Monday, December 7, 2009

New Sales Tax on College Kids to Pay For The Fiscal Irresponsibility of Local Governments!!!

Now I have heard it all. The city of Pittsburgh wants to enact a 1% tuition tax on all college students going to college in the city. The rationale is that students going to college use public services and utilities and do not pay directly for them.

I can't wait until the legislature in New York hears about this one. Imagine your son or daughter going to the University of Buffalo and on to the cost of attendance of say $18,000 you now will have to pay a tax on top of that. It sounds like a new sales tax scheme. What if you are a need based student or received a scholarship; does that lower your cost and reduce the tax? How about an athlete on a full ride? Do they pay the sales tax on the total cost?

Here is how you kill the golden goose. There are 17 colleges and universities in the Albany, Rensselaer, Saratoga, and Schenectady area. The reason I bring this area up is that our daughter has graduated from Skidmore College and our son is presently at RPI. The 17 schools have a combined annual budget of almost $2 billion. These 17 colleges educate almost 70,000 students annually.

About half of them come from outside the area which means that they are also spending outside dollars there. If each spends an additional $10,000 a year, that's another $350 million and that's not part of the 2 billion. So the combined economic impact to this one area is almost 5 billion dollars. I caution our legislature to go lightly here and do not institute a sales tax on higher education and force parents to go to a state that does not have the sales tax.

College is expensive enough. Adding a sales tax on to the cost of college will only hurt the middle class who are having a tough time paying for college right now.

Thursday, December 3, 2009

Help Unemployed College Grads... Hire Them To Tutor A Child

With so many recent college graduates being unemployed, we have decided to start a movement to get them hired by parents to be individual tutors. Math, Science, History, English, Business majors can tutor SAT subject tests, AP, Regents, the list is endless. The cost of attending a quality 30-hr classroom style SAT test preparation course put on by a private company can cost a parent $1,500 to $3,600.
Most of the fee paid by a parent goes to the company, not the instructor. By hiring a qualifed college grad you could be getting a lot more for your money; someone who can speak the student's language, understands social networking, peer pressure, and what the student is going through. All this can help motivate the student to achieve in school while employing many more college grads.
Another benefit is putting a college grad to work. This makes them feel productive, keeps their brains sharp, gives them responsibility and on and on. The problem has always been, where do you find these qualifed college grads, how well have they been trained, how can you monitor the child's progress, and who supervises the tutor?
One answer is a company we started working with called Revolution Prep. They have the whole individual tutoring model figured out and their tutors are recent college grads. If you need more information give us a call at 631-864-3688.