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

[Anonymous]

I hope they figure it out. There is a huge community of passionate alumni who care a lot. Gerry McNamara may save the day!

[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?

Agreed. I went there, but the price is completely beyond justifying. They have to do something to slash costs.

[Anonymous]

Anonymous wrote:America does not want to experience college walking between snow trenches. That’s their fundamental problem. If Syracuse was as far south of NYC as it is north, Syracuse would be fine.

This made me laugh, because I went to Syracuse and it was truly the best 4 years of my life... Snow and all.

[Anonymous]

Anonymous wrote:America does not want to experience college walking between snow trenches. That’s their fundamental problem. If Syracuse was as far south of NYC as it is north, Syracuse would be fine.

I mean maybe but there are other factors at play. Plenty of kids go to Colgate, Cornell, U Rochester etc. Boston isn't much warmer.

[Anonymous]

Syracuse has few "signature programs" that make it worth the dough versus its peers. GW is similarly pricey, but is understandably attractive to those who want to be in Washington. Literally no one would affirmatively choose to be in Syracuse.

Sports: No longer, they pretty much suck at everything.

Rich Alumni to Fund Sports and Infrastructure: Not at the moment.

Great Programs: Journalism is good, but at the same level as ASU, Ohio U and other cheaper/merit-heavy, non-competitive schools.

I think Syracuse needs to continue to eliminate unpopular programs (yes, I know they've started), reduce the COA so that the "full sticker" is low enough that more people can and feel okay paying the full sticker and reduce the administrative bloat.

The games they've played with 11th hour merit have infuriated current parents and, through osmosis, their kids, which doesn't help with future giving.

[Anonymous]

PP here: they could also lead a revolution in offering a streamlined three-year undergrad degree to save families time and money if they choose.

[Anonymous]

Knock big time sports all you want, but moving back to the Big East for b-ball wouldn't be a totally crazy idea. The Big East Tournament at MSG NYC is pretty hype! Just ask the Knicks.

[Anonymous]

Anonymous wrote:

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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?

Syracuse is ranked <<< compared to Rutgers though the college experience may be better because Rutgers campus sucks.

Sorry but Rutgers isn't remotely as good as Syracuse. Keep dreaming.

Rutgers ranked 42
Syracuse ranked 75

Public school....UC Merced class. Enough said

If outcome of UC Merced grads is good (social mobility) then it makes sense. Also, it's much cheaper than Syracuse, with better weather.

[Anonymous]

The school has also recently embarked on a big buying spree to improve the dorms and the area around the campus. That cannot be good for their bottom line.

[Anonymous]

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Anonymous wrote:They have a $2.2 billion endowment. Let them eat it.

Do you know how endowments work?

They obviously do not. Most people are pretty uninformed when it comes to endowment mechanics and just see a big pile of money.

It is a big pile of money. There is no reason for these schools to hang on to that level of wealth when they are cutting programs left and right and expecting UMC families to fork over $400,000 for a bachelors degree for each child.

There are restrictions on how the vast majority can be spent. Money given to support sports, or infrastructure for example cannot be used for financial aid.

[Anonymous]

Syracuse is just the beginning.

[Anonymous]

Colgate has experienced 2 consecutive years of admissions declines from over 20 k for class of 2028 to 16k this year.

[Anonymous]

Anonymous wrote:Syracuse is just the beginning.

+1. Having a near $100k COA is simply unsustainable. Expensive colleges will fail. They’ll need to make major changes to survive.

[Anonymous]

Anonymous wrote:Knock big time sports all you want, but moving back to the Big East for b-ball wouldn't be a totally crazy idea. The Big East Tournament at MSG NYC is pretty hype! Just ask the Knicks.

I don’t think this will help their fiscal problems but they should definitely do this

[Anonymous]

Syracuse dropped the ball last year big time with the last second shenanigans - that was a PR nightmare.

Newhouse, Falk, and a few other programs will keep them alive. Going there to be a random history major or whatever else is not going to happen except for rich daddy's girls from Long Island.

Based on inflation, tuition should be up a little over 2x from 25-30 years ago, so maybe in the 50s or pushing 60. Instead it is 100. People might pay up for an Ivy. But they will be more selective about others with lower ROI.

Rutgers is fine. It is a major class statement in NJ. Kids from top public schools in NJ see it as settling. If you are going there from Millburn or Ridgewood or Livingston, you are not proudly wearing your Rutgers t-shirt. If you are from a more middle class or lower school, it is great.