Friday, June 21, 2024

Coming Home to Roost

 

The headlines have been filled with money problems at colleges and universities in our area and across the state.  There are consolidations and cutbacks.  A couple of institutions were in danger of closing altogether.  Some, elsewhere in the state, have shut down.

Even with grants and loans, paying for a college education isn't easy.  I was lucky.  It didn't cost a huge amount in my day.  I think my four years at Marywood cost about $ 12,000.  Yes, pricey at the time but a tremendous bargain now.

Here is my point.  Many businesses, including the Commonwealth of Pennsylvania and the Pennsylvania State Police no longer require a college degree.  Yes, it does get more people in to the work force, but who is going to pay the piper for that?  The answer, colleges and universities.

I will concede that many institutions of higher learning didn't pay enough attention to demographic and economic trends.  They are pricing themselves out of existence.  They built too much, too fast.  They didn't adapt to the times and the needs of the economy.

Those were the days, my friend.  We'd thought they'd never end.