This was interesting. This should be a gift link.
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Just goes to show these “academic institutions” are for profit businesses, regardless of the status.
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I guess better for enrollment folks to get big bucks than football coaches. At least their role is directly tied to the purported mission of colleges and universities.
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But football coaches do too. Many presidents will note that athletics put them on the map.
A non-profit business, particularly one with large fixed costs like a college, still needs to avoid making negative profit if it wants to stay in business.
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maximizing income/revenue and maximizing profit are not the same thing.
For one thing I’d point out the increasing number of colleges now offering free tuition to students whose households are below a certain income level.
But those schools still rely upon full pay kids too. And government grants and yes endowments.
Good people deserve the $$ they get. I think it’s great they are getting paid for their salesmanship.
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? I don’t understand your response. I didn’t say they didn’t deserve it, I was pointing out that maximizing income doesn’t make them “for profit” organizations.
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I understand they are non profits by government definition and tax status but in reality they are anything but - no different than your biggest charities with highly paid execs. We are just talking semantics.
I thought the most interesting part of the article was the information on ED advantage - a topic often debated here. In the embedded article, I found that 1/3 of students from independent schools use ED interesting.
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I bet the percentage is even higher amongst the most selective independent schools. That said, I missed the 1/3 stat in the article. Do they cite a source for it?
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Say they pulled from Common App data.
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Interesting article but I don’t think there’s any thing “new” here to most of the people that follow it on these forum’s… the idea that it’s in the Times means it will get a broader audience which is a good thing. I will say that the reporting of it was fairly well done (how often do we see misleading or outright incorrect information??). The one data point that stood out to me:
According to Mr. Murphy of Class Action, the number of schools that admit, via early decision, more than 40 percent of the first-year students who enroll has grown nearly 50 percent since 2015. There are 73 now.
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