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Post by JoeFedorowicz on May 20, 2024 13:04:39 GMT -5
I reallllllllly don't want to get into it but what could have changed from fiscal 2021 to now to make this happen
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Post by GlitterBro #2 on May 20, 2024 13:23:42 GMT -5
Only other available public filing right now is fiscal 2022, her first full year. They operated $15M in the black then...down from the $20M the year before. Not close enough to it to know what happened in 2023, but clearly something big to drop them to a $16M deficit.
This decline is actually similar to what happened here in her first years if you look at our 990s where we went from $7.4M in the black the year before she arrived, to $4.4M her first year, to $990K her second year...ultimately dropping to a deficit in her 4th (FY 2019).
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Post by JoeFedorowicz on May 20, 2024 13:29:28 GMT -5
Xavier publishes their enrollment data and makes it really easy to find. I don't think La Salle has something like this.  Pretty clear to me what the problem is though. They lost roughly 19% of their students. I bet a lot of other schools are in the same boat. |
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Post by crayzeeguy on May 20, 2024 13:36:37 GMT -5
As someone whose father was a University employee during her tenure (now retired), this makes me smile
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Post by blueandgold on May 20, 2024 14:34:25 GMT -5
Lots of schools facing enrollment concerns right now, in part due to a FAFSA issue impacting everyone. Curious if that budget deficit is coming or current.
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Post by thelasallelunatic on May 20, 2024 14:54:00 GMT -5
Lots of schools facing enrollment concerns right now, in part due to a FAFSA issue impacting everyone. Curious if that budget deficit is coming or current. What's going on with FAFSA? |
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Post by jb71 on May 20, 2024 15:11:52 GMT -5
HAHAHAHAHAHAHAHAHA XU Addresses $16M Budget Deficitxaviernewswire.com/2024/02/23/xu-addresses-16m-budget-deficit/Xavier administration has launched the Sustaining Excellence project, where the consulting firm McKinsey & Company will conduct an eight-week investigation into the university’s performance.This will inform the university’s response to its $16 million budget deficit.For comparison (from public tax filings), Xavier operated $20M in the black in 2021, the year before she arrived. Interesting that they've targeted the custodial staff....same playbook formulated at La Salle: xaviernewswire.com/2023/11/15/front-campus-cleaning-services-rolled-back/With respect to changes seen as a result of this initiative, Chatterjee suggested that it is telling of the university’s priorities during a time of financial uncertainty.
“Within postcolonial literature, management of garbage has everything to do with societal priorities and commitments. Indeed, lack of cleanliness infrastructures have often signaled a coming of crisis — a sign of social and political brittleness. In a similar vein, at an institutional level, when trash becomes visible it appears to portend a certain crisis that is yet to come,” she said.I wonder if they have art to sell... |
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Post by 23won on May 20, 2024 18:25:41 GMT -5
If MCKinsey Is doing a deep dive I think you will see Colleen in another uniform/scarf color combination soon
IMO she attracts new students at a rate lower than the number (especially legacy of alums) that she alienates. It could be 19% or more at X. The consultants will figure it out. I think the real net attrition rate at La Salle was much higher but our bod moved glacially and X’s looks far more proactive
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Post by JoeFedorowicz on May 20, 2024 18:36:17 GMT -5
What are good comps for Xavier. I’ll do theirs next. I think the decline is universal.
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Post by hykos1045 on May 20, 2024 20:43:21 GMT -5
People are having fewer kids, and fewer kids are electing college. This isn't just a "Colleen" problem.
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Post by thelasallelunatic on May 20, 2024 20:44:17 GMT -5
People are having fewer kids, and fewer kids are electing college. This isn't just a "Colleen" problem. I'm trying to make up for this... maybe I won't get snipped. |
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Post by explorerburger on May 21, 2024 8:07:39 GMT -5
This has become the new "if only Donnie hadn't gotten sick."
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Post by JoeFedorowicz on May 21, 2024 8:08:32 GMT -5
People are having fewer kids, and fewer kids are electing college. This isn't just a "Colleen" problem. Don’t let the obvious get in the way of the narrative. |
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Post by calsufan on May 21, 2024 9:10:56 GMT -5
What is the f*cking big deal here? The gleefulness is absurd. She’s gone, get over it already.
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Post by GlitterBro #2 on Jun 3, 2024 12:18:29 GMT -5
Lots of schools facing enrollment concerns right now, in part due to a FAFSA issue impacting everyone. Curious if that budget deficit is coming or current. What's going on with FAFSA? This will give you a primer, but the whole rollout of the "streamlined process" has been a debacle, and it really affects a lot of students La Salle targets: Federal data shows those most affected are lower-income applicants and first-generation college students who are often more dependent on financial aid.
"It's concerning, FAFSA numbers are down this year," Loeben said. "Disheartening. The college process is already so complicated and expensive and daunting, and this year just made it even more unattainable to those families who are really relying on the financial aid."
Liz Kennedy Walsh, a senior vice president overseeing enrollment management at Saint Joseph's University, said there are 185 applications still frozen in the school's pipeline. She said they can't process them because of paperwork errors primarily caused by glitches in the system.
www.cbsnews.com/philadelphia/news/fafsa-financial-aid-delays-college-deadlines/ |
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Post by big5explorer on Jun 6, 2024 21:19:06 GMT -5
People are having fewer kids, and fewer kids are electing college. This isn't just a "Colleen" problem. Not sure I agree with this. In 1980 25% of young adults were enrolled in college. Now it is about 38%. www.bestcolleges.com/research/collegeenrollmentdecline/#:~:text=on%20college%20students-,College%20Enrollment%20Rate%20Over%20Time,compared%20to%20the%20previous%20decade. While a decent number of schools are facing headwinds, it isn't a majority of schools. Having 3 kids in college now, and having visited about 20 schools on college visits over the last 4 years with our kids, I can attest that a lot of schools are not having enrollment issues. Or donation issues. Or endowment issues. UConn, for example, had 52,000 applicants for the freshman class this year. University of Vermont, James Madison, Penn St., Boston College, Rhode Island, Boston U, Elon, Pitt, Duquesne, Miami, U of Tampa, and some others we visited, all seem to be thriving. And on nearly every campus we've visited, there is active construction of one, or more, new buildings campus. |
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Post by JoeFedorowicz on Jun 7, 2024 6:57:25 GMT -5
Run a reference line with operating costs though. As tuition rose tremendously in the 90s, schools flush with cash created country club living and immaculate learning facilities. A flattening of the enrollment curve, seen over the last 10 years, have created these deficits because of prior commitments and also an inability to trim spending.
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Post by hykos1045 on Jun 7, 2024 7:02:21 GMT -5
People are having fewer kids, and fewer kids are electing college. This isn't just a "Colleen" problem. Not sure I agree with this. In 1980 25% of young adults were enrolled in college. Now it is about 38%. www.bestcolleges.com/research/collegeenrollmentdecline/#:~:text=on%20college%20students-,College%20Enrollment%20Rate%20Over%20Time,compared%20to%20the%20previous%20decade. While a decent number of schools are facing headwinds, it isn't a majority of schools. With a lot of the Private and parochial feeder schools closing, and online school being put into place well after 1980, I'm not sure but I'm assuming that "38% of young adults" is on a much smaller denominator than 1980's. |
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