College Junk Mail Pile-Up
It was the free iPad2 offer in the email from Assumption College that made me think that things have changed. Sign up to learn more about the school by March 31 and register to win.
When did looking at colleges become like signing up for a new checking acount?
If you have a kid thinking about college, and particularly one who has recently taken a college entrance exam, perhaps you know what I’m talking about. I come home and the mailboxes — snail and electronic — are stuffed with promises of a new, exciting collegiate life waiting to be enjoyed. And I’m not including the Facebook and Twitter pitches.
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When the Federal Government makes it easy to borrow money for college, the colleges will keep raising prices and offering the moon. Supply and demand. Will these kids be able to pay off $80K in student loans with $45K a year teaching jobs? No, but it doesn’t matter because the debt will be forgiven and the American Taxpayer picks up the tab.
No worry. Colleges will repatriate Chinese Dollars as part of the last boom in education.
The East Coast needs to market better and offer majors for the Chinese audience. USC is the new model with 8% of the student population Chinese and the Asian student population expected to grow to 25% and 10% Chinese before 2015.
There’s no money in the shrnking middle class wallet of America..USC is flush with dollars!
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