Syracuse University issues financial warning as admissions slump: We’re in the red

[Anonymous]

Anonymous wrote:Private colleges with subpar endowments may drop next. They can’t throw that much money at students because their endowment is pretty small for student size. Seems like a downward spiral.

Nonsense

[Anonymous]

My anecdotal evidence is that one kid I know went there for what seemed to be an impractical major, loved it and ended up with a great job. He’s the only kid in an affluent family with six bright kids, ages 20 to 30, who has a real job.

If I then lump my own household with his, he’s one of only 2 kids of 9 who has a real job.

So, I’ve never seen the place, but it’s outcomes seem good to me.

[Anonymous]

Anonymous wrote:Maybe this will finally be the end of the massively bloated university administrations. I think few parents appreciate how the hiring of non-teaching faculty has exploded since we were in college. This is what has contributed to the massive increases in tuition. Enough is enough.

This. And many degrees are nothing more than scams.

[Anonymous]

Fwiw, tons of kids from nyc suburbs go to Syracuse, have the best 4 years, and are very successful afterward. It’s a very common scenario! And it’s not just Newhouse. The education is good, the experience is good, they don’t mind the weather. I’m trying to think of what a similar private school 3 hours from the dc area would be. But yeah it’s the price. Some of those families can easily pay but the ones who can’t have cheaper state school options.

[Anonymous]

Anonymous wrote:Google tells me that Syracuse's discount rate is 45% -- that means (if I'm understanding correctly) that the average student pays only 55% of the 100Kish sticker price.

Wouldn't it be bold for Syracuse, or some other private, to slash cost of attendance, say, by 35%? I'm not sure how the math would math but I think a much lower initial sticker price would attract a lot of donut hole families/ make them competitive with the SEC schools. . . .

I 100% agree

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will see majority of small (SLACs) private colleges closing in the next five years.

Are you high?

Kids don't want to waste miney on the small liberal arts colleges.

They either want the prestigious top 10-20 schools, or they want the big, fun, traditional college experience with the SEC and big 10 sports and the insta worthy greek party scene.

Schools like Notre Dame and Michigan that hit both of those categories will come out at the very top.

ND does not have a greek scene.

But ND does have one of the best "big, fun, traditional college experience" in the country, if not the best.

Combined with sports and quality education, Notre Dame is easily the top university in the country.

[Anonymous]

Like ND but it will always be in the rear view mirror of Duke. With respect to Syracuse, live in a wealthy full pay suburb and never see a Syracuse decal. Kids that don’t have the grades and top scores are going to Clemson, Bama, Ole Miss etc. Lots of those decals on Range Rovers etc. No interest in SU and upstate NY snowmelt.

[Anonymous]

Anonymous wrote:Fwiw, tons of kids from nyc suburbs go to Syracuse, have the best 4 years, and are very successful afterward. It’s a very common scenario! And it’s not just Newhouse. The education is good, the experience is good, they don’t mind the weather. I’m trying to think of what a similar private school 3 hours from the dc area would be. But yeah it’s the price. Some of those families can easily pay but the ones who can’t have cheaper state school options.

There are very few schools who are positioned like Syracuse-- mid-sized enrollment, moderately selective, longstanding top tier programs (Newhouse, Falk, Maxwell), large deeply loyal alumni base, winning athletic tradition, national brand, and strong school spirit. What are the comparable schools? SMU? There are a host of schools that come close but are more selective-Villanova, USC, BC, and Miami. Syracuse has a strong niche. There is no death spiral here

Yes, it's expensive but for a student who wants smaller class sizes and a relatively more intimate environment it may be worth the money.

[Anonymous]

Anonymous wrote:My anecdotal evidence is that one kid I know went there for what seemed to be an impractical major, loved it and ended up with a great job. He’s the only kid in an affluent family with six bright kids, ages 20 to 30, who has a real job.

If I then lump my own household with his, he’s one of only 2 kids of 9 who has a real job.

So, I’ve never seen the place, but it’s outcomes seem good to me.

Being from an affluent family helps in landing a job due to connections. Of course, one must actually want a regular job. Some young adults from wealthy families would rather naval gaze or explore their passion or wander aimlessly than work a regular job because they can. I'm assuming the parents support them to do that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fwiw, tons of kids from nyc suburbs go to Syracuse, have the best 4 years, and are very successful afterward. It’s a very common scenario! And it’s not just Newhouse. The education is good, the experience is good, they don’t mind the weather. I’m trying to think of what a similar private school 3 hours from the dc area would be. But yeah it’s the price. Some of those families can easily pay but the ones who can’t have cheaper state school options.

There are very few schools who are positioned like Syracuse-- mid-sized enrollment, moderately selective, longstanding top tier programs (Newhouse, Falk, Maxwell), large deeply loyal alumni base, winning athletic tradition, national brand, and strong school spirit. What are the comparable schools? SMU? There are a host of schools that come close but are more selective-Villanova, USC, BC, and Miami. Syracuse has a strong niche. There is no death spiral here

Yes, it's expensive but for a student who wants smaller class sizes and a relatively more intimate environment it may be worth the money.

I wrote the post you’re responding to and I totally agree with you. I really like Syracuse. My daughter applied and would have been happy there. She would not have been happy at most state schools. It’s a good fit for lots of kids!

[Anonymous]

Anonymous wrote:Like ND but it will always be in the rear view mirror of Duke. With respect to Syracuse, live in a wealthy full pay suburb and never see a Syracuse decal. Kids that don’t have the grades and top scores are going to Clemson, Bama, Ole Miss etc. Lots of those decals on Range Rovers etc. No interest in SU and upstate NY snowmelt.

I know two wealthy families with kids at Syracuse.

[Anonymous]

I know a very happy student at Syracuse (rising senior). He was bright but got mediocre grades at a good private high school, and that's where he wound up. He has had a great experience and never complains about the weather.

[Anonymous]

Anonymous wrote:Like ND but it will always be in the rear view mirror of Duke. With respect to Syracuse, live in a wealthy full pay suburb and never see a Syracuse decal. Kids that don’t have the grades and top scores are going to Clemson, Bama, Ole Miss etc. Lots of those decals on Range Rovers etc. No interest in SU and upstate NY snowmelt.

What a dumb post. First of all, who is comparing it to Duke? No one. So why did you write that?

Second, your one "wealthy full pay suburb" is far from representative. Way to jump to conclusions.

So much drama, exaggeration, hyperbole and unjustified bravado (lots of big words there). You don't sound smart enough to get into Syracuse anyway. Hope your kids have fun with MAGA at Bama and end up staying down there.

[Anonymous]

My DC just turned down Syracuse this cycle. It was in their top 3.

We loved it when we visited, and the business school was very impressive. Required kids to have internships to graduate, and kids were all doing a capstone presentation when we visited. Beautiful campus, although the city is run down.

But we absolutely could not justify the cost. Syracuse offered $20k merit originally and then another $5k off, but that still made it $72k/year and that was just for freshman year. Tuition has been going up $5k/year.

Notice I did not say we couldn’t pay the cost, we just didn’t find it to be worth it, relative to the other options.

DC’s older sibling is at an SEC school with a scholarship where the tuition is the same as our in state public. But DC didn’t want to go South.

DCs other options were between $40-55k all in. They are very happy to have saved $100-$150k, and they will likely have the same outcome after undergrad.

[Anonymous]

Anonymous wrote:Syracuse University's competition are the SUNY's, UConn, UMass, Rutgers, etc. Why anyone would choose to pay $95,000 a year to there over these other schools is a mystery? Maybe if wanted sports broadcasting or something similar for Newhouse?

All your comparable schools are public, which some students and parents may not want. I'd also say that none have the combo of attributes that Syracuse has.