How much longer will Kent be Chancellor?

[oldpinepoint]

Some small schools in the south are closing too.

You are correct, it’s hitting the NE hardest because of the number of colleges and universities.

 

[OrangeinBoston]

From my years in academia, "enrollment management" is nothing new. That is, making offers to make sure you meet your enrollment targets.

That being said, it is a fact that the aging out of the boomers, and hence their college age kids, is reducing the number of potential enrollees country wide. Add to that the declining birth rate which is doing the same..

So, we definitely don't need any immigrants who might increase the college age population. And, we definitely don't need any foreign students who generally pay the full cost of tuition!

 

[jr4750]

Honestly I thought the writer came off as a dick, however sounds like someone in the financial aid office and admissions really screwed up this year. Also $92k for SU is laughable

Agreed. Schools misjudge their enrollment numbers routinely and then look to fill the class. It’s not ideal, but definitely not unheard of. The price of enrollment at SU is definitely a huge obstacle they need to address. 92k is not going to drive people to the university especially in a very competitive and shrinking market.

 

[Bayside44]

Agreed. Schools misjudge their enrollment numbers routinely and then look to fill the class. It’s not ideal, but definitely not unheard of. The price of enrollment at SU is definitely a huge obstacle they need to address. 92k is not going to drive people to the university especially in a very competitive and shrinking market.

It's more like 84K - ish, but yeah that's a big bite.

 

[PAcuse]

PA has been hit by this. A bunch of the state universities where forced to merge to stay afloat and now Penn State is thinking about closing two of it's satellite campuses.

 

[hoopsupstate]

I came across my old bursars bill for SU for my senior year at SU in 1979. Tuition, room and board and fees totaled around $7,800. It seams outrageous that it now costs nearly $90,000, but that’s 45 years ago. It’s actually less than a $2,000 increase a year. If I had to guess, the biggest increases have come in the past twenty years.

 

[Cusefan95]

From my years in academia, "enrollment management" is nothing new. That is, making offers to make sure you meet your enrollment targets.

That being said, it is a fact that the aging out of the boomers, and hence their college age kids, is reducing the number of potential enrollees country wide. Add to that the declining birth rate which is doing the same..

So, we definitely don't need any immigrants who might increase the college age population. And, we definitely don't need any foreign students who generally pay the full cost of tuition!

My three nephews who didn’t go to college all make more - substantially - than all but one of their cousins (who went on to medical school). The biggest issue for colleges is they are no longer the ticket to higher status and income that they were three generations ago - but they are being priced in a way that assumes they are. And fewer people are willing to make that bad investment.

Nothing lasts forever - although people generally think whatever they grew up with will. The issue now is the university system of post-WWII is no longer functional or fixable - we just have no alternative. Yet. I wouldn’t be excited to be working at a school like Syracuse University - the odds it comes out the other side of whatever seismic change we’re just at the leading edge of is low.

More articles like this are going to keep coming out, because Syracuse is trying to figure out how to survive in a changing marketplace when surviving is likely impossible.

 

[Chip]

I came across my old bursars bill for SU for my senior year at SU in 1979. Tuition, room and board and fees totaled around $7,800. It seams outrageous that it now costs nearly $90,000, but that’s 45 years ago. It’s actually less than a $2,000 increase a year. If I had to guess, the biggest increases have come in the past twenty years.

$8,000 in 1979 is worth $35,000 today.

 

[IthacaMatt]

Honestly I thought the writer came off as a dick, however sounds like someone in the financial aid office and admissions really screwed up this year. Also $92k for SU is laughable

I thought the writer reflected the parents' point of view very well. Syracuse screwed the pooch. I can't believe they charge $92K a year now. Are they on crack? Aside from a handful of programs, it's not even in the Top 10 colleges in New York State. The arrogance runs deep on the Hill.

 

[dan7800]

92k is sticker price that they can charge up to. I wonder how many pay 80+. My gut says not a large percentage.

I thought the writer reflected the parents' point of view very well. Syracuse screwed the pooch. I can't believe they charge $92K a year now. Are they on crack? Aside from a handful of programs, it's not even in the Top 10 colleges in New York State. The arrogance runs deep on the Hill.

 

[721Comstock]

92k is sticker price that they can charge up to. I wonder how many pay 80+. My gut says not a large percentage.

Literally only foreign students pay full sticker price.
Which is why Universities LOOOVE foreign students, and court them heavily.

Just about everybody else gets some sort of grant(s) or scholarship(s) to help reduce that top line charge down to a slightly less ridiculous number.

 

[IthacaMatt]

92k is sticker price that they can charge up to. I wonder how many pay 80+. My gut says not a large percentage.

Around 20%, the article said. Many are foreign students, who obviously aren't going to be coming in the same numbers for the foreseeable future.

 

[IthacaMatt]

Literally only foreign students pay full sticker price.
Which is why Universities LOOOVE foreign students, and court them heavily.

Just about everybody else gets some sort of grant(s) or scholarship(s) to help reduce that top line charge down to a slightly less ridiculous number.

Not really true. Most people get $5K, maybe $10K off the list price. That still leaves SU as more expensive than the Ivy League schools.

 

[HtownOrange]

PA has been hit by this. A bunch of the state universities where forced to merge to stay afloat and now Penn State is thinking about closing two of it's satellite campuses.

Ummm, can PA shut down the entire cult? I mean all of PSU campuses?

 

[PAcuse]

Ummm, can PA shut down the entire cult? I mean all of PSU campuses?

Would be nice and then we can put the 242 Million we give them to fix the roads

 

[longtimefan]

Around 20%, the article said. Many are foreign students, who obviously aren't going to be coming in the same numbers for the foreseeable future.

There has been a reversal on "illegal" farm and hospitality workers. The same could happen with international students. But the uncertainty of the situation might keep them away.

 

[PAcuse]

92k is a lot when Princeton and Harvard are less...
MIT is only 60k
Stanford is only 62K
US average for private school is 42k, so I would expect 60-65k for SU

Someone really needs to do a deep dive into the budget to figure out why it's so high to attend SU

 

[IthacaMatt]

92k is a lot when Princeton and Harvard are less...
MIT is only 60k
Stanford is only 62K
US average for private school is 42k, so I would expect 60-65k for SU

Someone really needs to do a deep dive into the budget to figure out why it's so high to attend SU

I believe the Ivy's all set their tuitions the same, at $77K last year IIRC, to live on campus.

 

[hoopsupstate]

92k is a lot when Princeton and Harvard are less...
MIT is only 60k
Stanford is only 62K
US average for private school is 42k, so I would expect 60-65k for SU

Someone really needs to do a deep dive into the budget to figure out why it's so high to attend SU

Ithink you’re showing tuition costs. SU is about 60-65 for tuition.

 

[PAcuse]

Ithink you’re showing tuition costs. SU is about 60-65 for tuition.

yeah I think you are right, my bad lol

 

[GHLF]

Yes it’s a northeast thing. It’s called the enrollment cliff. It’s why you see so many colleges folding. Cazenovia college, st Rose in Albany, Keuka to name a few. I think eventually, a long time from now, it will be rolled into the SUNY system along with ESF and Upstate. It’s currently track is not good

Keuka is alive and well thank you

 

[CNYGuy]

Im going to give an SU sports take on this, as I suspect most of us are sports-first consumers of the university:

It’s always been wild to me that of the insanely high university price tag, that doesn’t include an athletics fee - which a majority of schools have in place. $92k is solely the academics price tag… we couldn’t find a few grand in that $92k for better sports resources?

On a more serious note, I think the price tag has majorly hurt sports like lacrosse. I believe that sport has been around 12 scholarships (which you can break up across the roster). Giving a lax player 50% scholarship is still leaving him with a bigger bill than if you get 10-15% at Virginia or nothing at Maryland.

 

[dan7800]

Remember that university as non profits can only get a profit of I believe 3%. So on a billion dollar budget, they can only make $30 million.

 

[NJCuse97]

Im going to give an SU sports take on this, as I suspect most of us are sports-first consumers of the university:

It’s always been wild to me that of the insanely high university price tag, that doesn’t include an athletics fee - which a majority of schools have in place. $92k is solely the academics price tag… we couldn’t find a few grand in that $92k for better sports resources?

There is an athletics fee. I have documented it in other threads. If I remember I believe it is something like $2500/student. 20,000 students. That’s over 50% of the approximately $80m AD budget.

 

[CuseTroop]

Keuka is alive and well thank you

And home to the 2025 mens lacrosse state champions!