29.12.16

SHAKING OUT THE EXCESS CAPACITY.

In the course of reading the fallout to a Drexel University professor tweeting something silly about a "white genocide," I learned something encouraging.  "Drexel University will withhold merit raises from faculty and staff this fiscal year as the school continues to adjust to less revenue as a result of an admissions strategy designed to attract fewer, but more serious and better qualified, applicants."  There has to be an optimal level of overbooking (and students sending out multiple applications, and, if they're sufficiently confident, stratifying some as safety schools) and perhaps Drexel are seeking to reduce that sort of gaming.  At the same time, "fewer, but more serious and better qualified" strikes me as a winning strategy.  The excess capacity is among the sub-prime party schools.

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