Kolek planning to go pro
Colleges and universities usually just close. I don't know if the corporation officially goes into bankruptcy as part of that process.
You should probably divorce "Rule of Thumb" from your vocabulary.
I don't use the term, but..https://www.baltimoresun.com/news/bs-xpm-1998-04-17-1998107056-story.html
Marquette is different than some of those organizations. If a Catholic high school or something similar closes, the assets revert to the founding order, and if the order dissolves or no longer exists, the Catholic church. Marquette's do not. It is actually an indepdent University who affiliates with the Catholic Church. The founding order also holds no "reserve powers." It is completely self-governing. And according to its Articles of Incorporation, if it is dissovled, the assets go to a 501(c)(3) charity that the BOT determines.And Marquette is nowhere near closing, dissolving or the like.
The vast majority of schools are dealing with this primarily through cuts in personnel expenses. Furloughs, temporary pay cuts, unfilled positions, etc. It the largest expense a college or university has so it's the one that needs to be targetted first.
O.K., what should I say to be "politically" or etymologically correct? Thank you.
Xavier apparently has record enrollment for this upcoming fall semester. My daughter got an email this week offering tuition & dining compensation for volunteers in 2 dorms that are Freshman/Sophomore for the Sophomores to move off campus locations to make room for Freshman. My daughter is not slated to be in either dorm, but is pursuing with her group of friends regardless for the incentives.
Because their marketing in this region is far superior. Wish I could say I was surprised but they put far more resources into this region than MU does. Marquette is still probably a slightly better brand name overall in the U.S. but X surpassed MU in popularity in the Northeast 15 years ago. It's not because CinCin is marginally closer than MKE, the difference is not significant. It's marketing plain and simple. MU's endowment, while not impressive at $698M still dwarfs X's at $169M. Inexcusable. Found an interesting article that confirms MUFANinCT's claim below:https://www.cincinnati.com/story/news/2020/04/26/xavier-university-pace-meet-enrollment-goals-despite-pandemic/3010696001/Smart Strategy
It might be a sound strategy. This paragraph shows that they had to pay a lot to get those students:
We also had to pay a lot to get the students we got, and still didn’t meet our targets, yeah?
X was in the A10 and was actively recruiting students in the NE side joining in 1995 and has a nicer campus. That said, MU should have a stronger presence. MU is a better school and has been for a long time. From personal experience, my dad wouldn’t let me apply to X as I had already applied to MU and MU was a harder school to be admitted to.
https://marquettewire.org/4040207/projects-tribune/professors-disheartened-by-potential-layoffs/How bad are Marquette's issues?In 2018, they bragged about their largest first year class since they started keeping records in 1960. 2,162 students. Two years later, they enrolled their smallest first year class in over 20 years: 1,647 students. That is a decline of 23.8%.You are going to read a lot about COVID and demographics being the reasons behind this. But other schools aren't suffering through decreases of this size. And the big demographic changes aren't even set to hit until the mid 20s.So a bunch of people are going to lose their jobs over this. The University has no choice. But are any of these people on the chopping block? What a mess.https://www.marquette.edu/leadership/documents/ulc-org-chart.pdfCome on Trustees! Start asking questions!
I don't know what you think that conversation will go like, but it would be something like this:Trustees: What happened here!?!?!Rest of functional world: Well, a global pandemic.Trustee: Oh yeah, that's right.
I don’t doubt that the declining enrollment at Marquette is more than just Covid. That said, it would be interesting to see the two-year decreases at comparable universities, to gauge the magnitude of the problem.
I'm not sure that would be an accurate excuse. Some MU peer Universities changed tactics to remedy any shortfalls in enrollment. Several of those Universities either hit or exceeded targets despite COVID.