Bright College (coming 2021)


Bright College (coming 2021)

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LurkingDog
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As noted in a different DrakeNation thread:  https://www.drakenation.com/144733/Drake-starting-a-2year-college?Update=1#bm144745

How much will this help football recruiting?  I can see this helping the Bulldogs get people who might otherwise choose Joliet JC, but ...



DawgsRus1132
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Not sure this helps at all for Football...  Not sure why create a 2 year college ?? Seems to lessen the Drake education reputation... or will lose Drake University 4 year students to the 2 year program for less $ 
LurkingDog
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Well, I'm not sure it helps either.  Unclear whether this will be a freestanding JC...in which case it's not really part of Drake U...or whether it will be incorporated into Drake somehow.

Here's a comment from an outsider who read the press release:  " is Drake having financial difficulties? The idea of adding what amounts to a junior college under its auspices reads like a university short on funds and needing paying customers in a big way."

Not a good look for DU (though it could help some people),.



DawgsRus1132
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Totally agree! Seems like a cash grab and would hope that with an endowment of $211 million dollars they would not have financial issues.
Blue Bulldog X
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That's a very modest endowment. Grinnell college, I have heard from a good source, is around 1 billion. Stanford's athletic endowment a few years ago was in excess of 300 million. Pacific here in Stockton did have an endowment of more than 300 million. I would say that Drake's is, at best somewhere in the middle and possibly low middle of a group of similar private schools.

Private schools, in general and particularly in this environment, are having a very hard time attracting students. I think it's a great idea but if you are offering the same resources for roughly 30 K less you certainly aren't going to make any profit on it. So no, it's not a "money grab" !

  
LurkingDog
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Perhaps the money grab comment didn't mean that D will make a big profit on this, but that the university. Is desperate for whatever extra cash it can get.  Kind of the educational equivalent of playing at Dixie State for the sake of a $200,000 check.

Regarding the endowment...I remember reading that it was only about $15 million at some point in the 1980s.  That was a factor in the decision to drop football.



BRFDawg
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Blue Bulldog X - 9/3/2020
That's a very modest endowment. Grinnell college, I have heard from a good source, is around 1 billion. Stanford's athletic endowment a few years ago was in excess of 300 million. Pacific here in Stockton did have an endowment of more than 300 million. I would say that Drake's is, at best somewhere in the middle and possibly low middle of a group of similar private schools.

Private schools, in general and particularly in this environment, are having a very hard time attracting students. I think it's a great idea but if you are offering the same resources for roughly 30 K less you certainly aren't going to make any profit on it. So no, it's not a "money grab" !

  

Frequently did business in Stockton a few years back, in fact I had a little honey hole Deli that I used to stop by for sandwiches when I was in town.
Blue Bulldog X
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BRFDawg - 9/5/2020
Blue Bulldog X - 9/3/2020
That's a very modest endowment. Grinnell college, I have heard from a good source, is around 1 billion. Stanford's athletic endowment a few years ago was in excess of 300 million. Pacific here in Stockton did have an endowment of more than 300 million. I would say that Drake's is, at best somewhere in the middle and possibly low middle of a group of similar private schools.

Private schools, in general and particularly in this environment, are having a very hard time attracting students. I think it's a great idea but if you are offering the same resources for roughly 30 K less you certainly aren't going to make any profit on it. So no, it's not a "money grab" !

  

Frequently did business in Stockton a few years back, in fact I had a little honey hole Deli that I used to stop by for sandwiches when I was in town.

BRF, do you recall the name of the Deli ? Like many cities, Stockton has lost a large number of businesses over the years, totally different enviroment  than when we moved here in 1973.
BRFDawg
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Blue Bulldog X - 9/5/2020
BRFDawg - 9/5/2020
Blue Bulldog X - 9/3/2020
That's a very modest endowment. Grinnell college, I have heard from a good source, is around 1 billion. Stanford's athletic endowment a few years ago was in excess of 300 million. Pacific here in Stockton did have an endowment of more than 300 million. I would say that Drake's is, at best somewhere in the middle and possibly low middle of a group of similar private schools.

Private schools, in general and particularly in this environment, are having a very hard time attracting students. I think it's a great idea but if you are offering the same resources for roughly 30 K less you certainly aren't going to make any profit on it. So no, it's not a "money grab" !

  

Frequently did business in Stockton a few years back, in fact I had a little honey hole Deli that I used to stop by for sandwiches when I was in town.

BRF, do you recall the name of the Deli ? Like many cities, Stockton has lost a large number of businesses over the years, totally different enviroment  than when we moved here in 1973.
Took me a bit to find it but it is Genova Bakery.  Really good sandwiches and I used to pick up some imported pastas there as well. Of course nothing in California compared to Corti Bros in Sacramento but Genova was a nice little place to stop and have a reasonably priced sandwich. Beat the hell out of the fast food I ate most days while I was on the road.


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