Have lost count of how many schools facing similar situations. Seems the bloat grew during the pandemic with the addition of many deans and administrators with fancy titles and high salaries, but what exactly are they doing to contribute to the educational experience?
From the linked article, many students are not retained, probably realizing getting a useless degree is a waste of money, and they are better served going directly into the workforce or learning a trade.
Drexel University lost about 20% of its enrollment in a little over a decade. The Pennsylvania State System of Higher Education, which oversees the 10 state universities, had a 30% enrollment decline since 2010-11, though it recorded an
increase this year.
Forty-one programs enroll more than 75% of students who get degrees, the NACUBO study found. Meanwhile, 120 programs serve about 10%. Thirty-four programs had no students graduating.
Also, health insurance costs are crushing. In our small business, we were hit with a 30% increase in rates last year, and we are now up for another 26% for the coming year.
