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Reply to "Elon vs U of Richmond "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Elon's endowment is shockingly low, both overall and per-capita. Richmond's is great both overall and per-capita. If you want a well-resourced institution that is in a fantastic position to weather the endowment cliff, go with Richmond.[/quote] Will people pay 80k for UR when they have better options because of the enrollment cliff?[/quote] I don't know how post-enrollment cliff interest would be any different from pre-2010 interest, so...yes.[/quote] The enrollment cliff changes supply and demand. If consumers have more choices because there are less applicants how would interest in UR not change? [/quote] Because numbers would just be returning to pre-2010 ish numbers across the board? So consumers would have the same choices they would've had in 2005? Also, any place with a sub 35% acceptance rate could probably fill their class 2x over and get pretty similar compositions, so it isn't the case that even if interest did wane UR would be in deep trouble. Their endowment is so large they could also just half the class size.[/quote] Will they charge 2005 tuition and pay professors 2005 salaries?[/quote] Why would they lower their tuition? If anything, they'll raise it in line with what they've done every single year or more. They certainly have more power to raise than Elon, if you're suggesting the opposite. [/quote] If they have less students to choose from they’ll have to lower tuition. They are too expensive for the enrollment cliff and not T10. UR will have to give merit like Elon.[/quote] They have the applications to fill their class at least 2x over. Also, they don't rely on tuition money, as is evidenced by their ability to meet 100% of demonstrated need, which Elon is unable to do. Also, their endowment is a great size and massive proportionate to their student body size. They could probably get by on yearly distributions alone. [/quote] If they “fill their class 2x over” and double the amount of admits the acceptance rate will skyrocket. They don’t rely on tuition? Why do they charge anyone then?[/quote] Why in the world would they double their class size? Of course that would be crazy. They charge tuition because it adds money to the budget? Why wouldn't they charge tuition? I only know of one college that does not charge tuition for any student.[/quote] You said they can fill their class 2x over and don’t rely on tuition. You’re right, the things you say don’t make sense. [/quote] What I was implying was that even if half of their qualified applicants stopped applying, they would be able to fill their class all the same. Similar point for tuition, even if they did have to give full rides to half of their accepted students to get them to enroll, they would be totally fine because of their huge endowment. I never said they would double the class sizes or that they would cease charging tuition full stop? [/quote] Once again, that would cause the acceptance rate to skyrocket to Elon’s level. Do you have a cite that shows their endowment is unrestricted enough to support full rides for half of their student body? [/quote] If the enrollment cliff affects Richmond level schools that badly, assume Elon's acceptance rates will triple. Richmond with 1/4th the endowment is still in a better position than Elon. Again, I was not actually suggesting full rides for half the student body is actually something that could ever reasonably happen, it was a hypothetical brought up to service a point: a weak Richmond is as better than a strong Elon.[/quote] I’m asking about UR, not Elon. You can’t defend your claims about UR?[/quote]
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