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State and federal funding has shrunk dramatically, and universities must make up the shortfall through tuition. At my university they are building new dormitor
by HarryHirsch 14y ago
State and federal funding has shrunk dramatically, and universities must make up the shortfall through tuition. At my university they are building new dormitories, from money out of the general fund, and they hope to recover this through increased enrollment.
They are expanding the faculty, too. But here is the problem: there isn't an infinite supply of capable students; the squabble that is going to happen for the few capable students in the mediocre horde isn't going to be fun. I predict that the model isn't going to be successful, but I cannot see what is going to take its place.
- SoftwareMaven 14y agoThat squabble started happening 10 years ago, as universities started shifting far more money to marketing efforts for prospective students. I was working for one of the biggest companies in the higher ed space at the time, and following those dollars became its highest priority. But you are right, it is going to get ugly as more students question the value of an education versus not or look to other alternatives. The higher ed balloon is stretch pretty thin right now and easy student loans are the only thing left inflating it, IMO. It's going to pop, and I wouldn't want to be employed in higher ed when it does.