"I feel, personally, really a real sense of loss," Prescott said. "But I also recognize that the decision was well-reasoned by the president, by the trustees. And I think at this stage of the university's history, and under the current economic climate, I think this is exactly the right thing to do. Even though we had high hopes for the school, it's just not the right time to do it."I don't feel a sense of loss at all. I couldn't be happier for the students that will not fall victim to Wilkes' scam. It's amazing that there is absolutely no analysis of the needs of the community. It's a math equation. ROI=(cost of building school and hiring top notch faculty) - [(# of students) * tuition]* X years. Is it that simple? At some point, alumnae stopped making enough of a contribution to matter to schools. If alumnae gifts were a large enough portion of schools' endowments, schools would care about their fate. But a more likely culprit than the sharp decline in alumnae gifts is the greed of academia. They just want more and more and they have lost sight of customer satisfaction. I see their demise in the next few decades. The World Wide Web had made so much of life cheaper and more convenient, but education has become costly and burdensome. I know that the college experience is great, but I would love if brick and mortar education becomes a thing of the past. It's the wave of the future.
Week-end Wrap – Political Economy – September 07, 2025
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Week-end Wrap – Political Economy – September 07, 2025 by Tony Wikrent
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