Oso planning to go pro
The same people that do now. One can be both privileged and part of a minority. But please, do bring your victimhood to every thread.
MSU's applications grew from 2018 to 2019 because the school for the first time accepted applications through a system that allows students to apply to multiple schools at the same time.Applications dropped significantly from 2017 to 2018, as ESPN accurately reported, citing data provided by MSU.And again, someone blames "the media" for being unable to read and/or accurately describe the stories he links here.
You guys realize this was a whopping 2.5% reduction, right? And while it's true that some of the modeling projections made a few years back were too optimistic, Marquette continues to believe (and I agree with) the notion that as a university you can't 'cost contain' yourself to success, especially in key academic programs. That said, there is no doubt that the recent tuition increases aren't sustainable and folks like the 3rd assistant to the Hope and Spirituality Chair aren't necessary. My view has always been that universities have gone crazy with administration positions. Some of the reorganization described seems to recognize that. It's also interesting to note that Marquette's discounting had lagged its main competition pretty significantly over the last decade plus primarily because of endowment limitations. But it's a shrinking candidate pool out there and that reality needs to be managed. Anyway, that's my take.
Good take.I am more concerned at the moment with the drop in endowment YOY. I assume due to the absorption of these capital costs?
Know matta how dis 2.5% reduction is spun, Pa, it ain't a good thin', hey?
Another thought ... Disco suggests MU needs to find more students who can pay full price (like at ND), which would then allow more financial flexibility to recruit less privileged students. That sounds great, but I';m not sure MU has the academic reputation/standing to do that. Parents are willing to pay full boat at Notre Dame because it's Notre Dame. But I'm not sure nearly as many parents will pay full boat for Marquette when, say, a Loyola, Chicago or Miami of Ohio is offering $15-20K in financial assistance.
What’s your endowment source? This says it went up 7.9% most recently reported. Maybe you have FY 2019, but from July to July that was a rocky ride for the market. https://www.marquette.edu/endowment/endowment-performance.shtml
Really? Healthy businesses do it all the time. You figure out what might have been a decent idea that didn't work and cut it. Way better then letting it be a permanent drag.
This is a really interesting and I;m by no means an expert on any of this.But I do have a question specific to Dr. B's exhortation that MU return to its roots of serving first-generation and less privileged students. (Maybe "return to its roots" isn't the correct phrase, as I'm not sure they really left it. How about "refocus?")Anyhow, I'm wondering whether by doing, Marquette would be actively shrinking its application pool rather than expanding it. We already know that there will be fewer college-age students out there due to declining birth rates. We also know that as more and more people out there attain college degrees (34 percent of the population today, compared to 22 percent in 1970 and 28 percent in 1990), there will be fewer first-generation students out there.So, is focusing on a shrinking subset of a shrinking population a sensible decision?I don't know the answer, and perhaps I'm reading the situation all wrong, but it's what comes to mind when we talk about this.Another thought ... Disco suggests MU needs to find more students who can pay full price (like at ND), which would then allow more financial flexibility to recruit less privileged students. That sounds great, but I';m not sure MU has the academic reputation/standing to do that. Parents are willing to pay full boat at Notre Dame because it's Notre Dame. But I'm not sure nearly as many parents will pay full boat for Marquette when, say, a Loyola, Chicago or Miami of Ohio is offering $15-20K in financial assistance.
If we look at it from a business perspective (I will put my institutional bias sentiment aside), how does MU approach this? First, all schools will have a supply issue as enrollments (and revenues) will drop most everywhere, heating up competition, leaving assets underutilized.How to solve:>>Go more elite and have a lot less students, but at full revenue. This will involve cutting operating costs by at least 25% on these underutilized assets and resources. Merge with smaller Catholic and private schools for operational efficiencies.>>Go less elite, lower admissions standards, attract more first generation families which will dominate, let in a lot more international students, develop a much stronger business certification and incubator programs, bundle under and post grad degrees, Be the Difference.Let’s get real, though. ND, Nova, Georgetown, BC will all have the same problem. Those MU kids who were waitlisted at those schools now can attend there. And that is where they will be going as MU isn’t as elite enough nor does it have the money to get there quickly. In fact, mathematically, as MU will now lose these kids, MU’s scores will go down organically as these academically elite kids will have a lot more attractive options.That leaves option 2. Ideas are welcome. Just know demographically, that by 2029, MU will be over 50% what is termed minority today in its composition. That is the math Lovell sees.
By 2029....i’ll take that wager if one is offered.
My fault...found it and it was 2016 when it went down from year prior. I made error in date.
You are on. Easy money. You can contribute to my Alzheimer’s fund by then.You do know it is now 27% at MU in 2019, right?
Scotty left the cupboard bare.
Yes, aware the incoming class is 27%. Now to be clear, you are saying by 2029 the incoming class will be more than 50% non Caucasian? You are not saying the entire enrollment. Either way I take the bet, but the latter is even harder for you to overcome so I wanted to make sure we are in agreement.
As stated before, Marquette is "middle of the road" and there is nothing fundamentally wrong with that. Apparently, Dr. Lovell realizes and is being proactive to position MU for the future.
TAMUI do know, Newsie is right on you knowing ball.
Besides Berkeley, UCLA, NYU, etc., then there is private Stanford. They are there today and thrive.How about smaller private schools: St. Leo's, St. Peter's, SJU, Santa Clara, San Francisco, St. Mary's, University of the Pacific. All successes. All adapted. Some have a composition of less than 30% White. Why did they succeed? Their demographics changed a long time ago and so did they. Lots to be learned there...so the future isn't so scary.The biases need to be put to the side.