This is sort of a perfect storm for refund requests: apnews.com/f18a0a48925a19…
The money is ~spent. COGS for college education rounds to zero; it's structurally CAPEX and OPEX.
The money is ~spent. COGS for college education rounds to zero; it's structurally CAPEX and OPEX.
The dollar amounts are high enough to motivate a lawyer, even on a single case.
You can trivially find thousands of plaintiffs who have substantially identical facts. The facts are *extremely* favorable to them.
The colleges have deep pockets but in many cases not deep enough.
You can trivially find thousands of plaintiffs who have substantially identical facts. The facts are *extremely* favorable to them.
The colleges have deep pockets but in many cases not deep enough.
I think people don't appreciate, when they hear about e.g. Harvard with the $X0 billion endowment, that most universities *don't have endowments*.
There is *no equity layer to take losses.* They commit to paying a dollar every year for 30 years; they take in a dollar a year.
There is *no equity layer to take losses.* They commit to paying a dollar every year for 30 years; they take in a dollar a year.
Maturity transformation is a dangerous business to be in, regardless of whether you do share buybacks or not, and many more organizations are engaged in it than believe they are.
