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| Name | The University of Chicago has the best business school in the world. So why are they broke? |
| Video Uploader | Video From Inside China Business |
| Upload Date | This Video Uploaded At 26-03-2024 16:25:18 |
| Video Discription | Universities in the US are under severe financial stress, as enrollment is plunging. Students from wealthy Chinese families are choosing to study closer to home, and enrollment from US students is falling. Universities across the country are slashing professor positions and administrative staff jobs, and even closing campuses. This all comes at a time of collapsing public confidence in higher education among the general public. None of this is a problem at the University of Chicago, however, where enrollment is rising, students are applying in record numbers, and they are pushing up tuition costs. But soaring expenses, administrative bloat, and a capital structure that is too dependent on floating-rate loans have left the university with huge deficits. The same institution that is ironically home to the "Chicago Thought" school of economics and is where Barack Obama once held a position as instructor of Constitutional Law, has painful choices to make. Resources and links: University of Chicago under severe financial pressures maroon.com/40872/news/expect-growing-pains-university-presentation-reveals-severe-financial-pressures/ https://www.chicagobusiness.com/education/university-chicago-deficit-and-debt-raise-alarms-some-faculty-members Chart, cost of education vs inflation rate https://www.personalfinanceclub.com/increase-in-college-tuition-vs-inflation/ Survey: Americans' confidence in higher education fall sharply https://news.gallup.com/poll/508352/americans-confidence-higher-education-down-sharply.aspx https://www.chronicle.com/article/public-trust-in-higher-ed-has-plummeted-yes-again University of Chicago rankings https://www.bloomberg.com/business-schools/regions/us/ https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings National universities under severe strain https://www.insidehighered.com/news/business/financial-health/2024/01/25/2024-begins-wave-job-and-program-cuts University of Arizona https://www.nytimes.com/2024/02/21/us/university-arizona-budget-deficit.html Big 10 https://www.forbes.com/sites/michaeltnietzel/2023/03/18/budget-woes-hit-several-big-ten-universities/ Wisconsin https://www.wpr.org/economy/most-university-wisconsin-system-campuses-have-budget-deficit-millions UConn https://www.highereddive.com/news/university-connecticut-budget-cuts-deficit/705546/ UNH https://www.forbes.com/sites/michaeltnietzel/2024/01/23/three-more-major-universities-reveal-plans-for-major-budget-cuts/ SUNY Potsdam https://www.northcountrypublicradio.org/news/story/46371/20220810/facing-3-million-deficit-suny-potsdam-weighs-cuts-to-majors-amidst-leadership-transitions Penn State https://www.spotlightpa.org/statecollege/2024/01/penn-state-budget-cuts-commonwealth-campuses-bendapudi/ CUNY https://www.thecity.nyc/2024/01/12/cuny-mass-layoffs-and-class-cuts/ Can Indian students offset Chinese losses? https://www.bloomberg.com/news/articles/2023-11-13/indian-students-flock-to-us-colleges-offsetting-drop-from-china [1FW53lfgqqY] |
| Category | Science & Technology |
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