The dollar amounts are high enough to motivate a lawyer, even on a single case. You can trivially find thousands of plaintiffs who have substantially identical facts. The facts are *extremely* favorable to them. The colleges have deep pockets but in many cases not deep enough.
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I think people don't appreciate, when they hear about e.g. Harvard with the $X0 billion endowment, that most universities *don't have endowments*. There is *no equity layer to take losses.* They commit to paying a dollar every year for 30 years; they take in a dollar a year.
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Maturity transformation is a dangerous business to be in, regardless of whether you do share buybacks or not, and many more organizations are engaged in it than believe they are.
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Lecturers salary is surely COGS, isn't it?
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You could put it in there but they're mostly contractually obligated to pay it w/o regards to utilization so makes more sense as OPEX to me.
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Quite happy to be seeing this. I wasn't sure if the scam would finish in my lifetime. Perhaps it's the beginning
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Am I odd for *preferring* the online course experience? My community college offers courses online, they are inexpensive, and I set my own schedule to get work done by the deadlines given. It's far more adult than the dorm experience ever was.
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It feels inevitable that we’ll see some bailouts + the US reversing decades of declining federal funding in higher ed
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It’s entirely possible given the sense that there’s an open season on bailouts but Trump strikes me as anti-university so who knows
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I've been predicting a bubble in HigherEd for years. The mid & lower tier schools don't have room to make up declining admissions. If you're taking 80%+ of applications, what happens if apps drop by 50%? A huge % of schools have lower intake, lower rev, in a big pinch.
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This isn't that, but it's almost the inverse process leading to the same result. Spent all the money, but a % of it may come back. Or they don't refund, and causes future semester students to not come to the school (creating the above problem).
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