when their school suddenly shuts down.

Universities dole out more than half of the revenue they collect from tuition in the form of discounts and financial aid in their efforts to attract students. The US average is 56 percent. If a private company discounted its products by more than half, it would probably go out of business. So why do colleges use this self-destructive business model that leaves many prospective students thinking college costs more than it does? We explore.

Colleges work hard to make their prices seem much lower than they actually are. The problem has become so frustrating for families that now there’s an effort to fix it. But don’t hold your breath. Colleges are fighting attempts to make financial aid forms easier to compare and more understandable. We’ll give you tips on how to negotiate for more financial aid and ask for a better offer.

Congratulations, you got accepted to college! The next notification you’ll get: a financial aid offer, telling you what it will cost. And those financial aid offer letters are notoriously indecipherable and misleading, making it difficult to make college cost comparisons or even know how much you’ll owe.

College Uncovered Season 2 is coming! First two episodes drop on Thursday, April 4th.

Colleges are quietly buying – or as they like to spin it, licensing – lists of potential student names and personal information from companies administering tests like the SAT and ACT. The goal? Recruit, but also recruit to reject. The more applicants a college recruits, the moreselective and prestigious they seem in the college rankings.

In this final episode of Season One, Kirk and Jon explore how both selective and less selective colleges and universities use enrollment and financial aid management strategies to increase their applicant pool, lower admission rates and meet their bottom line.

And here’s the key: college is the only industry – outside banking – that can legally access all of your income information and make decisions on your ability to pay before charging you a price.

Kirk and Jon trace the origins of these practices back to Boston College in the 1970s and follow the evolution of enrollment management systems into a multi-billion dollar higher ed shadow industry.

Colleges now rely on their enrollment management systems to survive and compete for students. And their opaque analysis of a family’s budget can determine whether a student receives steep tuition discounts or “merit scholarships” that can dramatically lower the cost of tuition.

These backroom practices have some former administrators concerned about the effects on access to and equity in higher education – and they’re calling for renewed transparency in college .

“College Uncovered” is made possible by Lumina Foundation.