Financial Troubles at St. Joe's in Philly

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RF1
Ernie Calverley
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Financial Troubles at St. Joe's in Philly

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http://www.philly.com/philly/education/ ... dents.html



Nicholas Paolizzi, the student body president, says he nearly jumped out of his chair at a January meeting when he heard the plan to take more freshmen, raising the acceptance rate to between 88 and 92 percent. The rate had been 78 percent.

The university also reduced budgets campuswide by 4.2 percent and eliminated 35 positions.
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Maineiac66
Abdul Fox
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Re: Financial Troubles at St. Joe's in Philly

Unread post by Maineiac66 »

This is not a problen unique to St Joes. As the population continues to age the pool of college age students will continue to diminish. It will especially hit the lower tier private colleges that will become less affordable. The Ivies and elite private schools will do just fine as will the large flagship state universities. Still most state university will need to adjust. In Maine we have seven four year campuses in a state with a population of 1.3 million. We really should be closing two of them and combining others with the community colleges, but the political will is not there. Instead, it's death by small cuts to the whole system.
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