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Did people even read the article? Endowment taxes make sense - 1.4% taxes on investment vehicles in the billions just do not make sense. Then the president masquerades enrollment by ignoring the ~4% bump for Sloan (and EECS). Grants / funding though is a different story and worth mentioning/discussing...
Earlier quoted context omitted.
> other research institutions will become the new leaders Or the knowledge just goes away, the talent wasted.
Talent wasted in the US maybe, but plenty of professors across the world are doing equivalent work. To think only the US is capable of doing ground breaking research is extremely foolish and an insult to humanity.
MIT Current Graduate Student are 41% international. https://facts.mit.edu/enrollment-statistics/
Would be nice to see if this number dipped from before. International students typically end up paying out of station tuition and is a huge source of income for the univs.
This is actually good news for society as a whole. There are way too many people who spend time in grad school only to discover that society doesn't have a job for them. Yes, it's not nice for the people who don't get in, but there's been way too much overproduction.
This is actually good news for society as a whole. There are way too many people who spend time in grad school only to discover that society doesn't have a job for them. Yes, it's not nice for the people who don't get in, but there's been way too much overproduction.
Earlier quoted context omitted.
Would be nice to see if this number dipped from before. International students typically end up paying out of station tuition and is a huge source of income for the univs.
But not a factor for private universities
I read this as saying that MIT is becoming less competitive? Means if you just finished your BS, applying to a PhD program at MIT may be a 20% better bet than before, especially with the job market in its current condition…
Good. The US is reaping what it sows, and other research institutions will become the new leaders. Stinks for Americans, but the world will be better off overall.
Not at all, the US is still the world leader in research institutions. And I say this as an European, we’re miles behind really. You have to make a lot more fuck ups for us to catch you.
> MIT: 20% drop in incoming graduate students This is kind of MIT's choice, right? They could change tuition or admission and have 20% more incoming graduate students.