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Post by CHC8485 on May 9, 2020 11:32:18 GMT -5
Not sure a revenue short fall of $100 million means a budget shortfall of $100 million. Lots of fixed costs so I'm sure a budget shortfall has occurred, but costs such as heat, electric, water, food service, repair, etc. are significantly lower since mid-March, so losing revenue that was expected to pay those bills when fully operational, does not equate to a budget shortfall equal to the amount refunded.
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Post by longsuffering on May 9, 2020 14:55:53 GMT -5
Not sure a revenue short fall of $100 million means a budget shortfall of $100 million. Lots of fixed costs so I'm sure a budget shortfall has occurred, but costs such as heat, electric, water, food service, repair, etc. are significantly lower since mid-March, so losing revenue that was expected to pay those bills when fully operational, does not equate to a budget shortfall equal to the amount refunded. Yes, and reading the article other Catholic Colleges furloughed quickly unlike HC which won't consider it until June 30.
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Post by purplehaze on May 22, 2020 11:30:55 GMT -5
As the 19-20 year ends today with commencement, does anyone know how the school has done w/r/t receiving deposits for the class of '24 and if they had to dip into the wait list to fill the class ?
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Post by alum on May 26, 2020 7:55:52 GMT -5
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Post by purplehaze on May 26, 2020 8:31:33 GMT -5
If on campus instruction does not happen for the fall semester, how much of a tuition discount does the school offer to parents ? I would think many are going to resist upwards of $25-28000 tuition charge. (keep in mind schools did not refund any tuition charge for the last 2 months of this past spring semester.)
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Post by Pakachoag Phreek on May 26, 2020 8:53:35 GMT -5
If on campus instruction does not happen for the fall semester, how much of a tuition discount does the school offer to parents ? I would think many are going to resist upwards of $25-28000 tuition charge. (keep in mind schools did not refund any tuition charge for the last 2 months of this past spring semester.) I think there is a 95% chance that HC will re-open in the fall, on-campus. i believe even Fordham is re-opening on-campus in the fall, As of May 24, Da Bronx had an infection rate of 3,090 per 100,000, or 3 percent. I don't have a test rate for Da Bronx.
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Post by hcpride on May 26, 2020 11:26:36 GMT -5
FWIW About 2K Fordham Undergraduate students study in Manhattan (I think about 1K of these live at Lincoln Center Fordham housing). In the olden days Lincoln Center Campus was just Fordham Law School as I recall. Things changed.
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Post by gks on May 26, 2020 19:15:39 GMT -5
If on campus instruction does not happen for the fall semester, how much of a tuition discount does the school offer to parents ? I would think many are going to resist upwards of $25-28000 tuition charge. (keep in mind schools did not refund any tuition charge for the last 2 months of this past spring semester.) I think there is a 95% chance that HC will re-open in the fall, on-campus. i believe even Fordham is re-opening on-campus in the fall, As of May 24, Da Bronx had an infection rate of 3,090 per 100,000, or 3 percent. I don't have a test rate for Da Bronx. Colleges will be back. They. can't afford to give up the cash. And neither can the cities and towns that host them.
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Post by Pakachoag Phreek on May 29, 2020 10:15:54 GMT -5
HC has something in common with Purdue, where Mitch Daniels, President of Purdue, spoke about smashing records.
840 acceptances for the class of 2024. I think they may need to lease a hotel, as they once did with the old HoJo's if memory serves.
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Post by alum on May 29, 2020 10:28:58 GMT -5
HC has something in common with Purdue, where Mitch Daniels, President of Purdue, spoke about smashing records. 840 acceptances for the class of 2024. I think they may need to lease a hotel, as they once did with the old HoJo's if memory serves. PP---Source? This is wonderful news that, even in these difficult times, young people, with their parents' support, want an HC education.
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Post by Ray on May 29, 2020 10:30:21 GMT -5
This is not unique. Schools are admitted a lot more students than usual, anticipating a greater-than-normal percentage of summer melt.
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Post by alum on May 29, 2020 10:33:46 GMT -5
This is not unique. Schools are admitted a lot more students than usual, anticipating a greater-than-normal percentage of summer melt. Agreed. We don't know (maybe PP does) how many kids they accepted vis a vis prior years. I am also wondering if kids are placing deposits at private schools like HC and also their state universities in the event that there is no on campus learning. Still, we have to be happy with the 840 deposits.
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Post by Pakachoag Phreek on May 29, 2020 10:52:10 GMT -5
HC has something in common with Purdue, where Mitch Daniels, President of Purdue, spoke about smashing records. 840 acceptances for the class of 2024. I think they may need to lease a hotel, as they once did with the old HoJo's if memory serves. PP---Source? This is wonderful news that, even in these difficult times, young people, with their parents' support, want an HC education. The source is senior officials at HC, dated today. "approximately 840 students accepted our offer of admission to the College. ....The next challenge is retention, particularly in light of current circumstances" I assume that the date for deposits was kept as May 1, and that 840 students or thereabouts sent in deposits. Unlike BC, HC almost certainly did not go to the wait list. Retention is an issue if peer schools to HC, and I'm including BC, went to their wait list, and an accepted HC student is offered by BC on May 10, he/she might choose BC. I think you forfeit the deposit though. HC is apparently getting high marks from parents of Chinese students for how the college took care of the international students during the Great Lockdown . That may be leading to HC having a further influx of Chinese students, who are welcome because most, if not all, are full pays. I'll speculate that having Fauci as a graduate may carry a lot of weight with some of these parents.
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Post by HC16 on May 29, 2020 11:15:15 GMT -5
PP---Source? This is wonderful news that, even in these difficult times, young people, with their parents' support, want an HC education. The source is senior officials at HC, dated today. "approximately 840 students accepted our offer of admission to the College. ....The next challenge is retention, particularly in light of current circumstances" I assume that the date for deposits was kept as May 1, and that 840 students or thereabouts sent in deposits. Unlike BC, HC almost certainly did not go to the wait list. Retention is an issue if peer schools to HC, and I'm including BC, went to their wait list, and an accepted HC student is offered by BC on May 10, he/she might choose BC. I think you forfeit the deposit though. HC is apparently getting high marks from parents of Chinese students for how the college took care of the international students during the Great Lockdown . That may be leading to HC having a further influx of Chinese students, who are welcome because most, if not all, are full pays. I'll speculate that having Fauci as a graduate may carry a lot of weight with some of these parents. Are you positing the beginnings of a "Fauci Effect"? 😉
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Post by crossbball13 on May 29, 2020 11:56:27 GMT -5
Seems like the freshman class is getting bigger and bigger every year?
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Post by Pakachoag Phreek on May 29, 2020 12:15:55 GMT -5
The source is senior officials at HC, dated today. "approximately 840 students accepted our offer of admission to the College. ....The next challenge is retention, particularly in light of current circumstances" I assume that the date for deposits was kept as May 1, and that 840 students or thereabouts sent in deposits. Unlike BC, HC almost certainly did not go to the wait list. Retention is an issue if peer schools to HC, and I'm including BC, went to their wait list, and an accepted HC student is offered by BC on May 10, he/she might choose BC. I think you forfeit the deposit though. HC is apparently getting high marks from parents of Chinese students for how the college took care of the international students during the Great Lockdown . That may be leading to HC having a further influx of Chinese students, who are welcome because most, if not all, are full pays. I'll speculate that having Fauci as a graduate may carry a lot of weight with some of these parents. Are you positing the beginnings of a "Fauci Effect"? 😉 Hhhmmmmmmmmmmm. Undersized athletes in their chosen sport. Any Fauci Effect is a late blooming effect, at least this year. Applications were slightly below that for the class of 2023, and above those for 2022, IIRC. Fr. B. has said that Fauci is helping in national branding. 840 is above target, My largely uniformed guess is that the target size of the class was around 780. And the regular admission acceptances are weighted toward full pays. I read the letter from the Lafayette College President that purplehaze mentioned in a thread he started. If I were a parent, the letter would strike me as tentative and uncertain in tone. The range of the anticipated drop in enrollment at Lafayette is between 10 percent (low) to 30 percent (high). I have to assume the acceptances for the class of 2024 are not what they hoped.
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Post by hc17 on May 29, 2020 13:09:10 GMT -5
Any idea on how many applied to be members of the 2024 class? Acceptance rate?
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Post by hcpride on May 29, 2020 13:26:47 GMT -5
/\ I was thinking/guessing/speculating we wisely took a few extras (announcement of distance learning was 11 March and email RD acceptances went out 21 March) and our yield was solid - thus we have a few extra bodies making deposits. Good news for HC.
Lafayette's issue is unfortunate. Is it possible they exhausted their entire wait list (or it evaporated on them)? Or perhaps the full pays on their wait list?
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Post by Pakachoag Phreek on May 29, 2020 14:12:45 GMT -5
/\ I was thinking/guessing/speculating we wisely took a few extras (announcement of distance learning was 11 March and email RD acceptances went out 21 March) and our yield was solid - thus we have a few extra bodies making deposits. Good news for HC. Lafayette's issue is unfortunate. Is it possible they exhausted their entire wait list (or it evaporated on them)? Or perhaps the full pays on their wait list? The Lafayette President's letter is dated May 28. The letter says that Lafayette won't make a decision of how it will re-open for the fall semester until August 1. The projected 30 percent reduction in enrollment is the result of going remote learning for the fall semester, and students taking a gap year, or discontinuing their enrollment at Lafayette. I have read on College Confidential that Villanova went to the wait list. According to CollegeFactual, 70 percent of Lafayette's students are from NJ, PA, NY. For HC, only 25 percent from those states. I am wondering if schools heavily reliant on students from NJ and PA are struggling with acceptances for the class of 2024?
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Post by CHC8485 on May 29, 2020 14:19:58 GMT -5
10% - 30% reduction in Enrollment of the class of 2024 or ENROLLMENT? The first is a problem. The second disastrous.
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Post by hcpride on May 29, 2020 14:45:57 GMT -5
/\ I was thinking/guessing/speculating we wisely took a few extras (announcement of distance learning was 11 March and email RD acceptances went out 21 March) and our yield was solid - thus we have a few extra bodies making deposits. Good news for HC. Lafayette's issue is unfortunate. Is it possible they exhausted their entire wait list (or it evaporated on them)? Or perhaps the full pays on their wait list? The Lafayette President's letter is dated May 28. The letter says that Lafayette won't make a decision of how it will re-open for the fall semester until August 1. The projected 30 percent reduction in enrollment is the result of going remote learning for the fall semester, and students taking a gap year, or discontinuing their enrollment at Lafayette. I have read on College Confidential that Villanova went to the wait list. According to CollegeFactual, 70 percent of Lafayette's students are from NJ, PA, NY. For HC, only 25 percent from those states. I am wondering if schools heavily reliant on students from NJ and PA are struggling with acceptances for the class of 2024? Wait list is one thing (BC and Georgetown both took kids I know via wait list this year) but a 10-30% enrollment drop for an incoming class is another. One would think NYC schools might have the biggest issues - I know Fordham is having $ issues (earlier in this thread) but haven’t heard they’ve got a Lafayette enrollment number issue.
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Post by Pakachoag Phreek on May 29, 2020 17:19:06 GMT -5
A link to the May 28 letter from the President of Lafayette . covid19.lafayette.edu/2020/05/28/financial-impacts-and-planned-compensation-changes/____________________ Fr. Boroughs has mentioned that HC is coordinating with the Association of Independent Colleges and Universities in Massachusetts. aicum.org/students-main-page/college-university-profiles-2/Perhaps there is not a similar organization in Pennsylvania, and Lafayette and other Pennsylvania schools are pretty much stuck on their own individual islands. HC is also coordinating with the Patriot League and the Association of Jesuit Colleges and Universities and two or three other associations. The President of WPI is one of 12 university members on Governor Baker's task force on re-opening higher education in MA. I have a much better sense that HC is part of a larger whole when it comes to re-opening. To be sure, I have not read other LC pronouncements with respect to COVID-19 and its impact. But I was specifically struck by the August decision date in her May 28 letter. I have not read of another institution that is that late.
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Post by longsuffering on May 29, 2020 19:17:53 GMT -5
Dr. Byerly did not get Dr. Fauci's memo about clarity of thought and economy of expression. Dr. Dorenkamp introduced me to that concept when he returned the first paper I ever submitted in college, with 80% of the words crossed out. One concept that resonates to me is a hybrid model for college campuses until there is a vaccine. Half the residential students return to campus for the fall semester and live in single occupancy dorm rooms and half the residential students distance learn, and then switch for the second semester. International students and winter sports athletes could stay the whole year and some students who want/need to save money could distance learn the whole year. I suspect that might be medically sound but not fiscally sound.
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Post by KY Crusader 75 on May 29, 2020 20:36:11 GMT -5
Dr. Byerly did not get Dr. Fauci's memo about clarity of thought and economy of expression. Dr. Dorenkamp introduced me to that concept when he returned the first paper I ever submitted in college, with 80% of the words crossed out. One concept that resonates to me is a hybrid model for college campuses until there is a vaccine. Half the residential students return to campus for the fall semester and live in single occupancy dorm rooms and half the residential students distance learn, and then switch for the second semester. International students and winter sports athletes could stay the whole year and some students who want/need to save money could distance learn the whole year. I suspect that might be medically sound but not fiscally sound. Dr Fauci is one of the best speakers of the English language that I have heard--clear, to the point, parsimonious with his words, a great communicator.
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Post by matunuck on Sept 4, 2020 7:51:58 GMT -5
So anyone know the final admissions stats for the class of 2024? Total apps? Early admit apps? Acceptance rate for early/regular? Yield rate? Etc ...
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