Universities started transforming themselves into resorts around 1990. I got to watch a lot of the transformation. That's what loans "buy".
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@St_Rev student borrowing as a % of total revenue almost doubled in 10 years at public state schoolspic.twitter.com/P7AOl5XxPy
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@sarahdoingthing 8% increase doesn't seem that big but % of total revenue may be wrong benchmark. Contribution to gross revenues? -
@sarahdoingthing Suspect there's a multiplier effect--influence on 'discretionary' expansion much bigger? Don't have the macro chops tho. -
@sarahdoingthing Even the change between 80s and 90s was pretty drastic, though. -
@St_Rev yup, I just happened to write this down after being surprised how hard numbers are to find -
@sarahdoingthing Bbe surprised if total revenue wasn't exploding. Hilarious if tuition grows faster than loans, BC loans. -
@sarahdoingthing "The patient's getting worse! Quick, more snake venom!!!" -
@sarahdoingthing Was teaching at a Florida university in early 90s. At one point we had to pay for our own chalk, same time as building boom - 1 more reply
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@St_Rev common practice at Boston U when I went there -
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@St_Rev somehow I picked the short straw and got stashed in a prehistoric wing of a catholic girls' schoolThanks. Twitter will use this to make your timeline better. UndoUndo
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.