Josh Mitchell
speaker
438 appearances
7 recordings
1 series
first heard Jul 2017
last heard Feb 2022
Josh Mitchell’s voice in public audio — every appearance, attributed to the second.
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Appearances
They're really in the dark in terms of what their enrollment targets are.
They have a goal, but they really don't know whether they're going to be able to meet that goal in terms of the number of freshmen that are in their class.
I was talking to one college enrollment vice president who was telling me that during the last downturn back in 2008, they were really worried that enrollment was going to decline and it actually rose.
And so they actually ended up
Thank you so much for having me.
So it really is a big question mark, and they're really trying to figure out how to prevent a huge decline in the money that they're earning from tuition.
I wouldn't say long term because, again, I think that this was a trend that was already happening, and so this has sort of accelerated what was a preexisting trend.
I think what this has done is people are worried about what the economy is going to look like in the medium term.
So if unemployment is going to be in the double digits for the next couple years –
Do you really spend six figures in tuition not knowing whether that student is going to land a job in that environment that's going to enable that person to pay it off?
Now, there are programs that the government offers called income-based repayment where you can tie your monthly bills to your income.
But that being said, I think people, again, are doing this value proposition.
And so I think what we saw before the pandemic, families were already becoming more price-sensitive, more price-conscious consumers.
the cost of college.
Now they're even more so.
Sure, thank you.
Most people who have federal student loans will not have to make any payments whatsoever for the next six months.
If you normally pay $200 a month toward your student loans, some people pay $800.
That's now money that they can save up or they can spend elsewhere.
So this is really a big deal for a lot of people with student loans.
Showing 221–240 of 438 · page 12 of 22
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