Observations
Some things to consider: · Traditional residential campuses face overwhelming deferred maintenance, to the point that the challenge may be literally insurmountable for many institutions. · Competing for students has produced enormous institutional debt, in order to have state-of-the-art residence halls, fitness centers, and student centers. The cost of technology and technical support are a challenge everywhere. Many institutions spend millions of dollars per year on athletic programs, with highly questionable return on that investment. · Marketing/recruiting costs grow higher, as institutions attempt to draw prospective students away from competitors. In other words, institutions are fighting to maintain class size, in the face of a declining 18-year-old demographic. Private nonprofits continue to increase the level of discounting, in order to fill classes. · ...