How Falling Enrollment is Affecting Colleges

Colleges across the country are experiencing falling enrollment rates that are ultimately leading to colleges closing their doors or merging with others. The period between 2019 and 2021 witnessed the number of students enrolling in college drop by almost 8%, the largest drop in a two-year timeframe in the past 50 years. In 2022 alone more than 1 million fewer students are attending college compared to before the start of the pandemic. Factors such as rising college costs, lower return on investment, smaller college-age populations, and rising lack of interest have all contributed to the fall in enrollment. 

The COVID-19 pandemic has also accelerated the already declining enrollment rate. In 2020, 56% of college students in the U.S. said they could no longer afford to pay their tuition while 70% of college students in fall 2021 said a huge factor affecting their education plans was college affordability. In fact, high schoolers now are more likely to choose less expensive college options, like going to a community or public college. It is predicted that 36% of students will attend community college, an increase from 20% before the pandemic began. 

Research shows that community colleges saw enrollment fall by 15% even though selective colleges experienced an enrollment increase of 3.1%. Smaller schools have also experienced more struggle than bigger ones. Data shows 79% of schools with fewer than 5,000 attendees are having problems staying open while 52% of schools with more than 30,000 face similar issues. With the continuing decline in enrollment, colleges are competing more than ever to get enough students attending each year in order to maintain a sustainable tuition revenue. 

Ivy Leagues and other selective schools have shown to have a competitive advantage compared to other colleges. One reason is because of popular degrees being considered more valuable when obtained from highly selective schools. Another reason is the larger endowments these schools obtain that allow them to offer sufficient financial aid or tuition assistance to students. 

Schools are able to use endowments as well for activities like student aid programs, fellowships, and research. Universities that are able to spend a small part of their endowment yearly can assume less risk for the future market value of their investments. Unfortunately, only a handful of universities have endowments that are worth more than $1 billion.  

Pursuing a college degree is beneficial for anyone, but is your choice in school a financially viable one? You can determine whether your school is at risk of closing by reviewing their endowment reports, possible tuition discounts, financial responsibility composite score, or news reports. Some colleges can close slowly over several months or years, but certain colleges have no choice but to shut down almost immediately. If your college does close, you can reach out to offices that offer legal aid for help or look into federal loan discharge options that allow you to get a refund on your payments. 

With enrollment rates predicted to continue falling, competition for students will remain high among colleges.

Elizabeth Rovens: Comfortability, Style, and Timeless Fashion Pieces

The fashion and beauty industry is decorated with iconic hits and misses, new trends popping up every day, each new trend outdoing the last. Given the dynamic nature of these industries, it can become confusing and overwhelming to keep up with the trends. Cognizant of this, one innovative brand, Elizabeth Rovens, aims to bring quality and timeless pieces to the fashion and beauty world.

As a brand that preaches style and comfortability, its flagship product is its high-quality t-shirts flawlessly crafted with the highest quality Supima Cotton. More than their rich texture, the t-shirts were designed by a gifted European artist, and the beautiful design themes feature popular yoga symbols representing peace, harmony, and spirituality. Combined with its affordable price point, these qualities increase the t-shirt’s broad appeal across multiple demographics. In addition to its signature t-shirts, the brand also offers different yoga classes. 

At the helm of this well-curated shop is a brilliant fashionista: Elizabeth Rovens, a yoga instructor, fashion, beauty and lifestyle blogger passionate about sharing her daily outfits and lifestyle inspirations with her audience and fan base. A model with over ten years of experience in the modeling, cosmetics, beauty, hair, and film industry, Elizabeth provides her audience with exclusive insider tips. “I love to share my professional tips with those in the industry of fashion/beauty or with those who just love it!” she excitedly shared. 

On her page, the fashionista brings the high-end fashion scene to her audience, complete with exclusive behind-the-scenes views, releases, limited edition launches from all of their favorite brands, and styling advice that transforms the look and takes it to the next level. 

When she is not sharing tips, she is catching flights to the next fashion show. “You’ll frequently see me traveling the globe and attending fashion shows, taking my passion for fashion wherever it leads me, and always carrying my Fendi clutch along for the ride,” she says. In February 2020, she was invited to her first Fashion Week in Milano FW20 by Fendi and Saks Fifth Avenue. Recalling the experience, she said, “It was such a wonderful experience to be part of some of the world’s most influential high fashion brands. This is just the beginning.”

When asked the motivation behind her brand, the bonafide fashionista insightfully shared, “I couldn’t find any quality, good-looking, comfortable, and affordable t-shirts that I wanted to wear.” So rather than sit back and complain, this soon-to-be industry leader turned around the situation for herself and others, thus creating the Elizabeth Rovens—a brand grounded in celebrating style and comfort. 

As someone passionate about her brand, Elizabeth Rovens has big plans for the coming years. She aims to continue developing her brand by creating more high-quality, good-looking, comfortable, and affordable t-shirts that are instantly recognizable as the brand. Additionally, she remains dedicated to providing her followers with more helpful information when it comes to fashion, beauty, fitness, and lifestyle. As she proudly explained, “I’m focused on the here and now, but hopefully, one day, I’ll see them being sold at big department stores.”

Zynga President Bernard Kim Steps Up as New Match Group CEO

Photo: Reuters

Match Group announced on Tuesday that, effective May 1, Bernard Kim, president of mobile gaming maker Zynga, will replace Shar Dubey as the company’s CEO.

Dubey joined Match Group in 2006. Her departure comes after two years of serving as the company’s CEO. 

However, she will continue to serve as a director and advisor to the company, Match Group added.

Match Group owns dating apps like Tinder, Hinge, and OkCupid. It recently announced its quarterly results, showing that its total revenue increased 20% to $799 million in the first quarter, beating analysts’ estimates of $794.2 million.

With COVID restrictions eased, an increase in user mobility in most of Match’s markets was observed, allowing people to explore and connect outdoors and attracting more users to its flagship dating apps.

The company also said that the growth was achieved despite the negative impacts of Russia’s invasion of Ukraine on its European business and the COVID-19 cases.

Tinder’s direct revenue grew 18% from a year ago for the first quarter.

Match Group’s board has also authorized a buyback of up to 12.5 million outstanding shares.