Are Hokies Safe?
Some schools (B Southern in Bama and U of Arts in Philly) are already closed. Some good schools such as RPI have had bad reports. Lynchburg C (or U-?) has cut some teaching positions. Plumbers and electricians appear to be making good $$.
41 Replies
2y
in 10-15 years, there will only be enough kids of college age to sustain about 2900 of those schools at their current enrollment. That is why the small private colleges are in a fight for their life. Most have added a lot of debt to outclass the competition with fancy dorms, fancy foods, sports teams, all while getting top heavy with administrators and cutting their course offerings, mostly in liberal arts.
VT will be fine. Schools like Ferrum, Bridgewater, E&H, Concord will struggle to keep the doors open.
(In response to this post by battmanvt)
H
HWA
2y
By 2019, down to 16.6M undergrads.
"All of which made states like Pennsylvania a kind of canary in the demographic coal mine. In the 2010-11 academic year, Ship enrolled 8,326 students. Last year, the count was down to 5,668."
(In response to this post by Victor Tango)
2y
than those that maintain or increase in value tend to be lower.
The same should be the case for college majors.
Oh you want to study the piccolo for a decade; 40% interest rate. Wine tasting: 30%
Engineering, business, medical, etc, majors with high potential earners: 3%.
Create taxpayers and get your money out of the fools while you can.
(In response to this post by battmanvt)
2y
the everyone gets a loan deal to study whatever you want- is total govt - well intentioned- nonsense - because there has to be some restrictions on it- other than you are gonna get rich and be able pay it back
(In response to this post by hokiehunter07)
M
mvick
2y
In fact, Virginia Tech's (and other similar schools) expansion is some of the reason smaller schools are having issues. Why pay $30k for a small liberal arts college when you can pay $20 for Virginia tech?
(In response to this post by battmanvt)
2y
For far cheaper than he could attend VT.
(In response to this post by mvick)
2y
be spending money on college in meaningless majors.
(In response to this post by mvick)
E
EDGEMAN
2y
...Just don't give loans for students in majors that the school has a <50% placement rate. If you study art history, and only one person from that school will get a job in the field, then everyone has to pay their own way.
Schools should also have different prices for different majors based on starting salaries. If you are an engineer, your price would be higher than someone studying to be a teacher. At the end of your time, your student load debt should not exceed 4 years of your salary starting out in the business.
But that would require schools to reduces their staff significantly. That's where a massive amount of "bloat" resides in the cost of higher education.
(In response to this post by ModerateHokie)
M
mvick
2y
that folds up.
rather, it will be Mary Baldwin, Bridgewater, Lynchburg College, Averett, etc...
Of course, people with Duke law degrees will be the first to fail.
(In response to this post by ModerateHokie)
V
Va AandM
2y
(In response to this post by battmanvt)
M
mvick
2y
Differences:
RPI is private, VT is public.
RPI has around 6k undergrad students. VT has 29k
RPI has an endowment of 800 million. VT has and endowment of 1.7 billion.
Similarities:
Both are have highly respected engineering programs.
Both are similarly ranked.
I'm not sure what negative reports you've seen on RPI, but its not going anywhere either. It is a highly respected national university well suited to train students to meet the needs of the future.
(In response to this post by battmanvt)
2y
(In response to this post by mvick)
2y
âĻYouâve just taken a heavy drug. Relax, stay inside and listen to some music, Okay? Do you have any Allman Brothers?
(In response to this post by vthhhi)
2y
is happening and start spending money more wisely because I don't see this trend changing.
(In response to this post by battmanvt)
2y
(In response to this post by ModerateHokie)
oh it's better than that
1. Let 18 year olds borrow a lot of money for questionable ROI
2. Turn them into socialist by the time they are 25 as they will be bitter due to their debt
3. Then randomly cancel the debt of some of them, in an election year to buy their vote
4. Print more money to pay off these loans, and decrease the purchasing power of everyone else
5. Oh, and NEVER make the schools accountable
Hope I didn't miss anything
** Edited by MrBayAreaHokie at 6/12/2024, 3:31:34 PM
(In response to this post by bigbadbird)
2y
were responsible if students defaulted on student loans, they would pick and choose who gets loans a lot more closesly. I think this woudl solve a lot of the issues right now. It would also make college much less attainable. So the pendulum would be swinging in the opposite direction.
(In response to this post by MrBayAreaHokie)
They don't have anywhere near that kind of money
Your bank doesn't have enough money to lend you the money for a mortgage either, which is why Fannie Mae exists.
I am one of maybe 5 people who created the student loan refinance industry btw, so I know a lot about lending and how this all works.
The problem is that these loans even exist. School should be $5k a year. By creating these loans, you inflate the money supply available and thus the prices soar. Just like housing. In Mexico you can't get a mortgage and while their incomes are half what they are in the US, their housing prices are more like 1/5th.
The loans simply shouldn't exist for education.
** Edited by MrBayAreaHokie at 6/12/2024, 4:08:24 PM
(In response to this post by ElbertoHokie)
2y
like where are people gonna tailgate 6 times a year
** Edited by bigbadbird at 6/12/2024, 2:51:21 PM
(In response to this post by MrBayAreaHokie)
2y
Time to drop another $50 million on a new dining hall!
(In response to this post by ModerateHokie)
Look, I'm not saying it's frugal spending, but
I'm not mad about them using more and more rock around campus đ
(In response to this post by HokieNoVA)