The value probably depends on if another academic institution is interested compared to if somebody wants to build new houses.
The Pullo family probably isn't happy. The Pullo Center is only 10 years old.
FC: Prez Bendapudi announces that campus closures are forthcoming
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The Pullo family probably isn't happy. The Pullo Center is only 10 years old.
Gotta believe there will be Kinsley interest given their involvement in the development of York College.
Penn State releases preliminary Commonwealth Campuses recommendation | Penn State University
Penn State has published the recommendation report regarding the future of the Commonwealth Campuses that President Neeli Bendapudi shared with the Board of Trustees. The recommendation is not final until the board votes on it.
www.psu.edu
““It’s disappointing that a trustee or trustees have prioritized their own self-interests above both the best interests of the University we serve and the people these decisions will affect,” Kleppinger said.”
The university can't keep losing money so I appreciate that they had to do something. Leaks aren't good but Bendapudi already got the rumor mill started when she announced that PSU was going to review this.Penn State releases preliminary Commonwealth Campuses recommendation | Penn State University
Penn State has published the recommendation report regarding the future of the Commonwealth Campuses that President Neeli Bendapudi shared with the Board of Trustees. The recommendation is not final until the board votes on it.
““It’s disappointing that a trustee or trustees have prioritized their own self-interests above both the best interests of the University we serve and the people these decisions will affect,” Kleppinger said.”
I wonder if it would have been better to keep campuses open until properties were sold. It's got to be even more expensive to run them for 2 more years because very few new students will enroll. I can see enrollment going from 600 to 400 to 200 before the campus is closed. Professors will be looking for other jobs and leaving mid term.
I have said this for years already. We have a declining population in the U.S. yet so many universities and colleges are building out like we have a new set of baby boomers coming. I get they have to keep up with the Jones's (other universities) as kids looking at colleges today want all the flash and bang of current society. It's a tightrope walk IMHO... Massive debt with declining enrollment is not a good business model. Unless they are able to convince foreigh students to come here for school in large numbers and take on that debt (tuitition and board) all these schools are going to be fighting for fewer and fewer students. I am sure admittance standards will drop for just getting students in for the money. Going to be interesting to see what schools survive these debt problems going forward.
What I hear you saying is that Americans need to have more sex for the sake of our higher education system. Can sex be incentivized?
Sure wasn't China paying people to have less sex and kids. Russia, South Korea and Singapore are paying to have more kids and eliminate declining populations. You need to get to Russia or Korea and get busy, make lots of money while having a bunch of little Bob's running around the country.What I hear you saying is that Americans need to have more sex for the sake of our higher education system. Can sex be incentivized?
You’ve got hand… and you’re gonna need it!What I hear you saying is that Americans need to have more sex for the sake of our higher education system. Can sex be incentivized?
Oh the irony.....Surma, Peetz, Frazier, shall I go on?Penn State releases preliminary Commonwealth Campuses recommendation | Penn State University
Penn State has published the recommendation report regarding the future of the Commonwealth Campuses that President Neeli Bendapudi shared with the Board of Trustees. The recommendation is not final until the board votes on it.
““It’s disappointing that a trustee or trustees have prioritized their own self-interests above both the best interests of the University we serve and the people these decisions will affect,” Kleppinger said.”
It's sad that kids choose a college based on all the glitter. There are a lot of things you can learn in a simple building with computers. Things like programming, accounting, advertising, etc. Things like medicine and engineering might require more equipment but they don't require museums, swimming pools, fountains, overly fancy cafeterias, luxury fitness centers, etc.. I saw the Michigan even has napping stations. Those are the things commonwealth campuses don't have and I assume it's a big reason a lot of kids don't want to go there in spite of the cost advantage.
I'm not trying to defend the BOT but a lot of what universities are doing is providing what the consumers (students) demand.
There's been an amenities arms race with colleges for years. The old model of a shared, one room dorm with communal bathroom facilities doesn't cut it anymore.
The daughter of a high school classmate went to Mizzou, and they have an indoor waterpark with a beach and a lazy river.
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Yep, and I think that's a big problem. A lot of these kids are taking on so much debt that it hangs over them for decades.
And there are kids and families that are willing to go spartan to make it work, but there isn’t a lot range offered, and it’s not likely to be because it would result in uncomfortable “social class” dynamics.
As for the rest of facilities, it’s impossible to offer both lower and higher options.
Do you need an incentive or just a blue pill?Can sex be incentivized?
These numbers were a bit shocking to me; for 2024, PSU's overall acceptance rate was 79%. It was 50% at UP (believe this number was in the 30's when I applied in the 90's). The yield is only 15.6% at UP and 17.4% overall. This is similar to Pitt as far as I can tell, but they don't have anywhere near the branch campus infrastructure to make much of a statistical difference to 'main campus' admissions. I found the following and took a quick look at Purdue, and their yield rate is almost 30% with similar acceptance rates.
www.ivywise.com
Yield Rates for the Class of 2029
Learn what yield rates look like at different colleges as well as insights into why yield matters for students and colleges.
www.ivywise.com
I hope they plan to move this to either Scranton or Hazelton. I know it is a popular Major here in NEPA.
Penn State's Yield has dropped precipitously - I've been tracking and discussing that for the better part of a decade.
It is the lowest in the Big 10.
There are many reasons why that is so.
There are many negative outcomes because it is so.
Unless and until the underlying issues are cured or at least mitigated, it will continue to be an ever-growing problem.
That isn't rocket science.
It is the lowest in the Big 10.
There are many reasons why that is so.
There are many negative outcomes because it is so.
Unless and until the underlying issues are cured or at least mitigated, it will continue to be an ever-growing problem.
That isn't rocket science.
Clarified for myself: a college’s yield rate is the percentage of students accepted who actually enroll.
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Heard people at the gym talking about PSU-WB closing…supposedly the agreement on the parcel of property is that if PSU closes, property must be kept as an educational facilityI hope they plan to move this to either Scranton or Hazelton. I know it is a popular Major here in NEPA.
Applicants fall into 3 categories:These numbers were a bit shocking to me; for 2024, PSU's overall acceptance rate was 79%. It was 50% at UP (believe this number was in the 30's when I applied in the 90's). The yield is only 15.6% at UP and 17.4% overall. This is similar to Pitt as far as I can tell, but they don't have anywhere near the branch campus infrastructure to make much of a statistical difference to 'main campus' admissions. I found the following and took a quick look at Purdue, and their yield rate is almost 30% with similar acceptance rates.
Yield Rates for the Class of 2029
Learn what yield rates look like at different colleges as well as insights into why yield matters for students and colleges.
A applies
B applies
C applies
A+B+C = number of applications (which is, generally, rather meaningless)
A is accepted
B is accepted
C is not accepted
A+B / A+B+C = equals "Selectivity" or "Acceptance Rate" (generally, the more "C" you have, the more a school may be considered "prestigious", but there is a lot of variation there, based on quality of the applicant pool)
A does not accept offer, does not enroll
B accepts offer, and enrolls
If you are 80% Acceptance Rate and 20% Yield, that means for every 100 kids:
A = 64 accepted, but do not enroll
B = 16 accepted and enroll
C = 20 not accepted
Generally (though there is plenty of individual variation:
The As are the highest quality applicants
The Bs are the second tier applications
The Cs are the lowest tier applicants
So those two figures - in combination, kind of tell you where your "quality" is. With variation, of course... largely based on the quality of the original applicant pool (ie, Stanford starts out with an entire pool that is probably nearly completely higher quality than just about every applicant to Mississippi State)
Penn State certainly is not immune to this. I've seen a lot of students lament how one should avoid dorms that do not have air conditioning and my reaction is like "what for the 2 weeks of the school year where it is hot enough to even warrant A/C?" I mean is putting a fan in the window really that much of a burden?
I believe that a lot of dorm remodels at PSU have moved to a more "pod style" system where the communal bathrooms have individual sections that can be locked off with shower/toilet/sink for privacy. Seems ridiculous to me and a waste of money but is definitely something that plays a role with today's applicants. When we go on college tours anywhere, there's always a discussion of which dorms are updated or "the best". And also a lot of talk about how dining halls have updated food and how good they are, etc.
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That probably worked for many current CEOs and PSU board members!
Have you been tracking that as much as, or more than, the goodwill on PSU's balance sheet?
That's one thing I've been wondering about. Both Scr and WB had significant land donated. Educated guess by connected families in the area like Scranton, Conyngham and others. How are those deads written plus zoning in those suburban/rural areas.
Then maybe they’ll turn the property over to the state or another muni for re-use?
I imagine the land is a financial black hole if the local campus closes.
Oh, trust me I know. When they renovated North Halls, they took three, two person rooms and turned them into a three room suite for four. All of the new off campus housing is high end. Granted, I agree that you need to adapt to changes. I’m old enough to remember phone booths in the HUB and typewriter closets in West Pattee. Some upgrades make sense, other would make me raise four eyebrows if I had them.
All I know is Florida Atlantic University (FAU) by me here in Boca Raton, FL has incredible dorm life and I ride my bike through campus if I had this type of "dorm" life I am not sure I would have gone to class and graduated.... this is @BobPSU92 type of student life...
Every argument for closing these campuses will be made in the future for closing UP.
How much longer does UP have? 10 years? 20? Just wondering how much mileage we’ll get out of the $700 MM stadium renovation.
Penn State is just part of the Industrial Educational complex. Schools existence is based upon the amount of income they can generate. Too many schools pursuing too few students. So it’s a race to see who can build the best 5 star resort school. When I attended Penn State (UP) most students were there to get an education, period. Those who weren’t were soon gone. No air conditioned dorms or really any other fancy accoutrements other than the newly built IM building, which pales in comparison to the workout facilities most universities sport today.
Many universities try to recruit out of state and foreign students because that’s where the money is and helps pay the bills for palatial digs. Foreign tuition > Out of state tuition >In state tuition. State universities for the most part no longer serve the state’s population but instead need any source of funding available to survive. My brother in law is the CFO of a medium-large midwestern state university with a good academic reputation. I overheard his phone call with the university president and they were discussing how to recruit more out of state and foreign students, no matter what their academic abilities were. I’m sure this goes on at many universities. A major newspaper in the state did an investigative article about the university and found that 13% of the undergraduate student population was from communist China.
This what Penn State is up against and why PSU has such a large out of state student population. And also part of why the academic standing of the university has been dropping.
Many universities try to recruit out of state and foreign students because that’s where the money is and helps pay the bills for palatial digs. Foreign tuition > Out of state tuition >In state tuition. State universities for the most part no longer serve the state’s population but instead need any source of funding available to survive. My brother in law is the CFO of a medium-large midwestern state university with a good academic reputation. I overheard his phone call with the university president and they were discussing how to recruit more out of state and foreign students, no matter what their academic abilities were. I’m sure this goes on at many universities. A major newspaper in the state did an investigative article about the university and found that 13% of the undergraduate student population was from communist China.
This what Penn State is up against and why PSU has such a large out of state student population. And also part of why the academic standing of the university has been dropping.
Got an email from the alumni association to meet with a rep over coffee.
Same here. She must be doing the DMV swing.Got an email from the alumni association to meet with a rep over coffee.