Miami University, one of Ohio’s 14 public universities, expects about 4,100 first-year students this fall. It enrolled 4,184 first-years last fall.
University of Cincinnati, also a public school, expects about 8,900 freshmen, compared to 8,700 last fall
So, that’s not good news for X but pretty good for Miami and UC. I think Miami is affordable for in-state and OOS for Chicago and East Coast kids … I have a relative who will be a first-year at MU this fall, and chose Miami OOS over Penn St, Clemson and Va Tech because it would be about $100K cheaper over 4 years. Also will be getting a damn good education, to boot!
Ouch. Most mid-size Catholic universities don’t have huge endowments because they focus on providing financial aid in the here and now. Xavier seems to be in that boat with an endowment value around $270m. Couple that with enrollment that is down over 20% within a decade, and you’ve got a university that could be heading for major financial reckoning in a couple of years.
Are there figures as to applicant trends? Conceivably a school could have much fewer applicants but relax the admission requirements to reach a goal/quota?
I probably need to change my moniker to Carm_in_Chicago now, but there are many kids here in Chicagoland who graduated this year and are going to Miami or University of Dayton. Seems like the Catholic schools are Notre Dame (which is crazy expensive … 2.5x Miami tuition and meager fin aid), DePaul, Marquette and UD.
Haven’t heard of any kids considering Xavier.
DevilGrad: What is Duke U undergrad tuition going for these days?
Carm – We regret to inform you that the full, undiscounted cost of attendance at Duke for next year will be a few bucks shy of a hundred grand. However, they do have pretty good financial aid, including now being tuition-free/no-loans for any student whose family has a household income under $75,000.
OUCH! You’re supposed to go to college to be able to pay for a house, not go to college to pay the same amount of money for your degree that you would for a house!
Eight of the eleven NESCAC colleges have endowments in excess of a billion dollars. All but Tufts have enrollments of 3,000 or less. Tufts has about 6,000 undergrads. They have lots of money to defer the cost of attendance if you can get into one.
That was a great article. WIU/Macomb is probably the poster child for the issues facing a lot of third-tier colleges in northern states with aging demographics. Gen X was the smallest relative generation in US history, their kids just can’t match the numbers of the Boomer (Millennial) children.
Thankfully Miami’s student base has long been diversified across the Midwest and Northeast so we’re not overly dependent on the Cincinnati/Dayton corridor. Can’t say that the likes of Akron or Ball State will be as lucky.
This isn’t terribly different than 25 years ago. I came to Miami (from Chicago Catholic HS) with ~8 or 9 classmates. Maybe 4-5 went to Dayton and 1 or 2 to X. Shoot New Trier was ~10 to Miami and 0ish to the Catholics.
I’d be curious to see how the trade school enrollment looks. Maybe we’re finally letting kids know that trades are actually more lucrative that 90% of college degrees.
I’m going to highly encourage my kids to look at the trades or military rather than college, unless they want to learn engineering or some that ONLY a college can provide
