4. Past PFE Posts category archive
A History Lesson 0
“You cannot solve a problem with the same thinking that created the problem.”
That quote has been attributed to Albert Einstein. I am unsure in what context he said that, but a lesson could be learned regarding the decades of escalation of national debt, not just individual debt. One does not have to look far to recognize there is a problem. To solve the problem, therefore, we must NOT rely on the same thinking of the people (or institutions) who created the problem.
When the world was getting back on its feet following World War II, the US economy expanded. As in WWI, our nation was not subject to the civilian deaths and property destruction in Europe, Asia, and elsewhere. We were seen as the leaders of the Western world.
In July 1944, delegates from 44 countries met at the Mount Washington Hotel in Bretton Woods, New Hampshire, to set monetary policy for the “civilized” world. The delegates agreed upon a policy that set the US dollar (backed by gold and silver) as the standard for world currency. From that event came the International Monetary Fund (IMF), and the system of exchange rate management was established. 
That system stayed in place until the country overspent during the “guns and butter” decade of the 1960s. In 1971, the decision was made to remove the dollar from the gold standard. Watch this short historical video of President Nixon’s announcement of that action. That marked a significant issuance of fiat currency (money created out of thin air) by the “Federal” Reserve *, a dollar devaluation, and ever-increasing debt. Here is a more complete explanation of its impact on the world economy to the present day. (* The “Federal” Reserve is a privately owned entity exempt from audit or any substantive US government oversight.) Below, Angela Grant, a bright 12-year-old, provides a solution for the US and Canada, with the help of her parents ‘ critical thinking skills.
It may be a fantasy, but I suggest we teach true history and basic money management in every high school. Many students who major in economics in U.S. colleges do not even understand the exponential value of money. Nor do they know as much as this bright 12-year-old has learned in Canada. I once interviewed a Harvard graduate for a position offered by the firm I worked for. He majored in Economics, and when I asked him if he could explain the Rule of 72 as it relates to money, he did not know what I was talking about!
The problem is that we are a society that does not save; we spend. Saving, not spending, grows the economy. This is not what we are taught in school. Believing that a college education is a right (or even a necessity) puts our teenagers into debt. If college is the next milestone step in a teenager’s life, he or she should understand how that financial decision will impact their future. So many college graduates have the rule of 72 working against them rather than for them. Over the last 25 years, I have watched college costs escalate higher than the inflation rate. As the federal and state governments made more grants and loans available for colleges to fill a family’s financial needs, college costs increased faster.
One of the ONLY colleges that saw the insanity of what the government was doing and did something about it was Grove City College in Pennsylvania. But they had to go all the way to the Supreme Court of the United States to fight and maintain their independence! Unbelievable! To my knowledge, very few colleges followed their example and the principles of sound economics.
Pop Quiz! Name just one of those colleges, and I will send you in US currency what a dollar is worth in gold. (Hint: one of those colleges offers substantive FREE college-level courses online to anyone of any age!)
Therefore, to overcome any debt crisis, we must teach our teenagers fundamental financial literacy, true history across all academic disciplines, and how to think critically with an open, not a closed, mind. I recommend this book as a gift for every teenager: “Think Critically, Think Smarter” by Mark Hartley.
Making Your Final Decision 0
Countdown to National Deposit Day!
At this time of year high school seniors have heard from the colleges to which they applied. The most competitive colleges and universities are finished reviewing applications from all of the country and the world. April 1 is the date that all colleges will have sent out letters to anxiously awaiting seniors.
There will be just one month from then until “National Deposit Day”. May 1 is the day by which all college bound seniors must decide where to enroll in the fall of 2025. Some colleges extended that date last year to May 15 because of the delay in the processing of the newly designed Federal financial aid form, the FAFSA. Making the final decision may not be easy unless students have done certain things in the year or two prior to the spring of the senior year. Most students are usually presented with at least two positive alternatives from which to choose. The pandemic has made it much harder for students to do their best work over the years from 2020 through 2023. Unfortunately, there is still confusion and questions surrounding the science. (Read December 2024 post for updated information.) In addition, colleges have had a much more difficult time during the application reading and selection process. Trying to measure college readiness or candidates without standardized test scores in many cases and differing grading systems instituted in the junior year when distant leaning was in full effect.
So how does one go about making an effective decision ~ a decision that allows the entire family to win? The following steps are what we advise our students. Think about these even if you will not be facing such a decision for a few years.
The overall goal, I believe, is to integrate the academic decision with financial considerations. That is particularly important when there is more than one college bound child in the household.
First ~ Think about the academic reasons those colleges were on your list in the first place. Review the departmental majors and using the second “A” of the AAA process learn more about student outcomes with that major at that college. Read my essay “What is College For” and follow the links.
Second ~ Make an objective evaluation of each financial aid award. Determine how much aid the college is awarding in the form of grants, scholarships, and loans. Most colleges do not include adequate amounts in the cost of attendance (COA.) to include personal expenses. These are books, supplies, personal sundries, and transportation. If you have done a money saving Dry Run with us prior to your students application you will see that we often add $4,500 to the direct expenses. The direct expenses are the fixed billable costs, tuition, fees and room and board. You should too.
Keep in mind that college work-study is not a direct credit toward billable costs. Do not include that in your calculations. If there is a loan offer in the award (other than a Stafford), do not include that either. Subtract all the other awards from your COA and you will close to knowing what the real out of pocket cost is for that college. Do this for each college and make an objective comparison.
Getting Into the Mind of the Applicant 0
GETTING INTO THE MIND OF AN APPLICANT
Because I have a passion to learn about all forms of alternative healing and disease prevention modalities I once took on the role in 1989 of human pincushion for a student at the New England School of Acupuncture. Come to find out her Dad, a former Boston College professor, was the founder of one of the first firms in the US to successfully build a client base of colleges and show them how to attract teenagers to their colleges. Not only get them to apply, but to fill seats with the highest revenue/seat as possible. I learned a lot from him.
It was his and similar firm’s success that led to the emergence of the Enrollment Manager position in colleges. Many colleges have long devised enrollment strategies to ensure their survival and vie with competitors; now their tactics are much more sophisticated. No enrollment-management tactic is more controversial than the tuition discount. These days, many colleges see the strategic use of so-called merit aid as an essential recruitment tool, a means of 
attracting students who can pay all or most of the cost. Nevertheless, the presidents of some small colleges have described the widespread practice as unsustainable and unethical, especially in an era when so many families have ever-increasing financial need.
But when we opened our college consulting doors in 1992 the Internet was just a weird technology and not understood by most. Even Harvard drop-out, Bill Gates said, it’s just a passing fade a few years before but certainly not today. Teenagers today know more about computers and the myriad of social media sites etc. etc. than I ever will. 🙂 The ways that prospective college students do their research just on their phones is presenting a real challenge to colleges.
That complicates life for the VP of Enrollment Management, whose ability to meet numerous institutional goals, academic profile, and tuition revenue depends on forecasts of how many students will eventually matriculate. The less colleges know about applicants, the hazier their crystal balls become. Who’s serious? Who applied only as a worst-case backup option? Such questions echo across a competitive marketplace as many administrators watch the steady decline of their yield, the percentage of accepted students who enroll.
Colleges will continue to waste money by bombarding prospects flyers and brochures, along with the annoying auto-responders, when they start surfing college websites. They use social media a lot too. “It’s so important to my generation,” one student told me, “to see what’s really going on.” But, when I work with students, I will work to bring them back to center and establish solid pragmatic parameters around the college search process. This includes understanding the financial responsibility of their eventual decision by May 1 of the senior year.
Are You a Procrastinator? 0
If you are, you may put off reading this. That would be your first mistake. To all you college bound students, you will soon be taking a milestone step in your life journey. Hopefully it will be the college of your dreams. Even if it is not, if you have done your research properly, all will work out fine. Thousands of college graduates have learned, in hindsight, that it was meant to be and it wasn’t bad after all.
They quickly learned in the first month of college that a professor’s expectations and assignments given would be nothing like those from teachers in high school, even those AP classes they took that were supposed to prepare them for college level work. Those that got through in four years quickly learned how to get organized and stay focused.
If you were a last-minute kind of student in high school, that may have worked. But college is a different world. If it is not, then you may be at the wrong college. Because if you are not challenged, you will not grow intellectually, spiritually, or socially. But I digress.
The phrase “I’ll do it later” is probably the biggest killer of college success. Chances are, you will not get it done later. If you do wing it later, it will be sloppy and not your best effort. This causes stress and sets you up for the kind of anxiety that leads to dropping out of college because of low grades and/or illness.
The day planner that your proud grandmother gives you at high school graduation won’t do you any good if you are constantly putting things off. Sometimes students (and adults) put things off because they are intimidated by them. It manifests in the subconscious. You are afraid of failure so you set yourself up for failure. The solution is to simply get started. Break the task into manageable chunks and schedule time for each task.
Maybe it is long blocks of time that you find intimidating or tedious. No problem. You can do anything for 25 minutes. Am I right? Work with NO distractions. Put the electronic gizmos away and out of sight and sound. That includes the ear buds. No, you don’t work better when you listen to music. 🙂
Buy a timer and set it for 25 minutes. Focus on the task seriously for that period. As you begin to see something accomplished, whether it is a writing or reading assignment, you will begin to feel better about it. Dare I say, even inspired to do more. You also will soon realize that by tacking homework when it is assigned is soooo much easier than waiting until the 11th hour.
Still stuck? Another technique you can apply is to blatantly lie to yourself. Tell yourself that you don’t have to do the entire thing. You are just going to read a couple of paragraphs or just draft an outline. What will happen is that you will get some momentum going and realize that you can do more than you first thought.
Reading a few paragraphs becomes finishing the whole chapter. Outlining the paper becomes drafting the first paragraph and so on.
You are not alone, the majority of humans find a reason to put things off that we either don’t deem important or don’t like even if we know it is important. Even administrators at the most selective colleges like Princeton University realize that procrastination needs to be addressed. Look here to see what they have done to help their undergraduates.
Do You Want to be a Doctor? 0
Do you have a student or are you a student with aspirations to be a Doctor of Medicine or pursue any healthcare profession? With all the talk about healthcare issues and challenges, our basic western system of Allopathic medicine continues to frustrate both the patient and caregiver. My strong suggestion to aspiring doctors and nurses is to read this book and/or this one and watch this in its entirety before entering a field that is getting more purblind in understanding true wellness and based on scientific methods that have proven to be inadequate when it comes to curing…much less preventing disease.
My philosophy of placing more emphasis on diet and nutrition in the prevention of disease than the treatment of symptoms and strengthening the body’s natural immune system is making more sense as the nation as a whole becomes sicker physically, mentally, and spiritually. Bastyr University and other 
Naturopathic colleges teach that approach. It is all about the ounce of prevention worth more than a pound of cure. Mainly when the cure is designed to manage the symptoms with questionable drugs and not address the real cause of the disease. Recently, intelligent whistleblowers have been speaking out against the other big-money maker product, vaccines! It is, particularly now, a significant risk as more M.D.s are realizing how damaging vaccines can be. Nowadays, it is essential that parents, particularly mothers, research the reasons for any vaccines and how they are determined to be safe before allowing their children to be vaccinated.
Not convinced? Here is a refreshing, well-researched article by a West Point graduate and former army officer. Now, with Codex Alimentarius, Big Pharma is trying to make it illegal for a physician to practice proven alternative therapies to heal the body and/or prevent the disease in the first place. Call me if you wish to explore proven solutions to achieve optimal health for your family. It’s not “rocket science”. Eric Goodhart
Future Docs Are Confused, Too
Struggling to understand the national debate over health care? You’re not alone — your future doctor may be baffled, too.
A study published in the September issue of Academic Medicine found that nearly half of all medical students believe they have been inadequately educated about the “practice of medicine” — especially related to medical economics.
Our patients expect us to understand the system, said Matthew M. Davis, one of the researchers and an associate professor of pediatrics and internal medicine in the Child Health Evaluation and Research Unit at the University of Michigan’s medical school. If we don’t, that can result in poor patient care. And if we don’t expect doctors to understand the healthcare system, who will?
The study, by Davis and two colleagues at Michigan, examined tens of thousands of survey responses from medical students about the extent and perceived quality of their training in an array of curricular areas, including clinical care and decision-making and the practice of medicine—the latter including health care systems, managed care, and practice management, among other areas. Read more »
RATIO ~ SCHMATIO 0
Ratio ~ Schmatio
By SAMANTHA STAINBURN (Former managing editor of Teacher Magazine)
ISABELLE CARBONELL, a college senior from Bethesda, Md., has thrived over the last four years as part of a small learning community. Most of her classes have had fewer than 35 students. For freshman and sophomore years, her dormitory was in the same building as the cafeteria and many of her classrooms and professor’s offices. You see the same people over and over, and that lets you create networks, she says. You get to know your professors informally. You see them in the hallway, they say, How that project going along and you bounce ideas off them. Prospective undergraduates are deluged with statistics from average class size to the number of Nobel Prize winners on staff with which to take the measure of a college. Is Ms. Carbonella’s story an argument for choosing your college by the numbers?
Not exactly. She attends the University of Michigan at Ann Arbor, which has some 25,000 undergraduates, 4,100 full-time faculty members and 540 buildings. If she had been looking for an intimate experience, the numbers would have led her elsewhere.
That’s just one of the problems with statistics: they rarely tell the whole story. (Ms. Carbone’s story is that she signed up for Michigan’s Residential College, a program in which students live and attend classes in the same building. She now lives off campus but continues to take classes in the R.C. building.)
Another problem with numbers: Often statistics don’t measure what’s important, says Lloyd Thacker, executive director of the Education Conservancy, a nonprofit group working to improve the college admissions process. For example, the selectivity of a college, measured by how many applicants it denies, provides little information about the educational experience there. Read more »
Now What? 0
Now What? That is the title of a book by Ari King, in 2009 he was an unemployed graduate of Wesleyan University with a $180,000 degree in Italian Studies. He spent the summer after graduation at his home in California thinking about what to do with his life. At summer’s end, with no job prospects, he headed to New York City thinking his opportunities would be better in a town with 8.4 million people.
A friend who was a senior at NYU offered him a place to stay with his five roommates. It was deja vu all over again, but now with six roommates, not one. Sleeping bags come in handy in the city when there isn’t a couch available.
Each day he would scour Craigslist and elsewhere, looking for jobs under every category from ˜Government” and ˜Education” to ˜Russian speaking Nanny” to ˜Security Guard”. He grew increasingly frustrated, with a gnawing feeling of defeat and anxiety. Even hospitality jobs, where a decent income from tips could be quite good, were scarce. Once a person landed such a job, they didn’t leave. With the unprosecuted malfeasance on Wall Street, everyone was playing it safe.
His real world wake-up call reaffirmed what I have been seeing for the last 25 years. Too many colleges, for one reason or another, do not prepare their students to bridge the gap from college to the real world very effectively. Of course, we cannot put the blame entirely on colleges. That is why I tell high school students that it is their responsibility to thoroughly research the advising and career services of the colleges they are considering. It is the all-important third A in the AAA process. Plus, they must become a familiar face and known to the personnel in the career services offices no later than the second semester of freshman year. After all, what is college for?
Now, because of the latest pandemic (remember this one?) many people are unemployed or underemployed, not just recent college graduates. What does one do when one can’t get a job? Some may say, keep looking; don’t quit! Easy for them to say. But there is one thing that many bright people with initiative (college degree or not) are realizing; that if you can’t find a job or don’t like the one you have, create one!
But first, you have to look within yourself and identify honestly what you are good at. Ask yourself if you can use that natural strength to not only meet a need that people have but will pay you to fill it. For instance, Ari King enjoyed writing and his teachers recognized he had a flair for writing. He looked around his world. Why not write a guidebook that will help college students prepare for life after college? He did not see many that addressed the issue. He thought “Would people be interested?” The answer, judging by these Amazon reviews, is yes!
While reading his book I was amazed at the majority of college graduates he interviewed who went to college with
little thought put into how they were going to live and pay bills after college. Each graduate was asked what regrets he or she had and what could have been done differently. The majority said they did not use the career services office early enough (or at all) to find internships. No wonder so many were jobless upon graduation or working in jobs that a high school graduate would be qualified to do.
I recommend the book Now What? and encourage all students thinking about college or in college now to read it this summer before they realize that the years in college are a waste of time and money. Contact us if you REALLY want to make sure college is a good investment as well as learn how to keep yourself healthy during these challenging times…and beyond!
It’s Not Just About Getting In 0
By now, millions of high school seniors across the country have received the news from their colleges. We wish them all the best of success. Spring always brings some surprises, both good and not so good. This year was another tough year. Hopefully, the final decisions that each of them made by May 1 have been carefully thought through.
Now, seniors will be looking forward to proms, accepted college days at their respective campuses and finals, well, maybe not finals. One of the many questions they will be asked at points along the way and while in college will also be a question that has become harder for students to answer.
It is what do you plan to major in? 
For the thousands of students who have not seriously researched the options while in high school (as we advise students) will likely be overwhelmed by the choices, particularly at a university where the choices are ever increasing. Colleges and universities reported nearly 1,650 academic programs to the Department of Education in 2015; 355 were added to the list over the previous 15 years as colleges, to stay competitive and current, adopted new disciplines like forensic psychology, global studies, cyber-forensics and agroecology and all kinds of health sciences disciplines, including Adventure Education and Leadership.
Graduating with a double (or triple) major, minor or concentration as a way to hedge bets in an uncertain job market has become increasingly popular; the number of bachelors degrees awarded to double majors rose 70 percent between 2001 and 2014, according to the DOE.
Is Getting Into College Easier? 0
Is Getting Into College Easier?
You may have read or heard about how the number of applications have s
piked at so-called prestigious colleges around the country. That triggers fear in many households with college bound students. Fear is an often-used emotion to control the actions of people as to what to do (or not do) going forward. Some observers of the college selection process say it is actually easier to get into colleges (even the more competitive ones) than in previous years. Really?
They say that many students do not realize that getting into a good college today is a lot easier, and will become even more so in the coming years. That is the case, according to the Hechinger Report. The writers of the report say it is important to let go of the “fear” mindset because they claim it is one of the reasons why students do not bother to apply to more competitive colleges. Instead, they settle for lower quality schools, when they could have been accepted to much better institutions.
Actually, that is not the case with the students we have been guiding over the last 25 years. They are very much focused on the most competitive colleges, often too much so. When their college list begins to take shape, they are often doing it the wrong way from the top down, rather than the bottom up.
If the reader has college aspirations, you must first think about what is college for and why it is the logical next step for YOU? Though it may become easier to get accepted to college, the same due diligence in finding the colleges best qualified to help you reach your goals is just as important as always. Therefore, even though many colleges and universities may not be that selective, don’t neglect taking the steps that will help you determine if the college to which you apply is qualified to help you reach your goals.
By the way, don’t fall for the well-meaning but misinformed guidance of colleges and some counselors that tell you “Don’t worry about what you want to major in or do for a career. You will have plenty of time to figure that out in college”. If you believe that, read this now.
Yes, it may be easier to get into college in the coming years as there will fewer high school graduates until 2023. We are already seeing college Enrollment Managers conceive ways to not only “fill seats” but with the most revenue/per seat. 
Many colleges and universities will be increasing their marketing efforts to attract these students. Families might get to finally have (dare I say) the negotiating power. That’s because these institutions compete with each other when it comes to the record number of applicants. You may already have seen how colleges encourage everyone to apply without regard to their qualifications. The more applications they get, the more they can reject, thus moving up in the rankings.
The National Student Clearinghouse Research Center‘s said that there’s actually going to be more colleges looking for students, so getting into college is not something students should be worried about. But what I say is, they should be worried about how they are going to pay for it. For that and other answers to your questions, call us.
It’s Not Just About Getting In 0
Some students go to college knowing exactly what they want to do. But most don’t. At large state universities, it is not uncommon that over 75% percent of freshmen, even those who have declared a major, say they are uncertain about their major, and half will change their minds after they declare, sometimes more than once. That is one big reason that only 37% of students graduate in four years.
Colleges and universities have vested interests in students declaring early. Retention rates for declared students are better, and they are more likely to graduate in four years. But college officials also recognize that deciding on a major can be overwhelming, especially when coupled with the fear that a wrong choice will result in added semesters and tuition. Especially when coupled with the fear that a wrong choice will result in added semesters and tuition. Students no longer have the luxury of stumbling into a major or making mistakes, not that they ever did.
This requires thinking ahead. Teenagers are not expected to know what to do with the rest of their lives at age 18, 
but with coaching, they can cover the bases with prudent planning. Some majors have a curriculum that follows a tight sequence of courses. It’s easier to switch out of engineering than it is to take it up later in the college career.
The biggest mistake students make is failing to research what’s required of the major, and the profession. Nursing may sound attractive because a student wants to help people, but nursing students take the same demanding math and science curriculum as premed students, and the work is often technical and not for every kindhearted soul. It is also a similar track with Physical Therapy.
More niche filling additions to the list obviously reflect marketplace trends and student demand, like culinary science/culinology, digital arts, and sports communication. At Montclair State University in New Jersey, which offers 300 majors, minors and concentrations, new fashion studies major has been hugely popular, thanks to the university’s proximity to Manhattan; with Madison Square Garden and Giants Stadium in sight. It also guides the ambitious undergrad toward internship opportunities in a sports industry and event-planning major within its business school.
Still, it’s difficult to predict the employment market. That is why I will encourage students to think outside the box. In other words, if the job doesn’t exist…create one. Many students choose majors they think will lead to jobs, but four years from now freshmen will be applying for jobs that don’t even exist today.
Most employers are looking for transferable skills the ability to problem solve, work collaboratively, write and speak clearly and think critically. These can be developed in any liberal arts discipline. It makes no sense to suffer through a major because you think it will lead to employment.
In the final analysis, wherever a teenager goes and does after high school, which I call Crossing the Gap Preparing for the Transition, where they go does not matter as much as what they do when they got there.
The late great business philosopher, Jim Rohn, said this “A formal education will make you a living, but self-education will make you a fortune!” These two college graduates understood that. You can too! 1 (978) 820-1295