The high fixed costs and low variable costs do indeed

The high fixed costs and low variable costs do indeed
by Raoul (2024-04-16 13:22:33)

In reply to: It's also revenue diversification plus enrollment declines posted by Queensman

mean pricing will continue to come under pressure for all but the strongest. For most privates and most students headline tuition is meaningless. Like airlines advertising the most expensive seat on the plane for any given trip.

The whole thing is a horrible conundrum and leaders who try to be proactive get incredible pushback - at least right now.

The whole education system would be better off with 500-1,000 fewer universities and for state schools to do a better job of dividing up their areas of programmatic focus and if possible consolidating administrative oversight. Not sure it can be done fast enough hence we face a Chinese water torture future among those with traditional models. But that is what is needed. But schools die very slowly and rarely with proactive leadership as with Cabrini. I salute them for doing it right, as painful as it is.

Replies:

I've likened it to the print media industry in late 90's - Queensman 2024-04-16 14:15:48
- I chuckled at "people will always want their paper" - Raoul 2024-04-16 15:08:39