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Reply to "U Chicago financial woes"
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[quote=Anonymous][quote=Anonymous]It says 24% cost increases since 2019. Inflation in the same time frame was 15-18% so this is actually not that crazy an increase. And Chicago may be hit worse with salary increases because with all the crime issues they may need to pay a little more to attract and retain people. (Yale had that problem back when New Haven was viewed as a challenging location.). It is an interesting question whether all the schools will hit some problems with the combination of inflation, a flattening stock market and a coming demographic decrease in teens (eg less application money coming in). [/quote] With a demographic crunch, to maintain app income and high you need more apps from fewer people to maintain the numbers. Something like getting kids to apply to 20+ rejective schools each instead of just picking 4-5 realistic choices and a safety. They can still only attend one. [/quote]
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