I find this story terribly amusing. Cheyney University is one of PA’s state run universities. The others include Penn State, West Chester, Kutztown, and Shippensburg. It seems Cheyney is essentially bankrupt. None of the other 13 state universities are in dire financial straits. The other 13 have one thing in common. They allow white kids into their university. Cheyney is an all black university, whose enrollment has dropped from 3,000 in 1983 to 1,000 today.
With a graduation rate of 9%, it sounds like a top notch educational institution with brilliant students. Well at least Obama’s student loans are going to good use – drugs, malt liquor, and iGadgets. Of course none of these loans will be paid back – but don’t worry you are on the hook.
Their master plan is to increase their recruiting efforts. I’m sure the Phila School district, with its 50% graduation rate and average score of 700 on the math and verbal SAT will be a great place to recruit. They should offer an ounce of crack cocaine for every application.
When will the farce of supporting black people with the hard earned money of white people so they can feel good about themselves end? This joke of a university should be shut down today. Is that racist?
Oldest U.S. black college on verge of financial collapse
By David DeKok
HARRISBURG, Penn. (Reuters) – The nation’s oldest black college, Cheyney University, one of Pennsylvania’s 14 state-run universities, is on the verge of a financial meltdown that threatens its ability to continue operating, a state official said on Wednesday.
Cheyney’s student body has shrunk by two-thirds, to about 1,000, since its 1983 peak, and its four-year graduation rate is just 9 percent. A quarter of students never receive a degree, and student loan defaults are high.
“Cheyney is in dire, dire, dire straits,” the state’s auditor general, Eugene DePasquale, said. The university has had a deficit for four of the last five years, growing to a cumulative $12.3 million shortfall as of June 30, 2013.
Cheyney’s fiscal problems – students who are unable to repay debt and increasing pension costs – were exacerbated by cutbacks in state higher education funding.
DePasquale called upon the State System of Higher Education – the governing body for the state-owned universities – and the legislature to help Cheyney find a way out of “a vicious, destructive cycle” in which declining enrollment and state funding leads to less money for investments that could attract much-needed students.
Cheyney, located in the Philadelphia suburb of the same name, was founded in 1837 after Quaker philanthropist Richard Humphreys bequeathed part of his estate to build a school to educate descendents of the African race, according to the university’s website.
Its alumni include journalist Ed Bradley, state and U.S. elected officials, several National Football League players, a U.S. ambassador to South Africa, and Robert Bogle, chief executive of The Philadelphia Tribune.
Cheyney “has done many good things since 1837,” interim university president Frank Pogue said in a statement. “We are doing many good things today, and we will do many good things in the coming years.”
The university has begun to shrink its workforce by 23 percent and to cut offices’ discretionary spending in half, DePasquale’s audit said.
School officials are planning more aggressive recruitment and will try to improve student retention and graduation rates. They hope to present a new policy to be implemented in January.
Across the country, states have cut higher education spending, especially as they struggled to recover from the 2007-2009 recession.
From fiscal 2003 through 2012, state funding fell by 12 percent while median tuition rose 55 percent across all public colleges, the U.S. Government Accountability Office said in a report published Tuesday.
(Reporting by David DeKok in Harrisburg, Penn.; Editing by Hilary Russ and Leslie Adler)
It’s a failed business plan. Simple. Poor management and bad customers. Let ’em fail.
Even cooler knowing that the taxpayers have also unwittingly given billions in cheap/free loans to black colleges via the Treasury’s Federal Financing Bank. Graft, cronyism and corruption under the banner of fairness for the WIN!
/sarc
Saw this yesterday, not at all surprised many of the historically “Black” colleges have been turned into abject failures where studying black culture some how elevates your intelligence as oppose to studying math, science and business. Maybe they should just do what the Oberlin black students want:
Petition Demanding Black Students Be Exempt From Failing Grades
Featured, Racism, Wackademia 18 Comments
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When Columbia Law School let Black students postpone their final exams because they might be “traumatized” by recent protests, they really let the cat out of the bag.
Now students at Oberlin College, one of the most liberal college in the country are demanding African-American students be completely exempt from failing this semester because they’re so deeply affected in “times like this.”
So far, the Ohio college has said they will allow professors to exercise “flexibility” in “emergency incomplete requests,” but has not given a flat out “pass” to all Black students.
Bob.
“The university has begun to shrink its workforce by 23 percent and to cut offices’ discretionary spending in half, DePasquale’s audit said.”
so they will just file for unemployment, EBT card, welfare etc.
from one balance sheet to the next
Wyoming Mike says:
“It’s a failed business plan. Simple. Poor management and bad customers. Let ‘em fail.”
You mean…..let capitalism do its work??? NNNNOOOOOOooooooooooo……
It does make you wonder about what might be the most popular degree. Or not, money says its ‘social work’….gots ta hep ma peepo ya cee? It sure as fuck ain’t engineering, law, or medical, etc.
“we know from hard-earned experience that countries are more likely to enjoy lasting transformation if their people are not subjected to chaos.”
LOL T4C! As I read your comment I wasn’t thinking of the hypocrisy regarding Russian sanctions, I was thinking about how he is subjecting US citizens to sanctions and chaos.
T4C, I thought the same thing and was just commenting on that to a liberal friend last night. Like any politician, they speak out of both sides of their mouths.
I graduated from college many years ago but many colleges today are irrelevant. People spend money and time getting their degree yet how many decent paying jobs await them afterward?
Everyone can’t be a computer network whiz either. And many who do get tech degrees have difficulty finding work due to job outsourcing or flooding our country with low wage H1b visa tech workers.
So many colleges graduate students who can’t find jobs while tuition keeps rising. Why would someone want to spend the time and money to obtain a degree if they don’t have a reasonable chance of finding a decent job?
To me, many colleges exist to subsidize the jobs of teachers and administrators plus various research projects funded by government and of course funding the training of athletes so the public can become obsessed fans of those who later turn pro.
It’s first about propping up the post secondary educational system and those employed by it or those who benefit from it (advertising dollars). Whether students can find decent jobs is hardly a concern.
What a massive waste of tax dollars especially since most college grads aren’t much better informed about politics, political corruption, economics, our country, etc. than many high school grads.
This makes perfect sense: The blacks that are ‘about’ as intelligent as whites – will go to a ‘regular’ college.
An all black school is going to attract the students that can’t make it in the real world. Thus becomes a turd world college.
I no English reel gud. I can comugate da verb wuz: I wuz, you wuz, he wuz, we wuz, de wuz. Dey learnt me my lessens.
You be no-in wha dey called de first black astronaut? Janitor in a drum!
@SS: “To me, many colleges exist to subsidize the jobs of teachers and administrators plus various research projects funded by government and of course funding the training of athletes so the public can become obsessed fans of those who later turn pro.”
Add to that all the government school teachers / admins / maintenance people / bus drivers.
At one time you needed educated people to do many jobs. Now with automation and software the employers ( .1%) are just looking for a trained monkey. There’s an ad on TV for Globe College – they come right out and say: “We tailor our curriculum” to what employers want. This is not an education to help you grow your abilities to think – it’s to make you a trained moron.
Where I live there’s a university that has an affirmative action plan so blacks can get in.Over 50%.don’t make it through the first year. Only about 20% make it through 4 years. It just a disgusting waste of tax money. They have articles every year in local newspaper wondering how to help more blacks enroll. How to help them graduate but it never works . This has happened for the last 20+ years with the same results year after year. I wonder if anyone ever tells the young blacks they would be better off going to a technical school and learn some real skills.I guess that would be racist.
I’ve never considered affirmative action to be part of a larger plan, but when/if racism is used to ignite and divide this country – affirmative action spread the seeds of hate where the breeze could never take it. Up and down both vertically and horizontally in corporate, municipal, federal, and state organizations. There are people who shouldn’t be where they are and others who damn well know it. And I don’t believe the pressures, frustrations, and general seething have every had a place to go – only to grow. In fact, political correctness only put a lid on legitimate anger, shook it up, and placed on a hot burner.
And I’m not even counting the innocents that have had some affirmative action reject leaning over them in an emergency room, or had swaps gone bad placed in their ‘taxes due’ envelope, or any other myriad of ways poor decision making via a glorified ‘peter principle’ masquerading as fairness has festered. That blister will be lanced one day and its going to be smelly, dirty, and disgusting in my opinion.
I live about a mile from the place and pass it twice a day. The level of activity between summer and winter is nearly unnoticeable – if they were to close it I’m not sure anyone could tell. Within the last two years or so, they built a new dorm, refurbished the sewage plant, and installed a geothermal heating system. From my perspective (driving the roads around the periphery) it’s very nice. My son was given a tour of the campus by a friend that graduated and reported the same thing – very nice. And across the street – McMansions!
T4C says:
Listening to Obama’s speech about Cuba I was stunned by the following statements:
After all, these 50 years have shown that isolation has not worked. It’s time for a new approach. (…) I do not believe we can keep doing the same thing for over five decades and expect a different result. Moreover, it does not serve America’s interests, or the Cuban people, to try to push Cuba toward collapse. Even if that worked -– and it hasn’t for 50 years –- we know from hard-earned experience that countries are more likely to enjoy lasting transformation if their people are not subjected to chaos.
Well, finally we can see the way out of our national crisis – just give Obama 42 more years as President and he will finally see the light. Rejoice, true hope and change is in our (far)distant future.
Every time i read something about Pennsylvania. It’s something bad. The state has some serious problems. Money wise anyhow.
I wonder how many kids look around and wonder why they should go to college.Considering the job market.
yashure, it’s probably a personal quirk but I don’t tend to notice much of anything unless I have some connection to it. Prior to finding TBP and learning that our admin is from PA I never gave PA much thought at all. However, since learning that admin is from there, I pay attention to headlines that reference PA in some way and I agree that most of what I read and hear is bad. There was a TV show about parking meter cops that I think was based in PA and in the two or three episodes I saw it was enough to convince me not to even visit the place.
I visited PA (Philly) just before moving to the UK and while I had a good time seeing the sights, I can’t think of a single thing I’d go back there for. I fear for admin and a few others in that densely populated eastern seaboard area when shit goes pear shaped. That part of the country will probably bear the brunt of what is coming.
You can not polish a turd.