CoxMustangFan wrote:Collegiate funding cuts in the coming years will be unlike anything we've ever seen.
EVERYTHING will get much tighter. unsustainable university cost structures are going to get waylaid. TV and other revenue will shrink. Its going to be bumpy. Schools like SMU with big endowments and donors who are willing to pony up are going to rise to the top
I can only speak about my field (Latin American/US Southwest Studies). UT is considered to have the best program in the nation with regards to that, above Yale, Stanford, and Harvard. However, tenured professors who are retiring or passing away are no longer being replaced. They are lacking the funds to do so. Moreover, many of the professors in that program are looking at private universities for stability. Some of these professors are looking at SMU as their state-funded programs are being axed. Within the next 10-15 years I wouldn't be surprised if the SMUs of academia (and sports really), get a substantial boost in rankings.
Dutch wrote:Combined with exponentially increasing tuition, student loans being the next bubble to burst, the value of college degree is about to go through the roof bc no one will be able to afford it and won't be able to get loans for it either.
Ok this is getting ridiculous...I agree with Dutch on THIS ONE POST by him totallyl
CoxMustangFan wrote: 1) Fed grants and state aid will dry up. 2) Support for federally guaranteed loans will dry up. 3) Student bankruptcy rates will go through the roof. 4) Schools will lose the ability to issue Federal guaranteed aid. 5) Schools cut budgets in all non-core areas -- especially sports. 6) Schools close.
I've mentioned that schools like some nameless local ones won’t be around in 15 years. I know it's hard to imagine, but it's coming.
Point #3 - Bankruptcy will not remove Student Loan obligations. Student loans cannot be dismissed through bankruptcy. The loans with or without a BK can be adjusted to fit the current financial situation of the former student. Years ago, students were graduating from college and immediately declaring bankruptcy. The BK left the credit report after 7 years and most people cannot afford a house before then (due to their student loans). They would get their student loans dismissed by the court ($100,000 in debt and $0 in income). Now the court cannot dismiss the debt.
Trivia question: What students (field of study) led the way in declaring BK after graduation? Hint: Hang all of the __________!
On the positive side, I just received confirmation that my last loan from Grad school is paid in full
CoxMustangFan wrote:Collegiate funding cuts in the coming years will be unlike anything we've ever seen.
EVERYTHING will get much tighter. unsustainable university cost structures are going to get waylaid. TV and other revenue will shrink. Its going to be bumpy. Schools like SMU with big endowments and donors who are willing to pony up are going to rise to the top
I can only speak about my field (Latin American/US Southwest Studies). UT is considered to have the best program in the nation with regards to that, above Yale, Stanford, and Harvard. However, tenured professors who are retiring or passing away are no longer being replaced. They are lacking the funds to do so. Moreover, many of the professors in that program are looking at private universities for stability. Some of these professors are looking at SMU as their state-funded programs are being axed. Within the next 10-15 years I wouldn't be surprised if the SMUs of academia (and sports really), get a substantial boost in rankings.
In a worst case scenario, I can imagine the state raiding the PUF (yes, impossible as the world sits now). I remember a post from an Aggie on Texags saying private schools like SMU shouldn't exist, mainly bc of their cost...idiot forgets his school is incredibly subsidized. Let's see how relevant A&M is and how good their research is when those subsidies get slashed.
demographics will soon be another current going the wrong way hurting schools (especially if xenophobia catches fire and we really shut off legal and illegal immigration - be careful what you ask for)
Last edited by Alaric on Thu Oct 13, 2011 9:08 am, edited 1 time in total.
Dutch wrote:Combined with exponentially increasing tuition, student loans being the next bubble to burst, the value of college degree is about to go through the roof bc no one will be able to afford it and won't be able to get loans for it either.
Is it incredibly wrong of me to find pleasure in this?
Not when I have four kids to put through college in the next twenty years.
I understand the Occupy Wall Street group has focused, and is forming a political movement called "The Flea Party". Wonder if they'll squat a site on the 'Vard this Saturday.
Dutch wrote:Combined with exponentially increasing tuition, student loans being the next bubble to burst, the value of college degree is about to go through the roof bc no one will be able to afford it and won't be able to get loans for it either.
Student loans and pensions funds will be the next two bubbles. Is there any way to hedge against those to make some money??
you could short Apollo Group (APOL). they own, through subs, UofPhoenix, and a bunch of others. when there are no student loans, there is no UoPhx.
they don't have recruiters, they have salespeople.
Ok this is getting ridiculous...I agree with Dutch on THIS ONE POST by him totally
smustatesmen wrote:I understand the Occupy Wall Street group has focused, and is forming a political movement called "The Flea Party". Wonder if they'll squat a site on the 'Vard this Saturday.
