William Jewell College Financial Issues

[KCPrepZone]

William Jewell College facing ‘significant financial challenges’ due to increased costs

One of the oldest liberal arts colleges in the Kansas City area has fallen on significant financial troubles.

www.kctv5.com

There is a statement that something will be determined and communicated in early 2025 regarding sports programs.

 

[CaptainMullet]

Sounds like the school needs to start charging more for rent for the combines.

 

[KCPrepZone]

Sounds like the school needs to start charging more for rent for the combines.

Or schedule a whole lot more camps and combines.

 

[BoosterBosko]

I dont get this. Is there no booster club at this college!?

 

[HomeyR]

Should have stayed NAIA...

 

[cru66]

Dan Lanning where art thou?

 

[OldeCoach]

……private or public???

 

[CaptainMullet]

Forget Lanning- This guy Jewell grad has the cash.
Farhad Azima

 

[freezeoption]

It's private. Should have stayed naia. It's been messed up since they changed.

 

[hangmanbobbyjaggers]

Totally agree. They should have stayed in the Heart of America conference and the NAIA. They have not been the same since going to D-2. Bigger is not always better.

 

[freezeoption]

They can't put the level of money into football that it takes to be competitive.

 

[KCPrepZone]

Totally agree. They should have stayed in the Heart of America conference and the NAIA. They have not been the same since going to D-2. Bigger is not always better.

Membership Costs

Membership Costs

www.naia.org

Time to go back.

 

[OldeCoach]

…. But since they are a private school aren’t we wishing the worst for them!!!

 

[cardsfan200306]

…. But since they are a private school aren’t we wishing the worst for them!!!

No because all recruit in college

 

[OldeCoach]

No because all recruit in college

…..so there is NO difference between William Jewell and Notre Dame, Clemson, SMU, etc…..???

 

[cardsfan200306]

…..so there is NO difference between William Jewell and Notre Dame, Clemson, SMU, etc…..???

Wealth of the alumni? Prestige of the degree? Size of the school?

 

[NorthKansascity]

William Jewell could be a football powerhouse. Close proximity to KC, desirable attractions nearby, plethora of talent across NKC etc.

It’s a crime they aren’t figuring this out faster.

Could be competitive quickly as far up as they wanted to go IMO.

 

[ugaboz]

what will JA do

 

[TheDaddy]

With one of my kids going there several years ago, WJC went woke and got away from the values it started with. I know one professor making 100k a year teaching 3 classes a week you know and I know that doesn't work. I wish them well but until they go back to what worked they will end.

 

[freezeoption]

They could be great for naia. Their facilities are not the best. They got a ways to go for d2. Heart of America would be a great conference.

 

[revno]

This school going broke has very little to do with their fb team.

 

[panther72]

This school going broke has very little to do with their fb team.

Agreed. This is more due to past alumni that have poured money into the school and they have passed away so that pipeline dried up.
But, they should have stayed with their roots in NAIA.

 

[farmer_fran]

They aren't the only private college or university in Missouri that is facing this.

 

[revno]

There was a private in StL that closed last year. Fontbonne or something like that. Enrollments are down nationwide. Upper Education is overbuilt and we're going to see more of these. Lincoln has also been facing issues.

 

[KHSDOGS]

Joey went to William Jewell. He should be able to bail them out.

 

[J. Kane]

William Jewell could be a football powerhouse. Close proximity to KC, desirable attractions nearby, plethora of talent across NKC etc.

It’s a crime they aren’t figuring this out faster.

Could be competitive quickly as far up as they wanted to go IMO.

 

[Eagles_Ball]

They aren't the only private college or university in Missouri that is facing this.

And hopefully won't be the last. Hopefully it catches on nationwide. There are a TON of ways to get educated. Paying an insane amount of money to colleges and universities because Sallie Mae became a for profit entity isn't a great business model. 18 yr olds making uninformed decisions and taking out monumental amounts of student loan debt they'll spend the better part of their lives paying back isn't a recipe for success. The system is broken. Better decisions and better options will hopefully force these places to lower tuition or close their doors. Either is a net positive.

 

[r14veer]

And hopefully won't be the last. Hopefully it catches on nationwide. There are a TON of ways to get educated. Paying an insane amount of money to colleges and universities because Sallie Mae became a for profit entity isn't a great business model. 18 yr olds making uninformed decisions and taking out monumental amounts of student loan debt they'll spend the better part of their lives paying back isn't a recipe for success. The system is broken. Better decisions and better options will hopefully force these places to lower tuition or close their doors. Either is a net positive.

Many jobs that require a college degree would probably be far better served by using apprenticeships. By that same token, though, a college degree means that, on average, you will earn $24,000 more per year (and the gap is widening quickly) than someone who does not have one, even with the mountain of debt you may accrue and that you will, on average, earn more than a million dollars more in your lifetime. Until that statistic moves significantly the other way, the Sally Mae model will continue.

 

[Eagles_Ball]

Many jobs that require a college degree would probably be far better served by using apprenticeships. By that same token, though, a college degree means that, on average, you will earn $24,000 more per year (and the gap is widening quickly) than someone who does not have one, even with the mountain of debt you may accrue and that you will, on average, earn more than a million dollars more in your lifetime. Until that statistic moves significantly the other way, the Sally Mae model will continue.

The Sallie Mae model was born when they became for profit while also using federally backed funding to guarantee the loans. There are a lot of ways to get that degree or certificate (think healthcare fields) without amassing mountains of debt doing so. What I can't figure out, and never will, is why parents are willing to pay or borrow or allowing their kids to borrow the money to attend a college or university for 4 or 5 years. It's mind-boggling.

 

[HomeyR]

The Sallie Mae model was born when they became for profit while also using federally backed funding to guarantee the loans. There are a lot of ways to get that degree or certificate (think healthcare fields) without amassing mountains of debt doing so. What I can't figure out, and never will, is why parents are willing to pay or borrow or allowing their kids to borrow the money to attend a college or university for 4 or 5 years. It's mind-boggling.

So very true... 👍

 

[quadzilla200]

There are many schools on the brink. The next 5 years will be very interesting especially with the new administration. There are way, way too many colleges. They can say there was a demand for all of them, but just as with restaurants is there enough to keep the doors open. The college value proposition is falling apart rapidly. All supply and demand and we have way too many kids coming out at 22 with no discernable skills. All the demand is for the trades and it seems like they are slowly being embraced by parents when talking to their kids. Honestly, how could a parent not push the trades when the see the bills from the plumber, electrician, etc.

 

[r14veer]

The Sallie Mae model was born when they became for profit while also using federally backed funding to guarantee the loans. There are a lot of ways to get that degree or certificate (think healthcare fields) without amassing mountains of debt doing so. What I can't figure out, and never will, is why parents are willing to pay or borrow or allowing their kids to borrow the money to attend a college or university for 4 or 5 years. It's mind-boggling.

I would guess it's the $24,000 more per year and the more than a million dollars more in their lifetime that their kid will, on average, earn that motivates the parents. What else would it be? And this gap is widening, not tightening.

 

[OldeCoach]

There are many schools on the brink. The next 5 years will be very interesting especially with the new administration. There are way, way too many colleges. They can say there was a demand for all of them, but just as with restaurants is there enough to keep the doors open. The college value proposition is falling apart rapidly. All supply and demand and we have way too many kids coming out at 22 with no discernable skills. All the demand is for the trades and it seems like they are slowly being embraced by parents when talking to their kids. Honestly, how could a parent not push the trades when the see the bills from the plumber, electrician, etc.

Many jobs that require a college degree would probably be far better served by using apprenticeships. By that same token, though, a college degree means that, on average, you will earn $24,000 more per year (and the gap is widening quickly) than someone who does not have one, even with the mountain of debt you may accrue and that you will, on average, earn more than a million dollars more in your lifetime. Until that statistic moves significantly the other way, the Sally Mae model will continue.

A college degree also shows a potential employer that you have jumped through a lot of hoops !
Biggest issue in the work force is counting on your employees to show up and work!

 

[cardsfan200306]

There are many schools on the brink. The next 5 years will be very interesting especially with the new administration. There are way, way too many colleges. They can say there was a demand for all of them, but just as with restaurants is there enough to keep the doors open. The college value proposition is falling apart rapidly. All supply and demand and we have way too many kids coming out at 22 with no discernable skills. All the demand is for the trades and it seems like they are slowly being embraced by parents when talking to their kids. Honestly, how could a parent not push the trades when the see the bills from the plumber, electrician, etc.

Trades is money if you do it right

 

[cardsfan200306]

A college degree also shows a potential employer that you have jumped through a lot of hoops !
Biggest issue in the work force is counting on your employees to show up and work!

Showing up to class and showing up to work are far different. Gimme blue collar anyday

 

[quadzilla200]

Showing up to class and showing up to work are far different. Gimme blue collar anyday

Who says you have to show up for class now. Just cheat your way through college on online classes where you can login whenever you want and where the professors are too lazy to write their own tests so all the answers are online.

I believe this is the model being promoted by college football coaches around the country. LOL

 

[r14veer]

A college degree also shows a potential employer that you have jumped through a lot of hoops !
Biggest issue in the work force is counting on your employees to show up and work!

I don't disagree with you. The jobs with those hoops are still worth significantly more money on average, right or wrong.

 

[Eagles_Ball]

I would guess it's the $24,000 more per year and the more than a million dollars more in their lifetime that their kid will, on average, earn that motivates the parents. What else would it be? And this gap is widening, not tightening.

I'd love to see proof of this. I'm not doubting it, but there's a helluva lot of acreage between "high school diploma" and "college graduate".

 

[Eagles_Ball]

Who says you have to show up for class now. Just cheat your way through college on online classes where you can login whenever you want and where the professors are too lazy to write their own tests so all the answers are online.

I believe this is the model being promoted by college football coaches around the country. LOL

I mean, I cheated my way through college 25 yrs ago. This is nothing new.

 

[Eagles_Ball]

I don't disagree with you. The jobs with those hoops are still worth significantly more money on average, right or wrong.

I'd also tend to argue the top 10% skew that number greatly as well. Just b/c you "go to college" and "get a degree" doesn't really mean you're earnings are related to the degree. Generational wealth probably has a great deal more to do with those numbers than a degree or lack thereof.