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Originally posted by Unregistered View PostStanford, Yale, Dartmouth, Brown and Harvard all raised undergraduate tuition for the 2020-2021 academic year, even though classes are being taught largely online.* All these schools have huge endowments and other revenue streams like selling research so none are reliant on tuition; it’s just that they don’t care about students or families. They see an insatiable demand and they want to exploit it. It’s that simple.
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Unregistered
Since they have never cured the common cold or the flu this virus will be around forever ,time to move on with that reality in mind.
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Originally posted by Unregistered View PostNot all schools have the cache of those above nor an endless supply of price insensitive parents. Some are using price freezes as a marketing tool, but then they jack up other fees and slash staff and faculty. They don't have the deep pockets, don't have big endowments. All are pushing for all in-person, back to normal in the fall, which should be achievable. Some may never recover the covid financial hit
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Originally posted by Unregistered View PostVery few took a real financial hit. Most took PPP loans or refinanced bonds with the lower interest rates. Even the non-profit colleges that couldn’t take PPP are now included in law changes for the 2nd round. The fact is the only people hurt financially are the 30-40 million unemployed or underemployed and those who lost breadwinners to Covid. The schools will be fine; it’s the students and families, especially those in the bottom 50%, that are hurting.
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