They're finally catching on.
It’s only been around since 1968.
Not exactly like closing Harvard or Yale.
I think I see the problem.................................
They're finally catching on.
There was a survey that showed that the bottom half of the law school classes in over half of the law schools don’t get a job as a lawyer. Universities have turned into mills that admit unqualified people for jobs that don’t exist simply to squeeze them for as much tuition as they and their poor, deluded parents can be squeezed for before they break.
I taught at a CTE high school at a time when a lot of older mechanics were retiring and there weren’t enough young guys to take their place. Guys in my special ed classes came back to visit their shop teaches, and I got to speak with them (I teach math). AFter 2 years, they would be making more than I had been at the time, after 5 years of teaching.
“Dowling is the latest in a series of small private colleges that have shut their doors amid financial trouble. This month, Burlington College in Vermont, formerly led by the wife of Democratic presidential candidate U.S. Sen. Bernie Sanders, said it will close after taking on heavy debt.”
Let’s start a Free Republic Conservative College, and buy it.
Any investors here??
It will take time. These things move on a four-year cycle, minimum. But IMO, in a generation or so, the survivors will be top ranked private schools (think Yale, Stanford, Duke) and heavily subsidized flagship public schools (think UMass, UNC, Nebraska, etc). The Community College system will still be doing pretty well - perhaps the best of all because they fill a need and are nimble enough to adapt.
Some smaller, "safety schools" - think second ranked public schools, or some no-name privates - may do well if they specialize. "Go to XXXXX, they've one of the top Botany programs in the world".
The others? Wellllll.....
Degree Mills - hint, you can see ads for them on TV - will go under.
Smaller schools that are smart enough to adapt and specialize might survive. These will be fewer in number than you think. One (of the many) things that shocked me during my (thankfully brief) foray into academia was how little faculty and staff understood the concept of money. "Budget" was something the finance weenies complained about, occasionally, then eventually the problem went away. The concept of "Zero Dollars" is utterly foreign. So - when the money runs out, many of these places will crash like a bug into a windshield.
For the larger schools - you can't conceive of the sheer volume of useless fat that can be burned through to find dough to stay operational. Sure, students will protest, staff and faculty will rant and rave .... but when things go into survival mode, that 3rd Assistant Dean of Student Diversity, along with her attendant staff, will get laid off. And there's an unimaginable amount of that kind of deadwood in these places.
Just my unsolicited $0.02.
Hmm...ya reckon?
Tuition's just north of $29K a year. Total cost - this is Long Island - right at $45K. $180K for a four-year degree. Cha-ching!
Let’s rename it Bowling College. People would learn more.