Colleges: Adjust Tuition or Kiss Alumni Donations Good-Bye

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  • Well said, Hank. As Warren Buffett warned: “It’s only when the tide goes out that you learn who’s been swimming naked.” Fewer students and donors want to get in the pool with college and university leaders who have been trying to hide behind overpriced degrees instead of mentoring students to develop a strong sense of calling, credible credentials, and career paths relevant to the modern economy. Time and money spent earning a degree in business or finance is often much better spent earning a CPA, CFA, or similar credential focused on needs in the marketplace. Time away at college is often better invested in developing mature relationships and meeting real needs in the local marketplace. Thanks to technology, the tide has shifted to favor students who focus on cultivating loving relationships in their local communities while pursuing excellent low-cost online education from the best institutions.

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