It’s no big secret that the cost of attending a four-year college or university in the United States is out of control. It’s almost gravity defying how the cost of college has increased relative to regular inflation over the past twenty years. In fact, more than 500 nonprofit private colleges have shut down in the last decade according to the Wall Street Journal, which was "three times what it was in the decade prior."
The news is about to get worse, and there is a stern warning announcement coming from the pilot in the cockpit. 2025 is going to have a lot of turbulence followed by potentially weekly plane crashes of colleges and universities who can no longer afford to open their doors. This new reality is the ultimate law of supply and demand and families in America are voting with their feet.
LOW ENROLLMENT AND FINANCIAL STRUGGLES FORCE A NY COLLEGE TO CLOSE: ‘IT’S REALLY UNFAIR TO EVERYONE'
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GJ - The denominational schools of higher education are already feeling the pain, the panic, and the pressure. The earlier fad was the Country Club College effort, where the incoming students were lured by deluxe housing and relatively low costs, until they saw finances shoot up in the last two years of school. That left schools with piles of aging and partially used buildings. Lutheran educational leaders are dropping courses (but not Olympic gyms, wink wink) to manage income.
The current figures are a shadow of what they will be in a few years. Bethany Copper Cathedral came from Marvin Schwan's money. So did the oversized seminary building, etc. Where else could a seminary president and his son manage the faculty, 50-50 with just a few part-time helpers?
Likewise, the LCMS "International Building" with built-in Schwan Lake reminds everyone of how costly the Purple Palace continues to be, using the land of one of the most ridiculous Roman Catholic saints - Vianney.
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| How appropriate! having the Romanizing LCMS promote its fowl errors. |
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| Schwan Lake |
