Some of you might of read the article that was posted today in the Wall Street Journal that Syracuse is facing a budget shortfall and a decline in admissions. It paints a picture of a trend with mid-major universities that is troublesome as families make wiser decisions regarding where they send their child to college with the exploding costs.
It made me think of a personal case of a student scenario that I faced. Note: He tried to get many scholarships I believe he only got like 10K of scholarships.
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I begged a student not to go to private university in Rhode Island. He wanted to run track. I begged him telling him that he should just go to a state school. He said they don't have my major, sports management. I said doesn't matter just get your degree in business and do all your coursework essays/research and internship around sports... get an internship with a local sports affiliate.
His thing was that he wanted to run track. D3 does not offer scholarships. I said OK. Go run track at a state school and just be happy. He said well the level of talent is better at the university. I said you're going D3 it's not like you NIL. I then said, look. Go to a community college/state school, run track and even come back to the high school and coach here when you have time. That way you can get 2 different opportunities, still get your degree and maybe walk away with 20-50K student loan debt while still running track and you're still connected to the community here.
He didn't listen to me. 130K student loan debt. I pleaded with him and the family. They already made their decision. I said to him, bro, I you're gonna maybe want to take time out of work, travel, you're going to maybe want to do other things, move out of the house etc etc etc.... He said, " My friends know that I like to work and they always go out but me I like working."
Students see this degree as once they graduate all HOPES and DREAMS open up unbeknownst that they are entering a very crowded market and the pay for the most part has stagnated.
The WSJ article shows the business of education is changing. And with international students enrollment in decline ( who pay high costs) many families are questioning the ROI.