ND admits students

first_imgWhen most colleges see increases in applications, they admit more students, assuming a large number of them will choose to attend other schools. But Bob Mundy, director of admissions, said the yield for admitted applicants who chose to attend the University last year was unpredictably high, leading to a decrease in the number of acceptances this year. “Clearly we think we’ve become a more popular option out there,” Mundy said. According to Don Bishop, associate vice president for undergraduate enrollment, 16,952 high school seniors applied for a spot in the Class of 2016 and 3,850 were admitted. Last year, the University received 16,520 applications and accepted 4,019 students, Bishop said. The number of international applicants and applicants of color also rose this year, he said. Bishop said this year’s acceptance rate was 22.7 percent, down from 24 percent last year and 29 percent two years ago. He said 2,500 applicants were put on the waitlist. Because so many admitted applicants chose to attend Notre Dame, not a single student was accepted off the waitlist last year, Mundy said. “We’ve admitted about 170 fewer students than last year, with the goal of being able to admit some students off the waitlist,” he said. Admitted applicants’ academic qualifications remained impressive, with a median SAT score of 1460 and ACT score of 33, Bishop said. The median high school class performance for the admitted class was also the top one to two percent, he said.   “We could admit 75 percent of our applicants and still have a group that would be very successful here,” Mundy said. Bishop said these statistics have improved greatly in the past few years. “About a fourth or a fifth of the class that five years ago would have gained admission, in today’s competition, would not,” Bishop said. The number of admitted legacy children remains higher than at most elite colleges, Bishop said. Twenty-four percent of this year’s admitted class is a legacy compared to about 12 percent at most top 10 schools, he said, but this is because legacy applicants tend to be very qualified. “Notre Dame alumni have traditionally had more children, and Notre Dame alumni children are more loyal to applying to Notre Dame,” Bishop said. “Even though there is this special consideration, a disproportionate … share of our top students are children of alumni.” The increase in exceptional applicants and decrease in available spots contributed to more selectivity in the admissions process, Bishop said. “We’re more selective, but we’re more on mission,” Bishop said. “Once the numbers get so high in the academic credentials of the student, it’s not necessary to continue to use those numbers to distinguish one student from another.” Bishop said admissions officers choose qualified students by examining characteristics that fit the Notre Dame educational philosophy. “You start looking at the other attributes … [such as] intellectual drive and ambition … their creativity, their sense of service to others, their leadership … [and] being active in service and faith,” he said. Because most of the admitted applicants will have been accepted to other top schools, many students’ decisions will rely on financial aid, Bishop said. “The financial aid staff is going to be working extremely hard on counseling families and assisting them,” he said. “Notre Dame will likely spend over $27 million in financial aid to the freshman class, and that’s gift aid. Over the course of four years, it will be over $100 million.” Bishop said other accepted applicants will base their decisions on campus visits and current students should look out for them. “All the students on campus should know that we’re going to have a lot of visiting admitted students who are going to be comparing us with a lot of great choices,” he said. “We’re hoping that our students will take this opportunity to reach out to the visiting students and tell them about Notre Dame.” Overall, Mundy said he is pleased with the Class of 2016. “It’s safe to say we feel really good about the group as it stands right now,” he said.last_img read more

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Striking the right balance between growth and risk

first_imgThe buzz around the industry has all eyes on collateral values, which are expected to continue to decrease into 2018. Questions remain:  How long will this trend continue?  What percentage of consumers that own a car will now have negative equity and will this negative equity position lead to more credit defaults?  What can credit unions do to protect themselves? As we know, the appraised value of an asset being used as collateral today, may not hold the same value over the course of the loan. While we hope adjustments and decreases do not affect values dramatically, there are checks and balances that can be put in place to mitigate the impact on your auto loan portfolio.Some things to think about:Diversification of the Portfolio—If certain vehicles are coming back with negative equity positions, a review of the portfolio should guide your action plan. Is there a concentration of those vehicles and are you prepared to handle any fallout? One way to remedy this is by setting aside enough funds to address falling values. It may be time to stop lending on certain vehicles until conditions stabilize. Review Advance Guidelines—With some advances going over 125%, credit unions may not want to allow a borrower, with a lower credit score, the ability to obtain a loan with advances as a high as a Super-Prime borrower.  Periodic Review of Auto Loan Portfolio—During the lifecycle of the loan, analysis of the portfolio should be conducted on a regular basis to manage outcomes. This allows the credit union to reserve more for anticipated losses while making underwriting adjustments.Lending to Riskier Borrowers—This is the time you may want to review credit tiers to see how each is performing.  Make adjustments as needed and be willing to walk away from riskier borrowers. Impact of Negative Equity—Similar to what took place in the mortgage industry, homeowners walked away from their homes.  The same case can be made for auto loans that are upside down. Members who do not have skin in the game may very easily default on their loans. This is a good time to work hand in hand with your collection department to ensure that they are able to work with members who may be having difficulty.In addition to reviewing your conventional auto loan portfolio, credit unions who participate in leasing, should do a comprehensive review of their leasing portfolio as well. If your credit union participates in leasing, it is critical to make sure the tools used for projecting values are the best in the industry. Key questions for review:Does the credit union or the vendor take all the risk for the residual value?What methodology does your vendor use when coming up with residual values?Has the vendor demonstrated longevity in the leasing market?Have you had a good financial experience with your leasing partner?While you may have done everything to ensure your portfolios are not impacted negatively, periodic review of your current processes, underwriting guidelines, and collections department procedures will benefit you greatly. How aggressive do you want to be in this market, and can you afford to be? Like all business trends, we are in a cycle. It may be time to pull back in some areas, but not so far that you are unable to do any lending.  There are many opportunities to capitalize on, but it must be done while striking a balance between protecting the credit union and managing growth. 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Indira Khan Indira Khan is Vice President of Credit Union Relations for GrooveCar. Indira has an extensive lending background having worked in the banking and credit union sectors for over 30 years. … Web: www.groovecarinc.com Detailslast_img read more

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Messi had to stay at Barca due to bad advice, says Sanchez

first_img Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeTop 10 Most Romantic Nations In The World7 Ways To Understand Your Girlfriend Better10 Risky Jobs Some Women Do12 Iconic Actors Whose Careers Were Stunted By A Single Movie6 Extreme Facts About HurricanesIs This The Most Delicious Food In The World?8 Things To Expect If An Asteroid Hits Our Planet6 Ridiculous Health Myths That Are Actually True14 Hilarious Comics Made By Women You Need To Follow Right NowWhat Happens To Your Brain When You Play Too Much Video Games? Lionel Messi was left with no choice but to reverse his decision to quit Barcelona due to bad advice from his father and agent Jorge, according to former Real Madrid player Hugo Sanchez. The six-time Ballon d’Or winner sent shockwaves through the football world last week by informing Barca of his intention to leave. However, LaLiga disputed Messi’s claim that he could leave on a free transfer courtesy of a clause in his contract, meaning any potential suitor would have to negotiate with Barca or pay his €700million release clause. Messi announced on Friday he will now remain at Camp Nou because the financial demands made by the Barca board for a transfer to happen rendered such a prospect “impossible”. And Mexico icon Sanchez, who has been critical of Messi during the saga, blamed the 33-year-old’s failed exit strategy on his representatives. “That untimely burofax only strengthened the image of the president of Barcelona and gave him time to weaken Messi’s decision,” he told ESPN. “Messi has had no choice but to stay at Barcelona due to bad advice from his father and the law firm, because they could have saved that burofax. That has caused weakness to his image within the team. “Coincidentally, Messi had the lawyers who had previously worked with Barcelona, but due to a conflict of interest, the Catalan club changed its strategy. “If Messi and his father already had the decision to leave Barcelona, they should not have waited in time. “But before the end of the term agreed in the contract, they had to tell the club that they wanted to leave at the end of the season and on a free, without paying any compensation. If they had it planned, it should have been done that way.” He added: “Messi’s second problem was to send that burofax without certainty and guaranteeing that they had a team that would pay the €700m, which, due to the pandemic, no team in the world that can invest that amount.” Messi is now expected to re-evaluate his future at the end of the 2020-21 season with Inter, Paris Saint-Germain and Manchester City possible destinations should he finally leave the club he has represented since the age of 13. “He has no choice but to drink several garlic and water teas in these next eleven months,” Sanchez said. “Messi likes to win titles and will need to look for another team where he can win championships and prove that he is the best player ever. read also:Lionel Messi reveals date for Barcelona training return “The whole problem with Barcelona is going to distract him next season, in such a way that there will be doubts both about his behaviour and the fact that he is not the same young man who ran all over the pitch.” FacebookTwitterWhatsAppEmail分享 center_img Loading… last_img read more

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