Ted Dintersmith

You know, like my summer job, we had similar, we both worked at grocery stores for summer jobs, but you know, my summer job, I made enough to cover tuition, room, and board for my last year of college.

Yeah, and so that ratio is really unfavorable now.

You can no longer, even for a public college, a kid can't in a summer job, unless they're an AI consultant or something, but if you just work a standard summer job, you're gonna still be way underwater.

I think you're going to see a lot of the... You know, we tend to just say higher ed as though it's one universal basket of schools offering similar experiences for their kids.

You know, I'm a big fan... I don't know if you've read any of Paul Tuff's books, but Paul is a very thoughtful guy and wrote a book called The Inequality Machine.

And so...

where you teach or the Ivy League schools, their budget per student year to take care of and educate those students is six digits.

They charge 80K and they spend 100, 110, 120K.

There are a lot of colleges where that budget per student year is like 2,500 bucks.

And I think those are very vulnerable today.

And what I'd love to see for the colleges that really do a great job for their kids, I'd love to see them expand the student body size.

You know, like, why is selectivity such an important factor other than it flows into the U.S.

News & World Report?

But wouldn't it be great if these colleges said over the next five years we're going to accept 10x the number of students?

I think that would be interesting.

They certainly could hire great faculty for it, and they've got the money.

And I do like, when I first started working in Boston, you know, to be really direct, Northeastern was sort of like a third-tier college.

And now it's unbelievably hard to get into.

And I just love what they're doing, right?

You know, five years instead of four, two to two and a half years out in the real world in co-ops where you're often making money.