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I've been in #HigherEd since 2000 in some kind of staff, faculty, or admin position, and this thread correlates strongly with my sense of its overall economic environment and trends. Devereaux's four horseman analogy fits. /1 https://twitter.com/BretDevereaux/status/1295909929228873728
These financial pressures hit hardest in arenas where the return on investment is hardest to quantify: the liberal arts. Almost everyone in business & STEM recognizes the liberal arts' value, but ... /2
...as of today no one has developed a universally satisfactory equation to assign them a reliable monetary value. Either that, or no one has retroactively assigned calculated values back into monetary balance sheet for liberal arts education. /3
Related/addendum: "Plaintiff does not dispute the wisdom or the undeniable necessity of Loyola's decision. Nor does she dispute that throughout the spring semester, her son continued to receive instruction in the courses he selected, from the same... /4 https://www.law360.com/classaction/articles/1301586/loyola-urges-to-toss-tuition-refund-suit-over-virus-closure
"...renowned faculty, and continued to earn credits towards his degree,"..."Instead, plaintiff complains that for part of one semester, her son did not have the [hoped-for] on campus experience ...Plaintiff's disappointment is understandable, but not legally cognizable." /5
