Reply to WaPo feature on bad economic outlook for colleges

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid is interested in Roanoke College and University of Lynchburg. Are they screwed?[/quote]

In the next 10 years - probably not.

[b]There are some failrly well regarded schools already on the bubble[/b] - Earlham is really struggling as is Beloit. [/quote]

My formerly SLAC, now a LAC is one of these.  The endowment is only at $400M.  We've got a massive capital campaign going but the institution may not recover.[/quote]

At $400m they have a long time before they have existential worries. But endowments aren’t what people think they are. They are not vast hoards of treasure that sit there for a rainy day. My LAC has a $1.5B+ heap and yet that funds a very small fraction of operations. Much still comes from tuition, and full-pay customers are hard to turn away. Many colleges whittled their endowments before realizing need-blindness is expensive. Haverford, Holy Cross, and Wesleyan are a few that come to mind. [/quote]

The other thing the article pointed out is that the top tier schools are very good at controlling their need percentage.
[quote]At the same time, elite colleges aren’t accepting more lower-income students. The share of low-income students receiving federal grants at the most competitive colleges stayed essentially flat between 2000 and 2014, going from 15 to 16 percent, while it grew from 46 to 59 percent at noncompetitive institutions, according to the Washington-based consulting firm EAB. That’s surprising, given the explosion in the number of organizations that help these students access selective colleges. Also surprising is how hard it can be for these students to get into elite colleges: Tatiana Poladko — co-founder of TeenSHARP, a Delaware- and New Jersey-based nonprofit organization that helps 100 underrepresented high-achieving students get into selective colleges every year — says that her students typically apply to 15 to 20 of these colleges, and are happy to get accepted to one. “The bar has just gotten so much higher,” Poladko says. “The line I get all the time [from admissions] is, ‘Our pool of African American low-income first-generation students is deep.’ ”[/quote][/quote]

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