RE: Can't Even Trust A Socialist These Days. Bernie And Wife Under Investigation
June 26, 2017 at 2:48 pm
(June 26, 2017 at 12:37 pm)vorlon13 Wrote: 231 students every year servicing the debt on $10,000,000 on top of supporting 61 staff ??
I don't know, vorlon. What are the terms of the loan? A 10M 30 year loan at 3.25% results in a cost of ~200 per student, per month (assuming 221 students). What was the tuition again? Any subsidies?
Related to overall operating costs (hello, payroll), that loan is going to be a small part of the overall expense. I have no idea if their business plan works or not, having not looked at it, but if this is a private institution with endowments, and high tuition, I don't see that in and of itself being a huge issue.
(June 26, 2017 at 12:37 pm)vorlon13 Wrote: How many students could service the debt on a $45,000 car loan on top of tuition?
Surely you recognize the difference between say a 5 year car loan and a real estate loan term that spans decades. Surely you also recognize that no individual student is going to be responsible for $45K in debt. You're comparing apples to oranges here.
