Correct. But the funding source for that financial aid grant is much less likely to be based on a full paying foreign student. Sorry for my unclear language.
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And everything’s fine until little miss decides to join a sorority. Those aren’t eligible for 529 funds, they’re not cheap, and they want payment in full right now.
Just keep this in mind for those of you that have one considering the school.
you boys are too positive for me. Back to the premium board.
The way to optimize profitability of any product is with a tiered pricing model. What you see as charity others see as price optimization.
There’s are a ton of really interesting tech startups creating services to help universities make all kinds of decisions using AI to maximize profitability. Hopefully TU is on the forefront of testing these tools. There’s a real opportunity to get a major head start on other schools. I was talking to a company that has a financial aid decisioning tool that increases university revenue by 15% per student, mainly by allocating financial aid to students who are more likely to stay. It’s really cool. There are lots of those out there now.
They do and have in house and contracted professionals scrutinizing the results.
No your individual voice doesn't carry a lot of weight, but what you and the people who are like you (the backbone of TU revenue) are willing to accept does set the bar.
I am quite sure they know when a season ticket holder doesn't show. I am quite sure they know when we have actual butts I the seat that are much less than our season ticket base.
In this case you are much like any voter, individually you aren't carrying a lot of weight but collectively your vote is the deciding factor.
That definitely will give you the best chance at success depending exclusively on one or the other is going to create blind spots.
I hope so. The new technology is way better than what existed a few years ago. Nows the time to be cutting edge. If you’re not using AI, you’re leaving cash on the table. It’s like ad buying. People with good data systems made so much money before everyone else caught up. This will be the same. Computers do this stuff 20x better than humans.
If you’re giving away tuition to potential graduates that will never be able to repay the gift with donations, then it is charity and a poor model.
I pray that the university has a more sophisticated understanding of pricing theory and marketing\branding than you do. You are expressing a moral or ethical opinion that is completely unrelated to the economics of maximizing profitability. This is the “cut your nose off to spite your face” model of pricing in order to fulfill a model of morality. It has no place in any modern business of Any kind.
No morality involved in it... free degrees handed out to majors with no chance of financially benefiting the university in the long haul offer no ROI for the university. I don’t lease minerals from the little old lady because she needs the money, I lease them because my company wants the profit. I don’t pay top tier prices for third tier properties. With that in mind, subsidizing an engineering degree makes more sense than subsidizing a gender studies degree.
How is it that you think every subsidized degree given out will be gender studies rather than engineering.(for example) Is there some factor that scholarship degrees are usually made to people who choose the liberal arts? I haven't seen any studies making that claim.
Companies give free or discounted product or services all the time - because it’s how you maximize profit. There’s no debate about this. Everyone who has ever been involved in pricing knows this. I seriously doubt the university is maximizing profit with its financial aid allocation (see my posts above). But your absolutist positions are ridiculous and are based on things other than profit maximization. Pricing and profit maximization are complicated, your simplistic world view is the exact opposite of what you want for anyone deciding pricing strateguy.
Anecdotal but my degree was HEAVILY subsidized and I have already donated more to the university more than my subsidy because I’ve benefited so much from my college degree (I will be a VP by the time I’m 33 and making far more than I ever expected at any point in my career).
I will say I’m an exception to have donated what I have this early in my professional career but nonetheless, I’m very appreciative of the opportunities my degree afforded me and my personal trajectory far exceeds my relatives because I’m the first college graduate in my family.
I will say I’m an exception to have donated what I have this early in my professional career but nonetheless, I’m very appreciative of the opportunities my degree afforded me and my personal trajectory far exceeds my relatives because I’m the first college graduate in my family.
Thanks. Might I suggest instead of looking at degrees when it come to TU’s long term ROI we look at attracting more students like yourself (and me). Area students are much more likely to stay in the Tulsa area and be involved not only athletics but donations than students from the coasts or international. Subsidizing area students cost of attendance seems to be a smart long term investment imo. No clue if we currently give any type of priority to area students btw.
I agree 100%. I’m not sure how priorities are decided but local students are significantly more likely to be long-term donators and active as alumni, even if they don’t remain in Tulsa post graduation.
Thanks, really didn’t mean to brag but wanted to point out what lawpoke started much clearer. That locals are much more likely to be long term contributors to the university and the subsidies can result in long term appreciation. L
I spent the first 18 years of my life living a mile west of Hwy 75 and a mile south of Hwy 117.
I grew up about three miles from you on the Sapulpa side of 117.
I’m also from small town Oklahoma and couldn’t imagine ever stopping my support of TU. I’m a lifelong-er now.
There was a very high priority given to local students this year. 22 new Freshmen from Owasso alone.
That area on HW 117 and 75 has really grown up, Kiefer keeps growing as well
I also grew up west of 75 just off of 117 but far enough down to be in Sapulpa schools. Hey but that was over 42 years and 5 states ago! Seems there are quite a few of us Creek County Boys on this board!
Kiefer got the death sentence by having to go up to 2a this year, little bit different playing teams like Beggs, Sperry, Victory Christian ect rather than Liberty, Mounds, and Porter lol
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I watched a Kiefer Sutherland movie once, while staying in a Holiday Inn.
Glad Kiefer got the new stadium. In the old days they had to stop the football game when the train went by on the east side.
I used to cover murder trials out there way back in the day. Yay me! Nothing like snapping off pics of a 40-year-old woman who looked 75. Meth is bad, kids.
