Paul L. Caron

Tuesday, March 31, 2020

A Third Of MBA Admits May Defer; 43% Want Tuition Lowered If Classes Are Online

Poets&Quants Survey, A Third Of Admits May Defer, While 43% Want Tuition Lowered If Classes Are Online:

CoronavirusThe disruption caused by the coronavirus pandemic is fueling a lot of anxiety among MBA applicants, admits and students in the top MBA programs. Roughly a third of prospective students already admitted to top business schools say they may want to defer their admission this year if classes fail to return to campus in the fall. Even more worrisome for B-schools, 43% believe tuition fees should be cutback by an average of 37.5% if the first part of their MBA program is shifted online due to the pandemic.

The results come from a Poets&Quants survey of more than 300 current admits to top MBA programs this year. Some respondents believe their tuition bills should be cut on a prorated basis for the time they are denied a more fully immersive on-campus learning experience. Only 17% of the prospective MBA students say they would be okay attending online classes, while 96% say that missing out on the full on-campus experience such as face-to-face classes, participating in co-curricular activities, building a network with peers and relationships with faculty is a major concern. ...

While there have been no public protests by B-school students over paying campus tuition rates for virtual class sessions, more than 2,200 students at New York University’s Tisch School of the Arts have signed an online petition asking for some of their tuition money back because they say remote instruction classes aren’t what they paid for. The annual tuition at Tisch, $58,552 is similar to what it would be at most of the prestigious MBA programs.

For complete TaxProf Blog coverage of the coronavirus, see here.

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I hope all of you in Higher Ed pay close attention to this article and think about the future.. As an investor, I wouldn't be buying school bonds.

Posted by: Dale Spradling | Mar 31, 2020 3:29:08 AM