Accounting and Finance Week in Higher Education
Your weekly report on campus news.
We’re already beginning to see the financial impact the Coronavirus crisis is having on higher ed.
- Colleges and Universities Already Panicking About Finances Over Shutdowns
- Loss of Tuition from Foreign Students is Hitting Universities Hard
- Even a Small Reduction in Enrollment Due to Coronavirus Will Devastate Some Schools
This is going to be an expensive situation.
- Amherst College Claims Coronavirus Shutdown Could Cost Them $10 Million Dollars
- Coronavirus Shutdown Could Cost U. Minnesota Upwards of $300 Million
More cuts and closures are coming.
- San Francisco Art Institute Expected to Close After Spring 2020 Semester
- Boston University Lays Off 1,600 People Due to Coronavirus Crisis
Focusing on the important issues.
- UC Davis Student Newspaper Declares Criticism of the Chinese Communist Party is Racist
- Michigan State University Says ‘Novel Coronavirus’ is the Only Acceptable Term to Use
- “Coronavirus pandemic has been a gift for the grievance studies industry”
Really?
Absolutely false.
Ok then…
Oh, please.
How creative!
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Comments
Good! A reckoning was certainly in order.
I wonder if they give advanced courses in dishwasher repair? Floor sweeping? Working without whining? Eating rock soup? All helpful classes if you’re intent is to be poor for the rest of your life. Life’s lesson: snowflakes melt in the heat.
Don’t knock dishwasher repair. Our Bosch burned out its heating element relay, and they quoted $700 to repair it. I bought the relay and soldered it into the board for a cost of $8. So a repairman could make nearly $700 for half a day’s work.
Nor auto mechanics, because the last time I had to have any auto work more than an oil change back in February of 2016, my AAA certified garage was charging customers $90 an hour for the mechanics time. So they must be charging well over $100 to the customer for their mechanics time now.
Let’em sink or swim, each on their own merits.
Be cautious, especially when the Accounting Offices and Creative Writing Departments share space. Tenure rules!
Sounds like “Free College” is more than a D’Rat campaign slogan. It will become a reality, but not as the D’Rats wished, but through the vehicle of free or low-cost online education. And I doubt students will be willing to take online courses that consist of interminable left-wing lectures of nutty professors. The students won’t have to look for safe spaces either or pay “activity fees” to communist front groups.
This trend is going to bring about the death of a lot of the small, fringe colleges. Why sign up for some small school in the woods when you’re never going to see the campus, or meet the people there? If you’re doing online edu, then might as well sign up for Big State U. for the name recognition. And if you’re Big State U., why limit admissions? If 100,000 students want to take your online courses, why not? Don’t have to worry about housing anymore, or any of that other stuff.
This should consolidate everything to a great deal.
The topic that nobody is talking about, with all these states losing revenue, there will be bloody infighting when it comes to funding state colleges. The schools will be fighting the legislatures. governors and each other for a very small pie.
This is of course after the states fight the feds to replace the lost funds.
The only way state county city and other local governments can survive is to externalize the cost of all education. This is 100% doable because of all the new technology that’s been in place for 20 years or more now.
Always remember it was education that started the Economy Shutdown.