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Western Carolinian Volume 64 (65) Number 26
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: I I i I i i I < WESTERN CAROLINIAN NEWS March 29, 2000 WCU Retention Rates Business Students Make Increase Two Percent Finals in AmEx Competition by Craig Day Staff Writer The retention number for the freshman class is up two percent from last year, which is beneficial to the students and faculty of WCU in that an increased retention rate means increased opportunities for the campus. The 1999 WCU Factbook, assembled by the Office of University Planning, contains information from the '98-'99 school year. The Factbook reports that freshman retention has increased from the 67.5% of the 1997-98 school year to 69.5% for the 1998-99 school year. "As we retain more students," says Thomas Canepa, associate vice-chancellor for Enrollment Management, "there is going to be a financial benefit associated with that, because if we continue to grow with our freshmen class and they persist to graduation, that is going to mean additional funding for new faculty positions, new support positions and new service positions where students are concerned." This financial benefit can help students directly by creating more on-campus jobs and new programs to help students in a variety of areas. "I think that more opportunities for students will open up from an on-campus employment standpoint," Canepa said A high retention rate has other positive aspects besides just being a financial boost. It also can enhance the reputation of the school in political aspects. "Let me go one further step, that increased retention also has an impact on politics in a taxpayers perspective as well," said Canepa. "Lawmakers sometimes assess the university's success by what percentage of new students are graduating from the university. Lawmakers then say that since you are only graduating a certain percentage of the students then are you being effective as far as educational delivery mechanisms? Then the taxpayers make the point that they are spending all of their tax dollars supporting these universities to educate our students. If they do not graduate then what is the point?" WCU, in its attempt to increase the retention rate even further, has implemented a few new programs for the 2000-01 school year. "This is the first year for the upcoming class that we have used a high school class rank as a criteria for admission," said Canepa. "There is a correlation between success at the high school level and success at the collegiate level. By using class rank as an admissions criteria there is a stronger likelihood that students will be successful academically at the collegiate level." The Advising Model and the ARC program are also being implemented in order to retain students. In the Advising Model program students, are issued a professional counselor that is with them the entire year. The ARC (Academic Residential Community) program will offer tutorial support. by Dan Menestres Staff Writer WCU was one of six teams chosen to go to the first-ever American Express Planning Invitational in New York City next month. Dr. Grace Allen, Associate Professor of Finance, will go with Leslie Johnston, Charlie Kerby and Josh Roper to compete for scholarships and other awards. Students at the competition will learn about financial planning on the all expense paid trip on April 6-9. Jill Franklin also participated with the team in developing their plan and was chosen as an alternate but will not be going to New York City. WCU was selected for their application responses and financial plans they created for a fictitious family. At the Invitational, these teams will be given a variation of the original case they worked on and will then have three hours to prepare a presentation for a panel comprised of industry experts. "We here at WCU in the College of Business have a Certified Financial Planning degree program. The students competed in class first and then were selected for the team," said Dr. Allen. "We are extremely excited and have worked very hard." "We would like to win but the experience of competing is the most important opportunity," said Dr. Allen, when asked what the team hopes to accomplish. American Express began this competition due to the increasing demand for college graduates in financial planning, while at the same time providing further experience in this field. "We look at it as an educational opportunity for students in financial planning. It allows them to work on their skills and are judged by professionals and they receive feedback," said Nicole Olson of Padilla Speer Beardsley, the public relations firm that helped American Express launch this new endeavor. The final part of the competition is a game-show style competition that will test the competitors' knowledge of basic financial planning terms and concepts. "I think we have a real good chance to win," said Josh Roper, a senior accounting major from Atlanta. "We are going to represent our school and try to bring back $10,000 in scholarships for the school." "We really are hoping to place in the top two to get the scholarship money," said Leslie Johnston, a senior management/financial planning major from Denver, NC. "We've prepared a 90-page financial plan in order to qualify for the final round." The other teams selected are Kansas State University, Minnesota State University, San Diego State University, Texas Technical University and the University of North Texas. These teams will compete for scholarship money for their respective schools, with $ 10,000 going to the first- place winner and $5,000 to second-place. American Express Financial Corporation has a network of more than 10,000 financial advisors providing long-term financial planning to nearly two million clients throughout the United States. CAMPUS COMPUTER STORE BOTTOM OF MCKEE BLDG. STORE 293-9711 SERVICE 293-8701 CAMPUS COMPUTER STORE INTRODUCES OUR SERVICE DEPARTMENT -SYSTEMS CHECKS -UPGRADES -INSTALLATIONS OF. ALL KINDS % \.\ CLEANING!!! -INTERNAL DUST BUSTER... $9.95 •SYSTEM DEFRAG & DUST BUSTER... $19.95 -ANY HARDWARE INSTALLATION & DUST BUSTER... $29.95
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The Western Carolinian is Western Carolina University's student-run newspaper. The paper was published as the Cullowhee Yodel from 1924 to 1931 before changing its name to The Western Carolinian in 1933.
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