Article

2020-05-06 Economy

Harvard Faces $1.2 Billion Shortfall Due To COVID-19

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Posted by g(r)omgoru 2020-05-06 08:53|| || Front Page|| [11133 views ] Top

#1 "Harvard faces shortfall, will offer courses in plumbing, carpentry, electrical wiring and sheetmetal working."

Posted by Matt 2020-05-06 09:27|| 2020-05-06 09:27|| Front Page Top

#2 Maybe if we title it "Industrial Arts", it will be more palatable to the college glitterati and their snowflake spawn.

Posted by Warthog 2020-05-06 09:33|| 2020-05-06 09:33|| Front Page Top

#3 Too many sources of the problem - reduced research grants, reimbursements to students, lower returns on the endowment - for Harvard not to make permanent structural changes to its revenue streams. This means Harvard College will likely become either
- same size as at present, with primarily in-person instruction as before -- but probably twice as expensive as now i.e. a 4-year undergrad degree will cost up to $600,000 (note that about 50% of H. undergrads are extraordinarily wealthy and pay full-freight i.e. no aid at all; their parents are paying $75/yr)

Or

- same price as at present ($75k/year), with relatively little in-person instruction and much more online instruction. But who in his right mind would pay $300k over 4 years for an online degree?

Conclusion: the academic quality of a H. undergrad education will steadily decline. Eventually Harvard College will devolve into little more than a rich kids' club, with only an indirect tie to academic excellence.

Posted by Lex 2020-05-06 09:36|| 2020-05-06 09:36|| Front Page Top

#4 Conclusion: the academic quality of a H. undergrad education will steadily decline. Eventually Harvard College will devolve into little more than a rich kids' club, with only an indirect tie to academic excellence.

There may be some indication that this has already happened - see Recent Harvard Graduates...

Posted by CrazyFool 2020-05-06 09:39|| 2020-05-06 09:39|| Front Page Top

#5 Will there be degrees of degrees, as it were?

Instead of cum laude (which everyone receives now anyway i.e. it's meaningless), H. College could switch to four tiers of degrees:

AB-Gold: in-person instruction only, costs $1m over four years
AB-Silver: primarily in-person, online for intro survey lecture courses only; costs $750k over four years

AB-Bronze: primarily online with one or two in-person courses per year; costs $350k over four years

AB-Charmin: entirely online, with >100,000 concurrent class attendees per session; costs $50k over four years

Posted by Lex 2020-05-06 09:47|| 2020-05-06 09:47|| Front Page Top

#6 Good. After 9-11 they rallied around bin Laden's local family members. Fuck them.

Bin Laden Ties to Harvard
By The CRIMSON Staff
September 13, 2001
With federal authorities investigating Osama bin Laden, Harvard has come under fire as a recipient of bin Laden family money.

Harvard Won't Donate bin Laden Money to Victims

Posted by Woodrow 2020-05-06 10:06|| 2020-05-06 10:06|| Front Page Top

#7 lessee... with a $40B endowment, they should be good for ...oh...33.33 years without any additional income from tuition or CCP bribes.

Posted by Mercutio 2020-05-06 10:50|| 2020-05-06 10:50|| Front Page Top

#8 Change 'over 4 years' to 'each year' and you might be closer to it Lex...

Posted by CrazyFool 2020-05-06 11:13|| 2020-05-06 11:13|| Front Page Top

#9 #2 Or they could just keep the same course titles but change the lecture content.

"Awright, youse guys, welcome to Advanced Gender Studies. Anyone know what dis is? No? It's a saw. And dis long thing here? It's a board. What's dat? No, honey, I dunno if it's a racist board or not."

Posted by Matt 2020-05-06 11:18|| 2020-05-06 11:18|| Front Page Top

#10 ^ eh 'honey' is sexist isn't it? And some of them would get off from cutting off the 'board'....

Posted by CrazyFool 2020-05-06 11:21|| 2020-05-06 11:21|| Front Page Top

#11 Epstein will make it up to them.

Posted by KBK 2020-05-06 19:57|| 2020-05-06 19:57|| Front Page Top

#12 That's a lot of Chinese and they aren't coming back.

Posted by Phusotle Dingle5823 2020-05-06 20:07|| 2020-05-06 20:07|| Front Page Top

23:52 Bobby
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