HIGHER EDUCATION BUBBLE UPDATE: A University Asked Alumni For Donation Money. One Grad Sent Them Back This Brutal E-mail.
I’m sorry to hear that the university’s $750 million endowment has fallen in value to $500 million because of the recession and because your bank died. I’m also sorry to hear that you’re dealing with declining enrollment due to the fact that middle-class families are no longer willing or able to bet their homes on a $45,000-a-year higher education for their children. I really am.
So, what I want to know is, why are you wasting money on glossy fundraising brochures full of meaningless synonyms for the word “excellence”? And, why are you sending them to ME? Yes, I know that I got a master’s degree at your fine institution, but that master’s degree hasn’t done jack shit for me since I got it! I have been unemployed for the past TWO YEARS and I am now a professional resume-submitter, sending out dozens of resumes a month to employers, and the degree I received in your hallowed halls is at the TOP of it, and it doesn’t do a f*cking thing.
You know, maybe if you wanted a little bit of money from me (and these days you’d get about $3), maybe you should send me a fancy color brochure admitting your role in the bubble economics that got us all into this mess.