Almost Half Of Universities May Be Gone In 5 To 10 Years, Professor Admits - Graybeard Outdoors
 
LinkBack Thread Tools
post #1 of 4 (permalink) Old 06-05-2020, 03:33 PM Thread Starter
Senior Member
 
tdoyka's Avatar
 
Join Date: Sep 2013
Location: windber, pa
Posts: 2,867
Send a message via MSN to tdoyka
Default Almost Half Of Universities May Be Gone In 5 To 10 Years, Professor Admits

https://www.dailywire.com/news/almos...ofessor-admits

Almost Half Of Universities May Be Gone In 5 To 10 Years, Professor Admits
By Hank Berrien

Jun 5th, 2020 DailyWire.com


An NYU professor of business surmises that because of the effects of the coronavirus, anywhere from one-quarter to almost one-half of universities in the nation may go out of business in the next five to ten years. NYU professor Scott Galloway also admitted that foreign students paying full tuition are the “cash cow” for universities and “might decide not to show up.” He commented, “What department stores were to retail, tier-two higher tuition universities are about to become to education and that is they are soon going to become the walking dead.”

Speaking with Hari Sreenivasanon on PBS’ “Amanpour and Co.,” Galloway spoke of the impact of the coronavirus on colleges and universities, forcing them to hold their classes over the internet, and how that may catalyze flight from the universities and the universities’ subsequent downfall. Galloway stated, “Students I think across America along with their families listening in on these Zoom classes are all beginning to wonder what kind of value, or lack thereof, they’re getting for their tuition dollars … There’s generally a recognition or disappointment across America, and I would argue that it’s not that they’re disappointed in the Zoom classes, it’s more the recognition that Zoom has uncovered how disappointing college education is. I think there’s a lot of households saying, ‘This is what we’re paying for?’”

Sreenivasan asked, “What happens when some of these students decide, ‘You know what? This doesn’t really make sense for me to pay this much; I think I’m going to drop out?’ And let’s say they decrease revenues, or they’re decreasing revenues from the dorm fees they’re not getting or the sports teams that might not be having nice lucrative contracts?”

Galloway replied, “Yeah, or going further than that, one of the secrets of higher education is our cash cow is foreign students, and you can see that maybe foreign students decide, because they pay full tuition, they might decide not to show up … It’s a nuanced argument: the elite, truly high-end universities are gonna be fine; the head of Harvard admissions has stated publicly that he could double the size of his freshman class and not sacrifice any quality. So it’s a great time to be on the waiting list of a top-tier university ‘cause you’re probably gonna get a call.”

Speaking of the fact that many students might take a “gap year,” Galloway posited, “There’s gonna be a waterfall; there’s gonna be demand destruction because more people are gonna take gap years, and you’re gonna see increased pressure to lower costs. So just as equity analysts are looking at which companies have cash on balance to survive this shock, you’re gonna see an incredible destruction among companies that have the following factors: a tier-two brand; expensive tuition, and low endowments. There are 4,500 universities in the U.S., you could see a thousand to two thousand go out of business in the next five to ten years. What department stores were to retail, tier-two higher tuition universities are about to become to education and that is they are soon going to become the walking dead.”

“All that was great in the past was ridiculed, condemned, combated, suppressed — only to emerge all the more powerfully, all the more triumphantly from the struggle.”
― Nikola Tesla

https://www.go2gbo.com/forums/custom...tar99498_6.gif
tdoyka is offline  
Sponsored Links
Advertisement
 
post #2 of 4 (permalink) Old 06-05-2020, 03:54 PM
Administrator
 
Graybeard's Avatar
 
Join Date: Nov 2002
Location: The Heart of Dixie-Bama
Posts: 26,017
Gun Cabinet
Default

I actually think that would be a good thing. Might get the country down to about what's really needed.



Bill aka the Graybeard

https://www.gboreloaded.com/forums


I am not a lawyer and do not give legal advice.

JESUS is the way, the truth, and the life anyone who believes in Him will have everlasting life!
Graybeard is offline  
post #3 of 4 (permalink) Old 06-05-2020, 04:02 PM
WLB
Member
 
Join Date: Nov 2002
Posts: 855
Default

I think that would be a good idea also. We don't need college degrees in "gender studies," art history, Elvis movies, and a bunch of other BS they give degrees in and our industries don't want American Tech graduates and even now lobby for radical increases in foreign tech internships.
WLB is online now  
Sponsored Links
Advertisement
 
post #4 of 4 (permalink) Old 06-06-2020, 03:40 PM Thread Starter
Senior Member
 
tdoyka's Avatar
 
Join Date: Sep 2013
Location: windber, pa
Posts: 2,867
Send a message via MSN to tdoyka
Default

what do you mean? i have a 8 year degree in gender studies and basket weaving.....i demand $500,000 a year.

ah sir...maam, whatever you are, you expect me to pay $500,000 a year for a mcdonald's cook? ahhhhhh.....no, **** no!!!! get out of here!!!!!!!!

“All that was great in the past was ridiculed, condemned, combated, suppressed — only to emerge all the more powerfully, all the more triumphantly from the struggle.”
― Nikola Tesla

https://www.go2gbo.com/forums/custom...tar99498_6.gif
tdoyka is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Graybeard Outdoors forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome