Professor opinion on UChicago Financial Crisis

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s shocking to me that the University of Chicago is funding new laboratory facilities etc by borrowing and there seems to have been no discussion re: raising any of the shortfall from alumni donations..

It does seem that some schools just don’t have much of a culture of alumni giving, and that is a relevant factor to look at when evaluating the financial health of a school (vs. just looking at endowment).

This is what confuses me. Chicago graduates people who make a ton of money- astrophysicists who became data scientists, math majors that go into quant finance, Econ and business majors that go into IB and PE, public policy leaders, etc. What in the world is going on with whoever is directing alumni relations?

Anyone have a feel for how much the end of legacy admissions is affecting alumni donations across the board?

[Anonymous]

U.S. News removed percent of alumni donating from its criteria. Perhaps it should be added back

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s shocking to me that the University of Chicago is funding new laboratory facilities etc by borrowing and there seems to have been no discussion re: raising any of the shortfall from alumni donations..

It does seem that some schools just don’t have much of a culture of alumni giving, and that is a relevant factor to look at when evaluating the financial health of a school (vs. just looking at endowment).

This is what confuses me. Chicago graduates people who make a ton of money- astrophysicists who became data scientists, math majors that go into quant finance, Econ and business majors that go into IB and PE, public policy leaders, etc. What in the world is going on with whoever is directing alumni relations?

Anyone have a feel for how much the end of legacy admissions is affecting alumni donations across the board?

Hardly moves the needle. A lot of school with great alumni donations don’t have legacy or hardly use it. Mostly alumni donors are older and many genuinely like the college and want to give back to the place that launched them.

[Anonymous]

This guy comes across as a whiner.

[Anonymous]

Anonymous wrote:This guy comes across as a whiner.

Not at all. The article is mostly data and factual accounts. You seem like a whiner though.

[Anonymous]

I think we can all agree: University of Chicago is no Bucknell.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This guy comes across as a whiner.

Not at all. The article is mostly data and factual accounts. You seem like a whiner though.

I have a degree from Northwestern. I’ve always thought of UChicago as being a lot more pure and more prestigious.

Maybe the problem UChicago has is that federal research funding is simply skimpier than it used to be and Fortune 500 ties are a bigger deal now.

But my impression is that the very smartest prodigies would probably end up at UChicago and that this will help stabilize things at UChicago. People who need a practical problem solver may recruit at Northwestern, but people who need someone who knew Calculus in third grade might be better off looking at HYPSM, Cal Tech, Duke, Johns Hopikins, UChicago and maybe the the honors scholarship students at a few other schools.

[Anonymous]

Anonymous wrote:This is what happens when you force students to commit by pushing them to apply ED2 etc. They will always remain grumpy alumni 😁

lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:#1 most hated school on DCUM generates yet another hate post!

Better to be hated than to be talked about contemptuously. See any thread that talks about GMU, JMU, VCU on this forum. People are bullies when it comes to schools they don't think are "good enough".

100%

[Anonymous]

Anonymous wrote:

They suggested that while a portion of the deficit would be addressed by targeted cuts, 50% of the deficit could be ameliorated through the combined revenue streams of technology transfer and increased enrollments in postgraduate degree and professional certification programs.

In case you didn't know already, this confirms these programs - and not just the ones at Chicago - are straight-up money grabs.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s shocking to me that the University of Chicago is funding new laboratory facilities etc by borrowing and there seems to have been no discussion re: raising any of the shortfall from alumni donations..

It does seem that some schools just don’t have much of a culture of alumni giving, and that is a relevant factor to look at when evaluating the financial health of a school (vs. just looking at endowment).

This is what confuses me. Chicago graduates people who make a ton of money- astrophysicists who became data scientists, math majors that go into quant finance, Econ and business majors that go into IB and PE, public policy leaders, etc. What in the world is going on with whoever is directing alumni relations?

Many colleges cultivate loyal & generous alumni via sports, & with the proliferation of televised sports, this is easier than ever. Maybe it’s time for UChicago to rejoin the Big 10
.

[Anonymous]

While it’s true UChicago got a bit over its skis with its expansion projects, other than our big tuition bill, DC Senior has not felt the impact of that in their day to day experience. They are a STEM major and wanted demanding classes with serious fellow students. They’ve received that and even managed to have some fun along the way too. No regrets whatsoever.

[Anonymous]

We don’t feel any financial issues effecting our student. His dormitory is very nice and modern. He was able to have a single room for his first 2 years.
He is able to take all the classes that he is interested. For the most part he likes the quality of his teachers.
He takes some courses at Booth school
U Chicago has an amazing facilities in Paris for study abroad, I am not sure about other locations.
So overall has been great. Academics have been Challenging at the time with the quarter
System.

[Anonymous]

Anonymous wrote:We don’t feel any financial issues effecting our student. His dormitory is very nice and modern. He was able to have a single room for his first 2 years.
He is able to take all the classes that he is interested. For the most part he likes the quality of his teachers.
He takes some courses at Booth school
U Chicago has an amazing facilities in Paris for study abroad, I am not sure about other locations.
So overall has been great. Academics have been Challenging at the time with the quarter
System.

But maybe the financial issues AFFECTED your grammar?!

[Anonymous]

You are correct, since english is not my first or even second language I learned but those were my observations.