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Post by matunuck on Oct 22, 2019 12:12:17 GMT -5
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Post by purplenurple on Oct 22, 2019 12:51:19 GMT -5
HC ending their need-blind policy is mentioned. It does underscore the need to grow the endowment to weather the financial and enrollment storms that are appear to be coming on the horizon.
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Post by JRGNYR on Oct 22, 2019 13:56:18 GMT -5
I've thought for some time that HC needs to expand some of its academic offerings, even if adding them causes many to feel HC is straying from its liberal arts roots. Better to diversify and thrive (or at least survive) vs. stay the course with a potentially untenable model long term. And better to diversify early before others do the same. Making a move too late is as unproductive as not making the move at all.
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Post by matunuck on Oct 22, 2019 14:09:48 GMT -5
Anyone who believes a school can charge north of 60-70 K per year and not pay attention to its academic reputation and composite ranking is delusional. HC understands this, for now at least.
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Post by sader1970 on Oct 22, 2019 14:37:11 GMT -5
That’s the list price. How many pay MSRP?
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Post by CHC8485 on Oct 22, 2019 15:16:47 GMT -5
And as I've posted before, if anyone curious to know what they would pay vs. list price, Holy Cross has 2 calculators here to give you a general idea of cost and financial aid eligibility. www.holycross.edu/financial-aid/financial-aid-calculatorI can tell you from experience, both give you a good idea of what you would pay and the second more detailed calculator is quite accurate. Whenever I used it over the past 7 years, the actual award came back within a couple hundred dollars of the estimates and there was a little more scholarship and a little less loan in the actual award than the calculator returned. |
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Post by matunuck on Oct 22, 2019 15:54:09 GMT -5
That’s the list price. How many pay MSRP? More do now but let's just say 30-40 K out of pocket -- my point remains |
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Post by longsuffering on Oct 23, 2019 15:23:42 GMT -5
That article held my attention from start to finish. Nice job weaving between Hampshire's specific woes and the challenges facing the private, expensive liberal arts market sector Holy Cross belongs to.
I wonder if TPTB at HC run regular "stress tests" like all the big banks have to do since the great recession and government bailout of the banks? One thing I am confident of is there will be no government bailout of Hampshire or Holy Cross.
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Post by rgs318 on Oct 23, 2019 16:13:37 GMT -5
Don’t mix the two. HC does not need a bailout from the government...now or in the near future.
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Post by longsuffering on Oct 23, 2019 21:14:26 GMT -5
Good point, but does the current building boom and ever rising tuition at HC make you even slightly nervous when reading articles like this that discuss the upcoming baby bust and the other challenges facing expensive, but non-Ivy level liberal arts colleges?
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Post by KY Crusader 75 on Oct 23, 2019 21:52:31 GMT -5
Good point, but does the current building boom and ever rising tuition at HC make you even slightly nervous when reading articles like this that discuss the upcoming baby bust and the other challenges facing expensive, but non-Ivy level liberal arts colleges? If it comes down to "survival of the fittest", isn't Holy Cross one of the fittest? |
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Post by rgs318 on Oct 24, 2019 7:22:09 GMT -5
Yes, it is. Being a smaller school, the pressure to fill spots is not as great as it is at some much larger institutions.
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Post by hcpride on Oct 24, 2019 8:08:28 GMT -5
Good point, but does the current building boom and ever rising tuition at HC make you even slightly nervous when reading articles like this that discuss the upcoming baby bust and the other challenges facing expensive, but non-Ivy level liberal arts colleges? If it comes down to "survival of the fittest", isn't Holy Cross one of the fittest? I think the most fit are those best able to adapt to the (changing) environment.
Macro changes in critical areas such as demographics (especially in the Northeast) , declining religiosity, and prospective student academic preferences are exerting (and will continue to exert) acute pressure on Holy Cross. With skillful leadership and several tweaks ('need-blind' being the latest) and some serious course corrections we can adapt and doubtlessly survive.
Whether we can maintain our current "more selective" profile is another matter.
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Post by purplenurple on Oct 24, 2019 10:01:47 GMT -5
At a presentation in the fall, Traci Barlok and Rick Patterson, chair of the board of trustees, spoke to how if HC could get over $1B for endowment in the near term it would be a gamechanger for the College. Hopefully the school can see a combination of endowment performance and give to reach that height by 2021.
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Post by CHC8485 on Oct 24, 2019 11:28:26 GMT -5
I would bet that if the college came out and said our goal over the next 5 years is to grow the endowment to $1.1 billion (~$300 Million more than where it is now) with the intention of dedicating it all to financial aid with the intent of funding fully need blind admissions and severely reducing or eliminating loans from HC financial aid packages - they'd get a ton of people on board to up their annual contribution because they know exactly what the money is going to.
And since really BIG donors apparently prefer their names to be on buildings, it would be a great way to engage those mid and lower dollar amount donors who say, I give but where does my contribution go? I bet if they did that, and specifically appealed to the $25 - $1000 donors, most would gladly increase their annual donation if they knew 100% of the increase over the prior year was going to fund a $5,000,000 Class of 'XX Endowed Scholarship. Get 50 classes to do that over 3-5 years and you add $250 million to the endowment in no time.
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Post by longsuffering on Oct 25, 2019 0:42:25 GMT -5
Great quotes from great men:
"While I'm still here." -MM67
"While we're young!" -Rodney Dangerfield
I personally would love to give more but to be responsible I will have to wait and let my Estate do it...a long time in the future, I hope.
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