Earlier quoted context omitted.
The problem is, if you're going to fall back on that perspective, Real Life (TM) has all those things too, and it will continue to do so, for essentially free. There will be clusters of that sort of thing somewhere, just as there are "retirement communities" and "bedroom communities" and such. Universities certainly aren't bringing anywhere near enough value for their marginal improvement on those matters vs. what wo…
The counterpoint to your argument is that if it is so easy to create those types of communities for much less money than what universities are charging, why hasn't it happened? I would guess that it's a combination of 1. not being as easy as it seems and 2. network effects. Because of the latter, you would basically have to persuade a large number of students to make the switch at the same time for them to feel as if…
Colleges face student lawsuits seeking refunds after coronavirus closures
101–110 of 238 posts
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#102This is just the straw that is popping the college bubble. My Alma mater has 15 administrators who make 2-3x more than the President did when I graduated. The President makes $5 million+. The VP/Dean of HR makes > $1 million. Administrators took a 5% pay cut. Lots of professors are furloughed or laid off. The school did all kinds of shenanigans to hang onto as much tuition/board/food money as they could. Students are…
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#103Earlier quoted context omitted.
Same at a neighboring city. They want to lay off workers due to COVID while they have doubled administrative staff over the last few years. And none of the administrators is going to get laid off. The plan is to have parks being cleaned by unpaid volunteers instead of city staff.
There was a post a day or two ago about how remote work makes it harder for people to value employees except as utilities, whereas if they work closely they value them more. Top administrators are in charge of who gets cut, and they probably interact with other admins the most or rely on them personally for some task, so they are most sensitive to laying them off versus park staff (or faculty) who they don't interact…
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#104This is just the straw that is popping the college bubble. My Alma mater has 15 administrators who make 2-3x more than the President did when I graduated. The President makes $5 million+. The VP/Dean of HR makes > $1 million. Administrators took a 5% pay cut. Lots of professors are furloughed or laid off. The school did all kinds of shenanigans to hang onto as much tuition/board/food money as they could. Students are…
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#105This is just the straw that is popping the college bubble. My Alma mater has 15 administrators who make 2-3x more than the President did when I graduated. The President makes $5 million+. The VP/Dean of HR makes > $1 million. Administrators took a 5% pay cut. Lots of professors are furloughed or laid off. The school did all kinds of shenanigans to hang onto as much tuition/board/food money as they could. Students are…
The highest-paid person we have is the president and they make a little over $200k a year. All admin just too a 20% pay cut and faculty haven't been furloughed at all yet.
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#106This is just the straw that is popping the college bubble. My Alma mater has 15 administrators who make 2-3x more than the President did when I graduated. The President makes $5 million+. The VP/Dean of HR makes > $1 million. Administrators took a 5% pay cut. Lots of professors are furloughed or laid off. The school did all kinds of shenanigans to hang onto as much tuition/board/food money as they could. Students are…
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#107The reason there is such a large premium for on-campus education versus online universities is because on-campus education is an experience as much as it is a service. If you're only interested in mastering the content, then online learning may be the place for you. That's why we see so many people pursuing online courses for their master's degrees and when they return to school later in life. They just want the cont…
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#108Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#109Earlier quoted context omitted.
Ah yes, why won't anyone think of the poor administrators who get paid obnoxious salaries for doing effectively none of the labor that goes into providing an education for the students.
While in general I agree that there are too many administrators at many universities, this type of argument is ineffective without pointing out exactly which administrators. And I find that once you try to do that, no one agrees which administrators should be cut. Do you want to cut the administrators responsible for diversity and inclusion? Or the administrators responsible for tech transfer? Or the Dean of the Coll…
Re: Colleges face student lawsuits seeking refunds after coronavirus closures
#110Earlier quoted context omitted.
Universities are not arguing this. If you read the article, you’ll see that the universities in question have already, voluntarily, given partial refunds to students prior to these lawsuits. The lawsuits are demanding even more refunds while the students still want to collect the remote education. If the Universities were faced with this decision up front, it would have been better for them to furlough all employees…
Georgia tech offers a fantastic online CS masters program for $6.6k (1/6th of the cost of on campus degree). I highly doubt that these universities have offered even close to a 5/6th refund to their students.