Posted on 10/25/2008 8:15:21 PM PDT by Lorianne
In June, 157-year-old Antioch College decided to "suspend operations" at its flagship campus despite a push from alumni to rescue the flailing institution. At that point, only 60 students were enrolled, and their $40,000 per year tuition was being heavily subsidized by Antioch's five newer campuses.
Antioch Chancellor Toni Murdock said the plug had to be pulled. "It was a downward spiral where fewer students led to fewer professors, and eventually the deficit was projected to be so large that the other schools no longer wanted to subsidize their mother school."
They may soon have company. Home builders and banks aren't the only ones facing economic headwinds these days. America's undercapitalized independent colleges are staring at a spiral of major threats to solvency as penny-pinching students and parents consider cheaper options, and funding sources dry up. As a result, they could be the next bubble industry to pop.
(Excerpt) Read more at msnbc.msn.com ...
Majors:
Pottery
Sylvia Plath Studies
Introspection
Marxism
MARGINAL private colleges will vanish. Do you really believe that the Ivy League, Stanford, USC and those will vanish? C’mon.
We have too many state schools as well. Ohio alone has OSU, OSU-Lima, OSU-Marion, Cincy, Akron, Dayton, Wright State, Kent State, Toledo, Ohio Univ. Cleveland State, Columbus State, Bowling Green, Miami, and I can’t even remember the others.
Employer: What is your experience?
Former College Professor: My speciality was "The Marxist Dialectic as the Deterministic Factor in Post Darwinian Philosophy"
Employer: Next!
I asked a friends nephew what he was majoring in and he replied “Environmental Archeology”. Oh yeah, that will land him a good job for sure.
BTW, if anyone follows the link sign up for your free copy of Imprimus, often toted on Mark Levin's show.
We’re part of the trend. My daughter spent her first two years at a very expensive private college. Her father and i said nothing to her, but this year she spontaneously decided to transfer to a public university. At the small college she had exhausted the courses in the area of her interest and saw no reason to continue spending so much money when the education wasn’t doing her as much good as she’d hoped. Now she’s happy with broader horizons and a lower tab, which means smaller loans. Live and learn!
General question regarding college tuition:
Credit is now extremely tight- school loans could become a rarity.
College savings are taking a massive hit especially if invested in equities, even low risk equities.
Families are already having a very difficult time trying to deal with $20k/year per student for undergrad tuition and expenses.
College costs have soured much faster than inflation.
Any projections that our liberal elitists in the world of academia will be forced to significantly drop their rates? Or, will the natural laws of economics, which they supposedly teach, not apply to them?
Central State, Youngstown State.
Why is no one investigating the predatory practices of universities.
i graduated from high skool with a farm friend who went to antioch.
he graduated, came home, his father died, he took over the farm,
and went broke!
He was waiting for the Politburo to order the Agricultural Central Committee to release the crop quota.
lol!
Me and my friends were discussing our college and how they have gone on a spending spree, making new dorms and a new sports center (we didn’t need either) while not working on keeping freshman in (we have a huge drop out rate). We said it was like the housing bubble. In two years, they may have the housing done, but they may not have the people to live in it. I’m really sad about that, and I’m going to try to change it, but I feel it may be to little to late.
Antioch is the worst of the PC leftist lunatic schools in Ohio.
Let it sink.
In fact, I’d like to see the conservative alumni of all colleges in America shut up their checkbooks until all these leftist professors are fired.
This trend is both healthy and inevitable.
There are simply TOO MANY colleges and Universities. To think that any institution is immune from the laws of economics is an exercize in fantasy.
For far too long College and University Presidents were encouraged to think that their budgets were immune because of the endless Federal cornucopia.
We are entering into a new era of realism with regard to the value and purpose of a College education. As Charles Murray recently pointed out in an op ed in the WSJ many functions currently served by horrendously wasteful 4 year degree programs could be better served by universal certification regimes.
The new era will see the humble community college rise to a previously unimagined preeminence. They are cost-effective and focused.
The value of a non-technical degree from most 4 year degree institutions has become apparent many years ago for most employers. It makes little sense to pay semi-innumerate and semi-illiterate 4 year grads more than others merely because an inflated pedigree. This reality is finally filtering its way to the supply-side.
Who wants to hire an english major with a minor in Marxist-Feminist dialectics who can’t add?
Maybe these universities might try getting rid of professors like Ayers and the 3,000 that supported him and try actually teaching and supporting America. Maybe Americans might be more willing to pay for their kids attending. Getting rid of the 3,001 I mentioned would save money and help lower costs!
Don't laugh... it would happen.
I'm afraid to ask where you went to school. I take it English was not your major.
“Environmental Archeology”
Lots of demand for that.
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