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Showing posts from October, 2018

Private College Revenues and the US College Meltdown

dahneshaulis@gmail.com According to National Center for Education Statistics charts , public higher education institutions overall experienced increased revenues in recent years, but private colleges saw a $46 Billion loss in revenues from 2013 to 2015 . To make matters worse, in 2016, the revenue line for non-profit private colleges and universities actually dipped below expense lines. Revenues were $183B and expenses were $189B, for a net loss of $6B. Bear in mind that the numbers are not up-to-date, so this pattern may have improved, stabilized, or worsened since 2016. But with student enrollment continuing to decrease, declining private college revenue numbers may be a harbinger of a larger meltdown. In 2016, EY suggested that as many as 805 colleges faced significant challenges due to low enrollment numbers and unsustainable finances. Some of private college revenue losses may due to a tuition discounting. In any case, drops in institutional revenues for a significant period requ...

College Enrollments Continue Decline in Several States

dahneshaulis@gmail.com [Updated 10-20-2018] Although the National Student Clearinghouse numbers won't be out until December, a cursory look at news articles over the last month suggests that US higher education enrollment will be down again in 2018-19. This is not surprising news, given that only a minority of colleges surveyed by Inside Higher Education/Gallup had met their enrollment goals by June. Thousands of learning sites and campuses have closed over the last seven years , and the trend looks like it will continue. You can track the school closings here . For-profit colleges continue to downsize, although they aren't reporting numbers. However, many University of Phoenix and Virginia College campuses will be closing. Harrison College campuses closed abruptly leaving thousands of students shunted to other questionable subprime schools, like National American University . University of Phoenix campuses will be closing in Albuquerque, Atlanta, Chicago, Colorado Spri...

Visa Mill Promoters Drop $760K on Key Republicans and NY Governor Andrew Cuomo

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According to Federal Election Commission (FEC) records, individual members of Thompson Education Center have spent at least $710,000 for the 2017-2018 election cycle, all on Republican efforts.  [Image below from Open Secrets.] Backers of Thompson Education Center, Lianbo Wang and Sherry Li , have already donated at least $600,00 to the Trump Victory fund . They also donated $55,000 to New York Governor Andrew Cuomo in 2014.  Thompson Education Center (TEC) is a project, backed by Chinese-American investors, to create a private college in Sullivan County, New York. The school would house up to 2500 students, presumably Chinese nationals seeking US visas. Information about the school is sketchy. Press releases from 2016 and 2017 stated that TEC would build a nursing school, a culinary center, and a conservatory for film and tv. [Image from NTD, suggesting that the Thompson Education Center could become a high-end visa mill for Chinese nationals.] In 2013, the or...