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by credit_guy
2253 days ago
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What we are going to see this year is a "run on the colleges". Just like there were runs on the banks in the 19th century, we will now have a new phenomenon, of run on the colleges. Right now colleges are preparing for a 20% decreased enrollment for the Fall semester. Due to blog posts like this one, and generally people talking with one another, a lot of students will realize that if schools are budgeting for an 80%-year, it's better to skip the year and come back in Fall 2021. My guess is that we'll actually see a 40% reduction in enrollment. This will not make a difference for institutions like Harvard, Yale, Stanford with huge endowment funds. But it may break the back of many a poorer college. The 2020-21 academic year is going to be very interesting... |
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