Viewing a single comment thread. View all comments

IamSauerKraut t1_ix89vdn wrote

Reply to comment by Unique-Public-8594 in The college-age population is about to crash. It will change higher education forever (Article with a focus on PA). by Sovereign2142

If it causes a decline in tuition costs and the disappearance of predatory loan schemes then it is not a bad thing.

26

Metaheavymetal t1_ix8ctdh wrote

>decline in tuition costs

Ahahhahaa, oh man, hahahaha

If the application rate drops by 20% expect the tuition rate to increase by 30% the next year, if you are lucky.

ETA: Also, once the bubble really bursts, expect a coupe trillion dollara of tax payer money going to bail out the ivy league schools because Harvard is too big to fail. But at the same time, do not expect your tax dollars to lay for your own tuition, thats socialism.

25

axeville t1_ix8fz22 wrote

Harvard endowment is the size of a Latin American country gnp they don't need tuition to keep the lights on. But others are a fraction of that size and are dependent heavily on parents cash flow.

16

IamSauerKraut t1_ix8hmag wrote

I'm more worried about the PSSHE schools. Yanno, the places the regular kids go to.

11

Unique-Public-8594 t1_ix8ells wrote

Applications might decrease. That just means they would accept (for example) 25% of applicants instead of 5%. Enrollment would stay the same.

4

Tina_Las_Vegas t1_ix9hohv wrote

This will never impact an Ivy League school. They all have MASSIVE endowments and will continue to because their wealthy Alumni base will continue to donate and foot the bill. This is a major issue for small state schools though because their alumni don’t have the extra cash to donate back.

2