As an industry, we have not done anything like this before. Our goal is simply to increase public understanding of the broad role that higher education has played in the past and must continue to play in the future. |
But on balance, one comes to the conclusion that this is a sad step in the history of the student loan program. |
Essentially, they're going to reinvent Tulane. The kinds of changes they are likely to make would be the most significant restructuring of any American college or university in the last century. |
For most colleges and universities, tuition is the largest share of revenue. If you're getting 80 percent of your revenue from tuition and you lose half your students, you're facing enormous difficulties. |
It is going to affect anyone who makes or takes out a student loan. |
Public policy has largely ignored these issues for a generation, and it takes awhile to undo that level of neglect. |
The federal government will spend $12.7 billion less on student loans in the next five years than they would otherwise have done. It will be felt. |
We are witnessing an unprecedented outpouring of support to enroll students. We've never seen anything like this before. |
We fear that the FCC order will make every college and university replace every router and every switch in their systems. The cost of doing that is substantial. |
You don't want to say the news is all bad. It's a decidedly mixed bag. |