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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Right. matched
So a couple of things. matched
If schools are closing, then you might have leverage returns to the schools that remain open. matched
You know, so if we have, in some cases, oversupply in some parts of the country, well, as more schools close, then that means fewer options for consumers. matched
And so that may, you know, return some leverage to the schools to charge higher prices. matched
Also, state budgets. matched
You know, I mentioned that states have been increasing aid in recent years as the economy improves. matched
But anyone who looks at state budgets knows that there's a storm down the road where there's going to be a lot of pressure on states to rein in their spending or find ways to cover health care costs, pension costs. matched
We do have an aging population, and these expenses associated with people entering retirement age are really going to hit states hard in the next few years. matched
And when that happens... matched
the expectation is states are going to cut other types of discretionary spending like higher education. matched
So if states start to cut their direct funding to higher education, you might see colleges, as they have in the past, raise tuition to try and offset those cuts. matched
So look for that to possibly happen in a few years. matched
And I must also point out that matched
There are some schools that are still charging a premium. matched
A lot of these prestigious private colleges, for example, people are willing to pay a lot of money to go there because if you go there, you do have a decent chance at getting a well-paying job. matched
So there is still a decent return on investment when you go to school, particularly at some of these prestigious schools. matched
So that still allows these schools to charge higher prices. matched
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