affiliated.
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Link: President Mitch Daniels e-mail today
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Right now, millions of potential admits and their parents are looking at tuition, housing, and meal plan prices, loan rates and terms, and saying WTF, we can't afford this. It's not a coincidence that JS just came out with this announcement. Admins are looking at some horrible numbers, especially for their dorm/meal plan profit centers, and realize it's hella cheaper to go online. This is especially true if the uni doesn't do deep discounts for online classes.
We're gonna see the consequences of all the debt for campus construction. Not just at ND, but across the country. Football is going to be the least of their problems...
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Frankly, it's a matter of cost. Unis have priced themselves out of the market. Nothing that I've read indicates a fall in cost of attendance, so unless that happens, what states believe, and what actually occurs are two different things.
Also, I haven't read anything that indicates states will open public unis in the fall as s certainty. If they don't, and everything goes online, it'll be an indication brick and mortar is finished..,
On the bright side, football makes them the most money of any single item so hopefully it is high priority to continue.
I can't believe this $hit
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Have fallen through the floor. Aggregate student loan debt is roughly $1.7 Trillion. The unis, including ND, have priced themselves outta the market. All this at the beginning of a Depression. It makes no sense to keep believing the scam the unis have been pulling for decades.
I'm from San Francisco, and there are six catholic colleges and unis in the Bay Area. The number of catholic potential admits has been dwindling for years. Yet all thise ivstitutiins decided they were going to keep building shit they don't need because admins thought they would always have students stupid enough to keep taking on loans to pay higher uni costs. They're finding out they're wrong, and a highly doubt all six will survive as presently configured.
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.....many were donated by people wanting to put their names on something, but after it’s built, their is a significant maintenance cost.
Best example is Oregon's Matt Knight Arena. Uncle Phil paid a few million to put his kid's name on the thing. The total public debt is close to $220 million. It's been a boondoggle..,
Gee, i can't imagine that recruiting rivals would spread that lie around. Those kids might make a different choice and then find out that the other school was closed anyways.
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Would be very premature.