Posted on Dec 3, 2019
The other college debt crisis: Schools are going broke
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"Small, private liberal arts colleges — a staple of American academia since before the founding of the republic — are colliding with new realities including changing demographics, ever-increasing demand for technical skills and competition with bigger and richer schools.
The result, in many cases, is not pretty."
The result, in many cases, is not pretty."
The other college debt crisis: Schools are going broke
Posted from cnbc.com
College
Finance
Undergraduate Student
Education
Edited >1 y ago
Posted >1 y ago
Responses: 2
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Business model is outdated- technical schools are back in fashion. Rising cost and trying to provide programs for small percentages. Some have adapted and offer short term associate degrees or technical certificates now as well- they will survive. Good share.
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LTC Eugene Chu
Thanks. Side note: business schools within universities have been changing. Although traditional majors still exist (e.g. accounting, finance, marketing, etc.), newer majors also have emerged (e.g. IT management, entrepreneurship, etc.)
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Maj Marty Hogan
LTC Eugene Chu - I see a streamlined model- less humanities and more hands-on/technical aspects in the future. The traditional degree program is not as coveted as it once was. When a plumber/electrician make $45 an hour after earning a journeyman's card and a person that earns a masters earns half that and has the loan debt....people catch on over time.
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$200K for the president, $70K for teachers, old brick and mortar and all the cost deferments the school that is to teach accountability, budgeting, leadership have failed themselves and the students? Next 50 years half of the universities are expected to close and majority will be online. Thus the idiot tenured professors will not have the chance to say their weird ideas and liberalism.
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