Notice they say Eligible faculty and academic staff and university staff would get a one-time payment equaling 50%. Where is the administrative staff getting laid off.
The job market's message to universities, though long delayed, is starting to arrive.https://eu.jsonline.com/story/news/education/2020/03/04/uwm-offer-second-round-employee-buyouts-since-2015/4953257002/ …
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Do you see this happening to all colleges or are the Ivy's safe (credential + network)?
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It will harm all colleges to a degree. The worst half (so said Christensen) will close. But there will be some amount of pressure all the way to the top, as promising students realize they have other options.
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Curious about your thoughts on where higher education is or should be heading?
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...if you skip the half of the article about state budget cuts.
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Will be interesting to see what path young people take instead? Start businesses? So blue collar work, I’m excited to see how the world changes with less college enrollment
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Hard to say b/c this data is unreliable. Part of student debt crisis is kids having to use financial aid to live due to wages. I see people using it to pay rent/mortgages and have to stay in college in order to avoid repayment.
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They need to work on their unit economics and reduce their bloat.
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