Feeds:
Posts
Comments

Posts Tagged ‘recession’

At the end of August (2008) I was gearing up for our EOY (end of year) individual appeal, and had drafted a letter which referenced the recession. Our ED who received his letters in economics, and according to him was the youngest tenured professor at Wharton at one point, summarily told me there wasn’t a recession. While technically Bernake/Paulson/ or whomever had not declared a recession I decided it was a point worth arguing. My ED argued that there are certain parameters that must be in place for a recession to be called and mentioning the ‘R’ word was tantamount to screaming the ‘sky is falling’, and I argued that while I didn’t possess a PhD I knew enough about economics and more importantly understood hood economics to warrant using the “R” word. I explained to him the hood tenet of black folks as the first to suffer from a recession and the last to recover from one, and coupled this with the anecdotal information coming from our own nonprofit. Typically summer was a slow time of the year for us, but we had seen a steady stream of people looking for work and more importantly folks with jobs coming in looking for a better (or second) job. Also, many participants noted that it was difficult to purchase the basic necessities … particularly staples such as milk, paper goods, and meat. During lunchtime it was not odd to hear participants speaking about running up larger tabs at the local bodega (where many poor New Yorkers do a hefty portion of their food shopping) and ‘cutting back’. For the hood, cutting back takes the form of buying a gallon of milk one quart at a time (eventhough this results in a higher gallon cost for families)….or by replacing the staple of chicken with the less expensive substitutes of ox tails and pork parts.

Despite everything I knew I couldn’t convince my ED we were in the right to use the ‘R’ word and that our funders would appreciate the forethought by us of calling a ‘duck’ – a duck. While I am a big proponent of finding professional mentors who you can count on for learning the concrete tasks of your profession I found myself just lacking the background knowledge to articulate my insights, and for me this was the beginning of the realization it was time to go back to school. By the time the holidays rolled around I used vacation time to visit Columbia and NYU to look at program options and to get a sense of the application process. Through acquaintances I had secured inauguration tickets for me and my mom, and while the cold weather kept my mom from heading to DC with me, I decided to do a post-inauguration brunch in Philly with her. By this time there was no doubt we were in a recession and at brunch I decided to share with my mom my desire to go back to school. After almost ten years of giving my mom reasons for not going to grad school, I found myself articulating why this was the time to go. My mom’s main concern was the cost prohibitive factor of returning to school. My youngest sister is still trying to get her undergrad degree and my mom was clear that she wouldn’t be able to help me financially as she was still committed to helping my sister. She also felt that I should be happy that I still had a job and that if I was serious about school I should wait until the recession ‘blew’ over before returning. I had hoped to leave the brunch bolstered by my mom ready to commit to applying to school, but instead I left riddled with anxiety at the thought this perhaps wasn’t the smartest choice to make.

While reticent about the country’s future, my future and more importantly about returning to school I moved forward with applying to school. I prepped for the GRE/GMAT, and took the GRE, visited classes, read blogs by current students and alumni, talked with friends who did various programs, collected immunization/transcripts/recommendation records …. basically I started the process that would dominate 2009 for me. As I visited the various admissions offices I learned that many other folks were applying to school (thanks in part to the recession) but many schools would not be increasing the number of accepts – thus making it ‘harder’ to get into school. I initially had hoped for a fall admit, but ended up waitlisted at one institution and denied by my fail safe. I was ready to chalk it up as maybe my mom was right (it isn’t the right time to consider returning to school), but instead I decided to double up. I increased the number of institutions I applied to and decided to push for a January admit. The strategy paid off …. and I found myself with a few choices for January. I think I have made the best choice in Milano and only time will tell. Overall I am looking forward to being challenged by my classmates and reading material. I am looking forward to challenging myself to embrace the new and lastly to be a bit more proactive than I was as an undergrad. With classes starting tomorrow I am still unsure what to expect (other than more complex math and reading things I don’t like) and I find myself as equally ambivalent as I was starting out the process….on some level I believe this ambivalence will be the only certainty about the next two years.

Read Full Post »