[BostonCard]

NY Times had a piece on colleges and universities

https://www.nytimes.com/2020/04/15/us/co...sions.html

Ms. McCarville, the student in Phoenix, said the coronavirus had made her more sensitive to price over marquee names, and to the value of being close to her family. Although her dream schools, Skidmore in Saratoga Springs, N.Y., and Loyola Marymount in Los Angeles, offered her scholarships, tuition at Arizona State was cheaper, and the overall package was better.
In the past, that might not have mattered to her. But after the coronavirus, it does.
“I would rather go to the least expensive school possible,” Ms. McCarville said, “just so I minimize my debt when I enter the work force, and I’m not in over my head in a very uncertain situation.”

I don't know how typical the anecdote is, and it is understandable.  That being said, students who went into college during the financial crisis, came out in 2012 or 2013 when the job market was improving significantly, and the economy was creating ~150,000 jobs a month.  As horrible as this recession/depression is, things will look very different in 2024 when these students graduate.  I just hope it is for the better.

BC

[BostonCard]

NY Times had a piece on colleges and universities

https://www.nytimes.com/2020/04/15/us/co...sions.html

Ms. McCarville, the student in Phoenix, said the coronavirus had made her more sensitive to price over marquee names, and to the value of being close to her family. Although her dream schools, Skidmore in Saratoga Springs, N.Y., and Loyola Marymount in Los Angeles, offered her scholarships, tuition at Arizona State was cheaper, and the overall package was better.
In the past, that might not have mattered to her. But after the coronavirus, it does.
“I would rather go to the least expensive school possible,” Ms. McCarville said, “just so I minimize my debt when I enter the work force, and I’m not in over my head in a very uncertain situation.”

I don't know how typical the anecdote is, and it is understandable.  That being said, students who went into college during the financial crisis, came out in 2012 or 2013 when the job market was improving significantly, and the economy was creating ~150,000 jobs a month.  As horrible as this recession/depression is, things will look very different in 2024 when these students graduate.  I just hope it is for the better.

BC