Good news for me, bad news for many others

Many of you know that I am concerned about my job status due to the economics of higher education. The bad news for everyone else is that the median endowment of private colleges and universities is about $8 million. The good news for me is that my school’s endowment is significantly higher than that.

My prediction is that many schools will be closing in the next 20 years. This is obviously bad for them, but it is good news for the schools that survive: they will get some portion of the diaspora. So it seems like my school might be a beneficiary.

Of course, I hope that I am wrong. I hope that enrollments stay high, and that all colleges stay healthy.

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