|
|
Post by GlitterBro #2 on Aug 28, 2023 8:33:35 GMT -5
The cost of La Salle, while lower than other private schools, is still many times the cost of say…West Chester. Funny you mention West Chester. Just saw an article this morning our here in Chester County that West Chester has 3,030 freshmen, their largest class ever, and 1000+ transfer students. (tried to find some historical numbers for them, and in fall of 2005, their freshmen class was 1,901 students - almost a 60% jump in 18 years. Their freshmen class is larger than La Salle's entire undergrad population. |
|
|
|
Post by JoeFedorowicz on Aug 28, 2023 9:30:52 GMT -5
And it should be for Pennsylvania Students. West Chester Full-Time Cost: $23,905.14 La Salle Full-Time Cost: $35,000 (rounded up cause their number didn't include fees) If D1 sports and being in Philadelphia aren't important to you (majors aside), West Chester makes more sense for a lot of people. |
|
|
|
Post by GlitterBro #2 on Aug 28, 2023 12:27:31 GMT -5
And it should be for Pennsylvania Students. West Chester Full-Time Cost: $23,905.14 La Salle Full-Time Cost: $35,000 (rounded up cause their number didn't include fees) If D1 sports and being in Philadelphia aren't important to you (majors aside), West Chester makes more sense for a lot of people. That link for West Chester is old (from 2019-2020) and includes estimated room and board. The actual tuition and fees cost from that link is $10,411 It's gone up slightly since then, but not a ton. For 2023-2024, it's $12,172 with fees added. About 1/3 the cost of La Salle. Does La Salle give 3x the value of a West Chester education (and I know we're talking list price at La Salle....very few actually pay that)? That's our competition, like it or not. |
|
|
|
Post by weston2 on Aug 28, 2023 12:33:45 GMT -5
Buried in yesterday's ( lowest circulation ) Phila. Inquirer Saturday edition " Health " Section ( rather than in the Business, Education or PA Crime ) Sections ). Thomas Jefferson University (TJU ) ' allegedly ' failed to utilize / dispense $5.7 million in federal medical student loan funds, but simply added it to the University's Endowment fund, where it generated $2.7 million in interest from 2009 to 2016. TJU has now returned the $5.7 million to the feds, together with disgorging the $2.7 million in illicit interest / appreciation. Meanwhile, " Of the 25 senior executives listed on Jefferson's website two years ago, only 5 remain in top roles on the current roster of 20 leaders ".Thomas Jefferson University will pay $2.7 million to feds over alleged misuse of student loan money.
www.inquirer.com/health/thomas-jefferson-university-student-loan-settlement-20230725.html?And back in late July......... whyy.org/articles/philadelphia-jefferson-health-layoffs-trim-expenses/ |
|
|
|
Post by JoeFedorowicz on Aug 28, 2023 12:40:13 GMT -5
And it should be for Pennsylvania Students. West Chester Full-Time Cost: $23,905.14 La Salle Full-Time Cost: $35,000 (rounded up cause their number didn't include fees) If D1 sports and being in Philadelphia aren't important to you (majors aside), West Chester makes more sense for a lot of people. That link for West Chester is old (from 2019-2020) and includes estimated room and board. The actual tuition and fees cost from that link is $10,411 It's gone up slightly since then, but not a ton. For 2023-2024, it's $12,172 with fees added. About 1/3 the cost of La Salle. Does La Salle give 3x the value of a West Chester education (and I know we're talking list price at La Salle....very few actually pay that)? That's our competition, like it or not. Thanks for the fix. And no, does not give 3x the value. |
|
louth
Utility Bench Player
Posts: 127
Likes: 328
|
Post by louth on Aug 29, 2023 10:26:22 GMT -5
St Joe’s now competing against our largest school, nursing. This is going to have a consequential impact on our enrollment. What has our alma mater done of consequence to boost our enrollment?
|
|
|
|
Post by weston2 on Aug 29, 2023 12:25:03 GMT -5
|
|
|
|
Post by GlitterBro #2 on Aug 30, 2023 16:43:35 GMT -5
According to this link, we had 800+ move into residence halls over the weekend. Is it me, or does that number seem really low. Anyone remember how many townhouses there were? I'm thinking 75 holding 5 per townhouse. They seem much easier to get into now than when I was there. I feel like we had at least 2000 on campus back in the day, and they built Neumann while I was there because demand was so high. www.lasalle.edu/blog/2023/08/30/explorers-make-themselves-at-home-during-move-in-weekend/ |
|
|
|
Post by nyalum on Aug 30, 2023 16:50:29 GMT -5
According to this link, we had 800+ move into residence halls over the weekend. Is it me, or does that number seem really low. Anyone remember how many townhouses there were? I'm thinking 75 holding 5 per townhouse. They seem much easier to get into now than when I was there. I feel like we had at least 2000 on campus back in the day, and they built Neumann while I was there because demand was so high. www.lasalle.edu/blog/2023/08/30/explorers-make-themselves-at-home-during-move-in-weekend/I believe they guaranteed housing for every student that requested it, if I recall correctly. |
|
|
|
Post by gymrat67 on Aug 30, 2023 20:26:57 GMT -5
|
|
|
|
Post by JoeFedorowicz on Aug 31, 2023 3:24:00 GMT -5
According to this link, we had 800+ move into residence halls over the weekend. Is it me, or does that number seem really low. seems right If La Salle is a 2500 student undergraduate school now...how many of those 2500 are in housing? A third? |
|
|
|
Post by gymrat67 on Aug 31, 2023 13:14:31 GMT -5
*** *** *** *** And the degree doesn’t carry any additional weight. Campus improvements have happened, but are not flashy.** A new business school doesn’t drive enrollment. Is anybody clamoring for ISBT anymore? Is anyone kicking the door in for La Salle’s business program or MBA?These are some of the problems as I see them. If the above is true, when / how did this sea - change devaluation of a degree in business or accounting happen ( in the relatively short period of time since the final decision was made to proceed with the construction of $35 Million Founders Hall in approx. 2014 - 15 ) ? ** not flashy ?  ( November 13, 2013 ) La Salle to build $35 Million , 78,000-square-foot business school
www.inquirer.com/philly/education/20131113_LaSalle_to_build__35M_business_school.html? |
|
|
|
Post by JoeFedorowicz on Aug 31, 2023 15:09:38 GMT -5
Don’t understand your question sorry
|
|
|
|
Post by charmcityexplorer on Aug 31, 2023 16:50:06 GMT -5
The cost of La Salle, while lower than other private schools, is still many times the cost of say…West Chester. Funny you mention West Chester. Just saw an article this morning our here in Chester County that West Chester has 3,030 freshmen, their largest class ever, and 1000+ transfer students. (tried to find some historical numbers for them, and in fall of 2005, their freshmen class was 1,901 students - almost a 60% jump in 18 years. Their freshmen class is larger than La Salle's entire undergrad population. From today’s Baltimore Sun: The Maryland Higher Education Commission projects that enrollment at the state’s public colleges and universities is will rise 15% by fall 2029, as compared to 2019. With a greater demand for student housing this fall, some Maryland institutions are nearing or over capacity, causing them to instill various adaptations, be it squeezing more students into dorm rooms or relying on partnerships with nearby housing facilities. |
|
|
|
Post by JoeFedorowicz on Aug 31, 2023 20:40:35 GMT -5
It’s a 🐓-> 🏠 scenario for a lot of non-elite private schools. It’s why I find St Joes so fascinating. They’ve lowered their standards and keep buying land. Heading towards a too big to fail scenario for them.
|
|
|
|
Post by thelasallelunatic on Aug 31, 2023 21:57:28 GMT -5
It’s a 🐓-> 🏠 scenario for a lot of non-elite private schools. It’s why I find St Joes so fascinating. They’ve lowered their standards and keep buying land. Heading towards a too big to fail scenario for them. Is St. Joes now playing in a different "sandbox" than La Salle? |
|
|
|
Post by JoeFedorowicz on Sept 1, 2023 6:02:03 GMT -5
But they’re not. High-dollar donations have allowed them to make those investments, but their organic enrollment hasn’t risen and they’ve proven they were not planning on sustaining some of the programs offered by U Sciences. www.insidehighered.com/quicktakes/2023/02/08/st-joseph’s-cuts-4-programs-acquired-mergerSooner or later, they’ll have all this land and not enough students because just like West Chester is eating La Salle’s lunch, they’ll eat St Joe’s too. |
|
|
|
Post by GlitterBro #2 on Sept 1, 2023 7:36:41 GMT -5
But they’re not. High-dollar donations have allowed them to make those investments, but their organic enrollment hasn’t risen and they’ve proven they were not planning on sustaining some of the programs offered by U Sciences. www.insidehighered.com/quicktakes/2023/02/08/st-joseph’s-cuts-4-programs-acquired-mergerSooner or later, they’ll have all this land and not enough students because just like West Chester is eating La Salle’s lunch, they’ll eat St Joe’s too. Those are 4 doctoral programs they cut. We're talking about undergrad numbers. PhD candidates aren't living in the dorms. Also those students aren't adding revenue. In the STEM fields, you go free and work for the department as both research and teaching assistants and get a stipend. |
|
|
|
Post by JoeFedorowicz on Sept 1, 2023 7:56:52 GMT -5
Sure, but let’s see if they keep…say….the undergrad to doctorate PT program in a couple years.
|
|
|
|
Post by GlitterBro #2 on Sept 11, 2023 6:41:23 GMT -5
There is a lot to pick apart in this credit rating report on La Salle, much of which has been discussed on here. Reading this, I wonder if it's even worth it to do the arena upgrade. Seems there are bigger issues at hand. Fitch Affirms La Salle University (PA) Revs at 'BB+'; Outlook Remains Negativewww.fitchratings.com/research/us-public-finance/fitch-affirms-la-salle-university-pa-revs-at-bb-outlook-remains-negative-07-09-2023the Outlook remains negative considering the significant amount of execution risk, an expected drop in incoming freshman in Fall 2023 relative to the prior year, and historical reliance on unsustainable levels of draws from the investment portfolio to balance operations that will persist into fiscal 2024. Further, while La Salle has amortized its debt load over time, the university carries debt totaling about $116 million outstanding at FYE 2023 (unaudited), and the debt burden is significant against a contracted revenue base. La Salle has communicated to Fitch that they have no plans for additional debt.La Salle's FTE enrollment fell from 4,430 FTEs in Fall 2018 to 3,028 FTEs in Fall 2022. The yoy decline in FTEs from Fall 2021 was over 8%, with over a 9% decline among undergraduates that make up about 75% of La Salle's student base, and about a 3% decline in graduate FTEs. The Fall 2022 undergraduate decline was partially attributed to a one-time operational mishap, with staff turnover resulting in late recruitment materials sent to Fall 2022 prospects. For Fall 2023, first-time matriculants are projected to be lower than Fall 2022, but ahead of budgeted expectations.Management plans to stabilize enrollment in the coming years, with modest increases, while applying upward sticker price adjustments in part to correct for a tuition price reset that was executed in fiscal 2017. The execution challenges of stabilizing LaSalle's enrollment plans are substantial, given the competitive environment for students in which La Salle operates, the university's regional draw in a demographically unfavorable area and the compounding pressure of smaller class cohorts progressing through the institution replacing larger graduating classes. Demonstrating LaSalle's weak competitive demand position, freshman acceptance rates are above 80% while matriculation hovers around 10%.Further, Fitch acknowledges additional challenges that resulted from multiple senior leadership turnover or vacancies over the past several years. The appointment this fall of a permanent Vice President of Enrollment Management, who replaced the interim appointee from the prior year, should support La Salle's longer-term enrollment strategies.Under direction of a new president who took the helm of La Salle in April 2022, the university successfully completed its 'Charter Challenge' campaign, reaching its fundraising goal of $10 million in FY 2023. In addition, La Salle received a $3.5 million grant from Pennsylvania's Redevelopment Assistance Capital Program. La Salle's internally funded capital plans for the coming years are limited to repair and replacement costs, with any additional funds from external sources to be focused on student-enhancing projects. La Salle's planned divestitures of several excess real estate parcels will also support the university's right-sizing and operational efficiency objectives. |
|
|
|
Post by JoeFedorowicz on Sept 11, 2023 6:46:31 GMT -5
Seems like the outlook remains negative.
|
|
|
|
Post by explorerman on Sept 11, 2023 8:34:24 GMT -5
A lot of downgrades of Universities from the Credit Rating world
|
|
|
|
Post by big5explorer on Sept 11, 2023 8:35:04 GMT -5
|
|
|
|
Post by hoopsguest on Sept 11, 2023 13:02:23 GMT -5
At this point as much as I love basketball and especially La Salle basketball, I could care less about a new arena if the university is in that much debt already
|
|
|
|
Post by explorer88 on Sept 11, 2023 13:11:31 GMT -5
At this point as much as I love basketball and especially La Salle basketball, I could care less about a new arena if the university is in that much debt already Basketball ties me to the school now. Without basketball I would not be tied any longer. I know a bunch of La Salle basketball fans feel the same way. Agree or disagree that won't change. If they are not willing to invest in the program because they can't financially then I would rather them shut the program down or go to D-3 so the rest of us can pack our bags. No reason to lead us fans on any longer. The school was given a gift which allows them to renovate their arena at a discount due to the gift. It appears to be significant enough that school agrees to move forward with the project. Since they told Fitch they have no plans to take on additional debt, then the project is being funded fully by donations and operating cash. |
|
|
|
Post by hoopsguest on Sept 11, 2023 13:34:37 GMT -5
Basketball does tie me to the school in a lot of ways too
That being said I’ve seen too many schools, mostly Catholic, from elementary to colleges, close in the last fifteen years. Some of these schools were older than La Salle and had rich and steeped histories. I care deeply about the mission of the school, the legacy of St John Baptist de La Salle, and the communities the university serves. If the university had to shutter the surrounding community would take a tremendous hit, considering the amount of health services the nursing program provides, as well tutoring and the like provided by students, many of whom are education majors
|
|
|
|
Post by diehardexplorer on Sept 11, 2023 14:37:13 GMT -5
That being said I’ve seen too many schools, mostly Catholic, from elementary to colleges, close in the last fifteen years. Some of these schools were older than La Salle and had rich and steeped histories. can you list those catholic colleges/universities you referenced? |
|
|
|
Post by hoopsguest on Sept 11, 2023 15:49:46 GMT -5
That being said I’ve seen too many schools, mostly Catholic, from elementary to colleges, close in the last fifteen years. Some of these schools were older than La Salle and had rich and steeped histories. can you list those catholic colleges/universities you referenced? The colleges weren’t necessarily Catholic although there have been mergers. The elementary and high schools most definitely have been Catholic |
|
MisterD
The Baptist Himself
Voted Most Popular Poster 2012, 2013, 2015, 2016, 2017, 2018, 2019, 2020, 2022, 2023
Posts: 8,685
Likes: 6,531
|
Post by MisterD on Sept 11, 2023 16:50:06 GMT -5
Any D1 basketball colleges on that list?
|
|
|
|
Post by hoopsguest on Sept 11, 2023 19:05:05 GMT -5
Any D1 basketball colleges on that list? St Francis Brooklyn I think closed |
|
