Limestone U (Gaffney SC) might shutter due to financial issues

School needs $6,000,000 or else.

They are trying to stay open as an online only institution. Athletics are over with though. Every current player in every sport is looking to transfer.

Sucks for those kids. It’s already started:

https://x.com/IAmShonBrown/status/1912586575843643732?t=HsDCthonuYiClgiosEq3NQ&s=19

One of many over the coming decade I suspect.

I don’t know how the small privates make it work as it is now.

The Catholic privates probably better positioned due to Catholic Church money, but the others are going to struggle, especially with the DOE possibly going away. 60% of the DOE’s expenditures are for high ed. Mostly in Pell grants and other financial aid.

We worry about D1 athletics, but I suspect D3 and D2 are going to struggle mightily. Agree with you. A bunch are going to go under.

https://x.com/josephperson/status/1912613533268996363

clt says we need to cut many unc system schools.

will never happen tho

This was their costs before and after aid.

Average cost after aid

$22,047

Aid includes grants and scholarships from the institution, state, and federal government

Average cost before aid

$41,759

Simply not worth it.

Small high cost privates without elite or very high quality instruction simply don’t offer much in today’s ultra high cost world.

Why would you pay that when you can go to community college for 2 years and get just as good instruction at a fraction of the cost, then transfer if you want to get a 4 year degree.

Online only? Just shut it down. Online sucks ass. A class or two hear and there I can roll with it but a complete degree on line I find to be unconvincing.

I wish I could shake all the people I know who are going to for profit online schools and tell them they are messing up. For profit online degrees are basically less than worthless in the job market.

Apologies to those who have loved ones going that route. But it’s a mistake.

When I see resumes with for profit online schools I basically mark that as something that has to be overcome by the candidates other qualities.

So many people are being taken for a ride by those companies (won’t call them schools).

Go to community college and then the closest/best state university you can get into. Schools that actually hold in person classes. That’s the way.

I work with a lot of UNC system grads from various institutions. There is a trend to those that graduated from those institutions. Good work ethic, analytical skills, the ability to learn quickly and effectively, good communication skills and critical thinking. There is such value in going to real college and completing a degree. A real degree. Even if you don’t go into the field you studied for you learned to learn. You put your nose to the grindstone and finished something. It feels like our society is losing that. Between ridiculous costs and the rise of online schools offering shortcuts (get your bachelors in 2 years and your masters in one!!) the system that has served us well is failing.

And don’t get me started on the lack of vocational training focus in high schools and the lack of respect for vocations. Not every person needs to go to traditional 4 year college. We need robust vocational trade training to have the respect it deserves.

As far as the enrollment cliff goes.

We know that elite schools will be fine.

I hope that our position as a quality institution in a large market will allow us to weather the storm.

Would moving to D3 athletics and reducing student fees help us?

Would that work financially?

I really shouldn’t post when I’m in a bad mood.

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The world is changing fast.
In the next 15 years admissions are expected to drop quite a bit from the stats I have seen. Going to be a lot of changes with the traditional methods of education and colleges will have to adapt anyway they can.

Hell half the kids I interact with under 30 have almost no social skills at all and go out of there way to avoid interaction.

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Sad.

Hopefully things will turn.

I blame the phone and social media.

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Maybe I’m just being a crotchety old f&@* about online degrees.

I just don’t like it.

I think you need your ass in a class room where you actually have to talk to people.

ACTUALLY LOOK PEOPLE IN THE EYE AND TALK TO THEM IN PERSON.

this is important.

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Population decline is real. After 2008 financial crisis, people stopped having as many children. That age group is getting to high school now. I can tell you a ton of CMS high schools and the suburban districts are actually losing enrollment despite the population growth in the city. Many of those are going private/charter, but there are also just less kids.

The stats are pretty interesting if anthropology is your thing

I agree with your assements but also think I am becoming a dinosaur.
I will die on the hill though that you must be able to communicate and interact with people. I have tried to teach my kids that and also put them in uncomfortable social situations as much as I could when they were growing up. Maybe it worked or maybe they will need therapy. Worlds a crazy place.

A good friend of mine said his 23 year old daughter had a problem with the bank mistakenly charging her fees each month. She tried to chat online and call to no avail but would not go the local branch and talk to a manager. She was petrified and would not do it. Just don’t get how this happened.

A lot won’t even call.

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clt says this with peace and love, but we have too many colleges and too many college students.

degrees need to be focused on a career path, not something you think is interesting. would rather hire a community college grad who studied business over a liberty grad who studied history

A post was merged into an existing topic: Higher Ed - General News (non-UNC Charlotte)

I 100% agree about online. My daughter is going back for a data science masters because she couldn’t find a job in this market with her UNC degree from a major no one wants (I tried).

She considered Ga Tech which is the popular and cheap online degree a lot of folks are getting, but I talked her into in person at charlotte even though it costs more. She is paying for this degree.

I also see the same thing with social skills. I mentor interns and also generally have an early rotational person on my team. Some have ZERO social skills and I agree it’s pretty much a coin flip as to whether they do.

Work ethic and motivation is a problem as well.

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I have a friend that got a data science masters from GTs online program. He does quite well for himself and he had good things to say about it when I was considering doing the same.

clt says don’t forget the entitlement of the youths. why am i not the vp at 25?

It’s a great program. Didn’t mean to sound like I was knocking it. I just think there is something to be said for getting to know your professors and making contacts with the people in your classes and in your group projects.

It’s all about who you know in the job market very often. During my degree I saw professors recommending students for jobs that people had came to them looking for a good candidate.

If you’re already in the field and looking to get the degree to help yourself grow within it, Ga Tech is a great option. If you aren’t, I think you need in person so you can grow your network as well as learn.

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Population decline. Hmmm. A period of baby bust. I suggest we call them the Baby Bust Generation. OK, Buster! Has a nice ring to it. :laughing:

My business is done totally on line now and I fear I’m not very good at it. My biggest asset in my work life was being able to meet with people and have face to face time. Good thing I’m almost to retirement so I only have to fake it for a little while longer.

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