Swamis: How will economic impact of COVID change college admissions prospects in 5+ years

[Anonymous]

Everything will be back to business as usual. College admissions is a good money making machine, perfected over decades with support from congress and the powers that be. There is no way they will let it die.

[Anonymous]

Anonymous wrote:Everything will be back to business as usual. College admissions is a good money making machine, perfected over decades with support from congress and the powers that be. There is no way they will let it die.

How is admissions a "money making machine"? For whom?

[Anonymous]

Anonymous wrote:If a vaccine is approved and available to general population by end of 2021, I think schools will just admit more overseas students at full pay. Not sure that we are going to experience a drop off in demand.

If Trump is re-elected, demand from international students will fall.

[Anonymous]

Rich schools will get richer. State schools will have more applicants.

expensive lacs near nothing will struggle if they aren't excellent.

[Anonymous]

Anonymous wrote:Rich schools will get richer. State schools will have more applicants.

expensive lacs near nothing will struggle if they aren't excellent.

This. Not just flagships but directional U’s too. And community college enrollment will jump. Next to a CC even the state schools are extremely expensive. Rich kid advantages in admissions will increase.

And then this thing will end and it will begin to return to the pre-Covid state, minus the many failed privates that are undercapitalized and operating too close to their enrollment revenue margins.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Everything will be back to business as usual. College admissions is a good money making machine, perfected over decades with support from congress and the powers that be. There is no way they will let it die.

How is admissions a "money making machine"? For whom?

It costs around $40-75 to apply. If a school manages to up their number of students applying and paying the fee, that money goes to the bottom line. For example, Harvard gets about 40K applications per year. At $75 per application, that comes to $3M a year in revenue from admissions. I know there are fee waivers available for kids who cannot afford the $75, but that's a small number and you get the point.