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...MIT??s decision to remove the 500-word personal statement from their college application eliminates a crucial piece of the college evaluation and admission process. The decision will make it more challenging for MIT to evaluate its applicants’ writing skills, shifting the burden of expression to three shorter 200-word response essays...
...MIT??s applicants will still bear the same stress that comes with a college application. Unfortunately, they may lose the ability to display their voice and writing skills with this new format. It was already a challenge for applicants to express themselves in a 500-word essay, but it is more difficult to do this in 200 words. Students will be forced to focus almost entirely on content, whereas in the traditional personal statement, they can display their true writing talent...
...Part of that could be due to the economy, could be the job security thing after college, because it’s harder to get jobs these days.” While MIT has followed the trend of increased enrollment, Harvard ROTC—which trains as part of MIT??s program—has not followed suit. In 2006, Harvard students made up 15 out of the 49 Army ROTC students participating in the MIT program, according to Lt. Colonel Timothy Hall, the department head of Army ROTC at MIT. This year, Harvard students make...
...MIT??s endowment outperformed its peers this past year. According to investment consulting firm Wilshire Associates the median large endowment this past year generated an investment loss of roughly 18 percent. “Investments in the fixed income, marketable alternative, real asset, and real estate arenas helped offset significant declines in public and private equity portfolios,” the MIT press release stated...
...MIT??s statement also noted that its endowment has generated an annualized return of 9.3 percent over the past 10 years—slightly better than Harvard’s 10-year annualized return of 8.9 percent...