The Latest Posts

(For students returning to campus, we are re-printing a few highlights from last term.)

In perusing the College’s financial aid figures, there is proof to be found for an assertion that we have repeatedly made:

…over the past three years the Admissions department has bent over backwards to protect the College’s yield figures by admitting more students early decision, and also by accepting far more legacies. These two moves, beyond helping the yield, also have had a positive financial impact: students accepted early cannot play off one school against another in negotiating financial aid; for them it’s take it or leave it. And legacies, by and large, have a far greater capacity to pay full freight.

The above table shows that the Trustees have made a similar financial calculation as regards our mix between public and private school admits; students from the latter group are self-evidently wealthier. For the classes between 2007 and 2013, admitted private school students ranged between 32-36% of the freshman class; the last three years have seen a jump to a rock-solid 40%. That consistency sure looks like a quota to me. Of course, you might believe that kids from private schools suddenly got a lot smarter starting in 2010. If so, may I interest you in a bridge?

Once again, the Kim administration chose to play fast and loose with the quality of the College’s incoming students — our lifeblood — for financial gain, rather that dealing with the big bear in the room: our bloated, over-compensated staff.

The Dartmouth Factbook describes how the number of students receiving need-based financial aid has dropped since the Class of 2014, the class year in which the Kim administration made significant, financially motivated decisions regarding the College’s admissions policies (here and here). From a high of 51% in the 2009-2010 academic year, the number of students receiving aid has consistently fallen:

Financial Aid Comp.jpg

Dartmouth Now reported in March that “Forty-six percent [of accepted students in the Class of 2018] have qualified for need-based financial aid,” and Dean of Admissions Maria Laskaris has informed me directly that it now appears only 45% of incoming students will receive aid.

The difference between 51% and 45% of students is significant: approximately 260 students over four classes. If this many students no longer receive financial aid — of which the average award is now over $44,000 — the College will take in an extra $11.4 million each year.

Soak the students to feed the staff.

Addendum: I don’t share President Obama’s worries about “the rich,” but if 55% of the College’s incoming students come from families that are able to drop more than a quarter of a million dollars on the education of each of their children, Dartmouth can’t help but have a social atmosphere somewhat divorced from the real world.

(For students returning to campus, we are re-printing a few highlights from last term.)

The other day [above] we noted that the number of students receiving financial aid from the College had dropped in recent years from 51% to 45% of the student body — part of the Kim adminstration’s “soak the students to feed the staff” balanced budget initiative. Several readers wrote in to ask how we are doing versus the other Ivies. Here are the figures for Dartmouth, Penn, Brown, Cornell, Columbia, Yale, Princeton, and Harvard:

Ivy Financial Aid 2014.jpg

Not only are we again worst-in-show in the financial aid sweepstakes, but we have fallen off the previous trendline that related financial aid to endowment/student: by that latter measure we are still in fourth position in the Ivies behind HYP, and we used to be #4 in giving financial aid, too. Not any more.

Phil has issued a statement on the State of the College to open the academic year. He is brimming with pride and optimism about Dartmouth — though for some reason he does not even barely refer to the student-life crises that have made the College a national whipping boy in the media. Today Dartblog will award no points for courageous leadership.

(For students returning to campus, we are re-printing a few highlights from last term.)

As we’ve mentioned before, the College has the fourth highest endowment/student in the Ivies, coming after Princeton, Harvard and Yale. But rather that looking at HYP, let’s continue our comparison between Dartmouth and Brown. I keep referring to Brown because the structure of that school (ratio of undergrads to grads, number of professional schools, etc.) is closest to the College among the Ivies.

On June 30, 2013 our endowment was $3,733,596,000 and Brown’s was $2,669,948,000. Our position is a strong one, given that Brown has over a third more students than we do.

Last year we drew $183,816,000 from the endowment to fund the College’s ongoing operations:

Dartmouth Endowment Draw 2013.jpg

Given that there are a total of 6,342 students at the College, that works out to be a draw of $29,984/student.

Brown was able to draw only $125,858,000 from its endowment in the same time period.

Brown Endowment Draw 2013a.jpg

Given that there are a total of 8,619 students at Brown, the draw was $14,602/student.

Putting things another way, Dartmouth drew more from its endowment than Brown did in absolute terms: $57,958,000, and the difference on a per student basis was $15,382/student.

Where did all this money go? Certainly not to the College’s students. Tuition, room and board, and fees at the College in the fall of 2014 will be $61,947. Brown will only charge its students $59,428. That’s a difference of $2,519/year. Dartmouth students will pay 4.2% more for their education than the kids at Brown — a total of $10,076 over four years.

The faculty did not get its hands on the $15,382/student surplus either. According to the federal government’s authoritative Integrated Postsecondary Education Data System (IPEDS) data for 2011, not only does Brown have 35% more full-time professors than Dartmouth — as you would expect, given that Brown has 36% more students than Dartmouth — but Brown also pays its professors more than faculty in Hanover, by about 10% or so, depending on the level that the faculty member has achieved:

Dartmouth Brown Faculty Salaries2.jpg

Certainly some Dartmouth professors out-earn their equivalents in Providence, but the overall figures are clear.

If the students and the faculty don’t enjoy the benefits of the endowment’s big payout, then who the heck does? I’ll leave that answer up to you.

                        

We’ve commented before on the visible success of the the College’s gay alumni. The Times added to that story last week by noting that Trevor Burgess ‘94 is one of two openly gay CEO’s running publicly traded corporations. Burgess commented on Dartmouth in the article:

When Mr. Burgess was a student at Dartmouth College in the early 1990s, one of his fraternity brothers wrote an article in the conservative Dartmouth Review that referred to Mr. Burgess with an anti-gay slur. “Within one week, I resigned from my fraternity and became president of the gay and lesbian student association,” Mr. Burgess recalled. When he was applying for jobs after graduation, he included the organization on his résumé. “They said they were looking for evidence of leadership,” he said. “Maybe I was naïve.” But it didn’t stand in the way of job offers.

Mr. Burgess noted that today, Dartmouth has Triangle House, one of five living and learning communities at the college. That house aims to enhance the “intellectual and cultural environment” for lesbian, gay, bisexual, and transgender students, according to Dartmouth. “Progress is possible,” Mr. Burgess said.

Trevor Burgess1.jpg

Statue of Liberty Flame.JPGThe French authorities seem to have accepted that the Statue of Liberty flame on the banks of the Seine has become a widely beloved memorial to Princess Diana, popularly called “Lady Di” here. The flame itself — an exact replica of the one that stands in New York Harbor — was made by the same guild of Gallic artisans who crafted the original Lady Liberty, and who restored her several decades ago. It stands above the tunnel in which Diana’s fatal traffic accident occurred on August 31, 1997.

We flew back to Paris from our Hanover summer that year after having watched Diana’s funeral at the break of dawn. Her brother’s eulogy was one for the ages. After our arrival, jetlag kicked in and at about 3am Elizabeth and I and our seven-month-old son found ourselves unable to sleep. We strapped the little guy into a Baby Bjorn and spontaneously decided to go to the site of Princess Di’s accident, which is a little more than a mile from our apartment. I don’t think we had ever before or have ever since gone on a middle-of-the-night walk in Paris. In some curious way we were drawn to the place, as we found hundreds of other people were, too. We could leave no flowers at that hour, but there was solace in understanding our own emotions were widely shared.

A good friend repeatedly asks what Princess Diana did to deserve such adulation. The better question is what it is about her that moved so many people, as she still does.

Princess Di Memorial.JPG

Addendum: We regularly bike and drive by the site. It stands near the Pont D’Alma at the bottom of avenue du Président Wilson, where an excellent open-air market is held each Wednesday and Saturday. There are always people standing reverently near the flame.

As my father says, “Everything in the press Is true, except those stories about which you have personal knowledge.” The NY Daily News did not distinguish itself in reporting on the College’s declining ranking with U.S. News. What school is this?

NY Post Dartmouth Mass1.jpg

Of course, the feckless Daily News photo editor should have known better. Accurate data was in plain sight:

NY Post Getty Images.jpg

The headline might say “America’s Top Colleges,” but the great majority of Newsweek’s 4,282-word story is about Dartmouth. Not a single mention of academics, great teachers, extracurriculars, or the love for the school felt by alumni. Nope. It’s all about pong — beloved by undergrads, still played by alums — and the entire range of the College’s negative aspects that have been reported on endlessly in the press. The gods of public opinion are angry. In fact, the term “feeding frenzy” is now appropriate.

Newsweek 0911.jpg

The piece was written by Newsweek editors Abigail Jones ‘02 and Alexander Nazaryan ‘02, with reportorial help from Lauren Sarner ‘14. The authors have their facts straight, and given the depth of research and fact-checking, there is no doubt that this story has been in the making for a good while. It jumps between a history of pong, a rundown of Dartmouth’s various woes, and a narrow depiction of debauched campus social life. Herewith some excerpts:

Pong is more than a game at Dartmouth; it is a symbol, maybe the symbol of the school. It is a seductive relief valve on a campus where “Work hard, play hard” has become an unofficial motto. It is also a public health pestilence that, critics say, vanquishes both brain cells and intellectualism. Worse yet, it is at least partly responsible for what some say is an epidemic of binge drinking and sexual assault on campus…

[Dartmouth] is the smallest and most remote of the eight Ivy League schools—respected, well known, the perfect microcosm for what challenges the success of American higher education. Perhaps that’s why it’s been the subject of some brutal headlines over the last year: “Dartmouth in the Glare of Scrutiny on Drinking” (The New York Times); “Dartmouth vows to curb student misbehavior” (The Boston Globe); “How I Became an Alcoholic and Failed Out of Dartmouth” (Business Insider)…

But while other top-ranked schools have transcended their scandals, Dartmouth seems trapped in a keg of sour beer. The problem is that the school’s beloved pong culture is, well, a big part of the problem…

The Dartmouth weekend begins on Wednesday night, when the 30 fraternity, sorority and co-educational houses hold their weekly meetings. For the next four days, campus social life largely revolves around pong…

Eventually, all of those 16-ounce cups will find their way to someone’s lips; if they don’t, the contents will end up in a garbage can, a dim corner of the basement or on the floor, where the beer will turn into a sticky substance known as mung. All the while, young men and women watch the games from the sidelines, talking, flirting and drinking, some of them waiting to play on the next free table, others content to watch for hours…

“Imagine the valedictorian of your high school class,” says a current Dartmouth fraternity member, who asked that his name not be used. “Now put lots of versions of that person in a remote New Hampshire town and try to make them socialize. Now create a game that makes it acceptable (and heavily encouraged) to drink at a pace of six-ish beers an hour without having to say more than a few words to each other. Congratulations, you just created Dartmouth nightlife.”…

On January 25, 2012, a student named Andrew Lohse published an op-ed in the school’s daily newspaper, The Dartmouth. Titled “Telling the Truth,” it revealed the sordid details of his pledge term at the Sigma Alpha Epsilon fraternity, wherein he and his cohort were allegedly made to engage in extreme, sometimes nauseating acts. The piece went viral, and Lohse became the focal point of a Rolling Stone feature that painted the campus as a boozy proving ground for future Goldman Sachs managing partners who treat global finance like a game of tree. Lohse’s book about the ordeals of Greek life at Dartmouth, Confessions of an Ivy League Frat Boy, has just been published.

Lohse’s op-ed ignited what has been a remarkable stretch of bad publicity for a school that, by dint of its remote location and small student body, generally stays out of view. In April 2013, about a dozen protesters interrupted a session for prospective students to protest the school’s supposedly lax handling of sexual assault. Over the summer, the Alpha Delta fraternity held a Bloods and Crips party, with predictable outrage following online. In February 2014, The Dartmouth uncovered online postings by a male student gleefully describing the rape of a woman he called “Choates whore,” a reference to a dormitory where underclassmen live. Students occupied the office of new college president Philip J. Hanlon, who had been a member of Alpha Delta in the 1970s. A former student was acquitted of raping a fellow student. Online organizers UltraViolet launched ads on Facebook and Web browsers claiming Dartmouth had a “rape problem.”

After a piece like this, certainly the harshest one to appear in the press during this annus horribilis, one has to wonder just who is going to apply this fall for admission.

Addendum: We can take solace that the once-mighty Newsweek — its circulation in 2003 was four million — doesn’t do even 5% of that figure now in newsstand and subscription sales. The reach of its for-pay website is unclear.

Addendum: The Valley News’ Rob Wolfe ‘12 reviews Andrew Lohse’s book today.

What it is ain’t exactly clear, but it seems that Phil’s new CFO, Rick Mills, the guy with the interesting background, is holding a series of open fora on the state of the College’s benefits policies:

Mills Benefits Comp1.jpg

As we have observed only a few dozen times in the past, the College’s salary and benefits policies are hobbling the school. For example, while Brown has a third more professors and students than Dartmouth, more employees overall, and it operates in a large city, Brown’s total spending in 2013 on compensation was 22.3% less than the College’s — that’s a difference of $86,715,000. This efficiency enables Brown to charge its students about 4% less than the College for tuition/room and board/fees.

Let’s wish good luck to Rick Mills. I’m hoping that this could be the start of something big.

Addendum: The Dartmouth Now description of the events notes that a forum will be recorded and put up on the web. The first one will take place today from 11 a.m. to noon in Kemeny 006.

Ouch. A real double whammy.

Bloomberg Top Ten Comp1.jpg

Addendum: An alum writes in:

Bloomberg is relentless in its biased coverage of Dartmouth. Duke and Penn each took a step down in the rankings this year but no one is suggesting that those schools have a problem.

Addendum: Bloomberg has now re-written the headline in its story to make it punchier, and to fit yet another stereotype:

Bloomberg Top Ten Revised Comp.jpg

This WCAX-TV story is an example of journalists stretching for something to say:

WCAX Top Ten Comp.jpg

The Washington Post has looked at the evolution of the U.S. News rankings over the past five years in a story that summarized this year’s changes. As for the College, the Post used Bloomberg’s phrasing:

Dartmouth College in New Hampshire slipped out of the top 10 among national universities, moving from 10th to 11th.

In its interactive graphic, the takeaway for the Ivies and other top schools is that change is slow at best. Of the sixteen top schools (I chose this figure to capture all of the Ivies, Brown being in last place this year), over the past half decade none has moved on net more that one slot up or down, except for Chicago (+5), Penn (-3), Caltech (-3) and the College (-2). Plus ça change.

WP U.S. News Changes.jpg

Addendum: As we observed the other day, in the 1990’s right up until the disastrous moment when Jim Wright became President, we were in seventh place most years.

The Times Upshot column continues to crunch the numbers: last week it looked at a very limited data sample to see how students pick among top schools when they are accepted to several leading colleges; today it reviews the economic diversity of the nation’s leading institutions of higher learning. We come in fifth in the Ivies in terms of recruiting students from low-income and first-generation-to-college students.

The Upshot folks are thorough with data. In addition to the basic ranking, they have calculated the capacity for each school to be generous with financial aid. As we have noted in the past, the College is the fourth wealthiest of the Ivy schools: we have more endowment/student than anyone except HYP. Curiously, Columbia, Brown and Penn, which have endowment/student numbers well below ours, do better at recruiting an economically diverse class; as does Harvard, the Ivy’s third-richest school. Poor kid Cornell (the lowest endowment/student in the Ivies) and über-wealthy Princeton and Yale have the least economically diverse classes.

Upshot Economic Diversity.jpg

Addendum: As we have noted repeatedly, the sticker price of attending Dartmouth is the second highest in the Ivies — despite the fact, as detailed above, that we have the fourth highest endowment/student and we do business in a low-cost area of the country.

Bloomberg logo1.jpgHere’s how Bloomberg is reporting the U.S. News rankings:

Bloomberg on U.S. News 2014.jpg

The downward death spiral continues.

Addendum: The alumnus who pointed out the above Bloomberg story writes in with some thoughts:

I agree with your conclusion that Dartmouth escaped potential disaster with the US News rankings. However, I have two observations on the rankings:

Although the drop from 10th to 11th place is fairly de minimis (especially given that there was a tie for 10th last year between Dartmouth and Cal Tech), the media (see Bloomberg headline above) is reporting it as Dartmouth dropping out of the top 10. That makes it look worse than it really is.

Also, I think the real concern is the drop in the undergraduate teaching category from 1st to 4th place. Despite all of the controversies, Dartmouth has been able to claim for the past 5 years that it has the best undergraduate teaching in the country. Now it plays second fiddle not only to Princeton, but to W&M and Miami of Ohio. That one hurts…

Addendum: You’d think that Bloomberg could be a little more charitable to the College. After all, Michael Bloomberg’s “significant other,” Diana Taylor ‘77, is a member of the Board of Trustees.

U.S. News logo.jpgAll scandalous things considered, we should be happy to have dropped only one place in the latest U.S. News rankings:

US News September 2014a.jpg

We dropped to #4 in Best Undergraduate Teaching (after Princeton, College of William and Mary, and Miami University—​Oxford).

In other criteria, we are #7 in the High School Counselor Rankings (tied with Brown, Cornell and Penn; the other Ivies tied for #1); #7 for Best Value Schools; #15 for Most Students in Fraternities (male undergraduates) (only Ivy on list); #23 Most Students in Sororities (female undergraduates) (only Ivy on list); #13 Lowest Acceptance Rates (sixth in Ivies ahead of Penn and Cornell).

Addendum: After Columbia and Chicago, we have the third highest tuition and fees among the top schools. What can I say, it’s expensive to do business in major metropolitan areas like New York, Chicago and Hanover.

Addendum: An alert alumnus makes some interesting points:

Based on the US News chart that you provided in your most recent posting, it appears that they used 2013 data for the current rankings, which would not include the 14% drop in applications or the 11.5% acceptance rate in 2014. Does that mean that the real damage will occur next year when 2014 figures are incorporated in the data by US News?

Also, you may be interested in an article today in the Brown Daily Herald (link below) which tries to explain why Brown dropped two places (from 14 to 16) despite a record low acceptance rate in 2014. They blame it on an administrative reporting error.

http://www.browndailyherald.com/2014/09/09/brown-slips-two-spots-u-s-news-rankings/

Addendum: The College’s press release (headline: ‘U.S. News’: Dartmouth a ‘Great Value,’ With Low Debt) focused its first four paragraphs on metrics other than our declining national rank and undergrad teaching rating. Here’s how it reported on those measures in paragraph five:

Dartmouth also ranked in the top 10 for high school guidance counselors’ top picks and for “Focus on Student Success.” It remained in the top 12 in the magazine’s overall ranking of national universities, coming in at No. 11. The College was in the No. 10 spot for the last two years, and three years ago ranked No. 11. Dartmouth ranked No. 4 for undergraduate teaching, and for six years, since the category was created, has ranked among the best schools on the list.

I’d say that we rank pretty high for obfuscation.

TURN TO PAGE TWO


Best-of-Logo-2014_dartblog.gif

Featured posts

  • August 14, 2013
    Breaking: Of Crips and Bloods and Memories of Ghetto Parties
    History repeats itself, first as tragedy and then as farce, or sometimes it just repeats itself. From the New York Times on November 30, 1998: At Dartmouth College, white students at a ”ghetto party” dressed…
  • June 25, 2013
    Dean of the College Charlotte Johnson’s War on Students Part (2/2)
    Today’s post again recounts the events that befell the Freshman. However, the content of the Hanover Police department report reproduced in this space yesterday is supplemented by information from my own interviews, a review of…
  • October 18, 2009
    When Love Beckoned in 52nd Street
    We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
  • October 9, 2009
    D Afraid of a Little Competish
    So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
  • September 4, 2009
    How Regents Should Reign
    As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
  • August 29, 2009
    Election Reform Study Committee
    If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…

Dartblog Specials

Subscribe by Email

Enter your email address:

Help, Pecuniarily

Please note

This website reflects the personal opinions of its authors. Any e-mails received may be published along with the full name of the sender. If you wish otherwise, please say so.

All content appearing at Dartblog.com should be presumed copyright 2004-2014 its respective bylined author unless otherwise noted or unless linked to original source.

Advertisement



admin

Calendar

September 2014
Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30

Search

Archives

Links