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ConradBastable's profile
Conrad Bastable
Conrad Bastable
Conrad Bastable
@ConradBastable

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Conrad Bastable

@ConradBastable

Black and white and read all over. Before: @Dropbox @jpmorgan @MIT @phillipsacademy @Greshams_School

San Francisco, CA
conradbastable.com
Joined January 2014

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    1. Alexey Guzey‏ @alexeyguzey Jan 8

      Alexey Guzey Retweeted Conrad Bastable

      1/ This is an amazing essay Thread with highlights:https://twitter.com/ConradBastable/status/1079490520227950592 …

      Alexey Guzey added,

      Conrad Bastable @ConradBastable
      Cost Disease in Education partially a result of intentionally-limited supply in order to keep Investment Returns tax free. Endowment Profits already far more important than Tuition revenues... https://www.conradbastable.com/essays/the-uncharity-of-college-the-big-business-nobody-understands …
      1 reply 3 retweets 4 likes
      Show this thread
    2. Alexey Guzey‏ @alexeyguzey Jan 8

      2/ "Education therefore exists at the intersection of increased productivity driving up overall costs — Vanilla Cost Disease — with massively increased competition in an ever-growing applicant pool for a fixed number of spots. My claim is that this is a feature, not a bug."pic.twitter.com/d9SQkkiHKh

      1 reply 0 retweets 0 likes
      Show this thread
    3. Alexey Guzey‏ @alexeyguzey Jan 8

      3/ "Don’t think Yale didn’t accept 20% of applicants in 1995, UChicago didn’t accept 77% of applicants in 1993, or that the Harvard Class of 1988 didn’t admit more kids than the Class of 2022 just did. Because all those things are true."pic.twitter.com/DzgpFHRbtV

      1 reply 1 retweet 0 likes
      Show this thread
    4. Alexey Guzey‏ @alexeyguzey Jan 8

      4/ "To prevent a bidding war, with colleges "buying" the best students with big aid packages, some institutions share information about their applicants, agreeing to limit their offers to the students' financial need."pic.twitter.com/u4YjjHT1yS

      1 reply 0 retweets 0 likes
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    5. Alexey Guzey‏ @alexeyguzey Jan 8

      5/ 🔥 "Interesting note: the percentage of students who receive “financial aid” has not changed in the last 25 years. How perfect is that? The cost of MIT has gone up $32,520, but the number of kids in “financial need” has stayed the same!" 🔥pic.twitter.com/5Yq5V4vqvx

      1 reply 1 retweet 1 like
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    6. Alexey Guzey‏ @alexeyguzey Jan 8

      6/ tuition is only 10% of MIT's operating revenuepic.twitter.com/nIQPDruqOC

      1 reply 2 retweets 2 likes
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    7. Alexey Guzey‏ @alexeyguzey Jan 8

      7/ "…and you think it’s a coincidence that exactly 58% of students qualify for “financial aid” every year for 25 years in a row? It’s not “aid” when the price is calibrated to maintain unaffordability and necessitate 501(c)(3) Status."pic.twitter.com/o0DC0ke7mH

      1 reply 0 retweets 5 likes
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    8. Alexey Guzey‏ @alexeyguzey Jan 8

      /8 "Tuition is meaningless income to MIT now — a drop in the bucket, just 3.2% of their income comes from undergraduate tuition — but so long as the Tuitions are unaffordable for 58% of undergraduates, the Investment returns on $16.4 billion dollars are tax free."pic.twitter.com/dRfY5xsrmU

      1 reply 1 retweet 5 likes
      Show this thread
      Conrad Bastable‏ @ConradBastable Jan 8
      Replying to @alexeyguzey

      Thanks for sharing all this! Glad you liked the essay!

      5:05 PM - 8 Jan 2019
      • 1 Like
      • Alexey Guzey
      0 replies 0 retweets 1 like

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