Sunday, November 20, 2005

Ah! The University of Texas at El Paso!


Our school is perhaps unique among an infinite number of colleges and universities across America. Why? Because it has been run for some years now as the academic equivalent of an Enron of Texas-style continuing criminal enterprise. With a miserable failure-to-complete rate in excess of 95% for four(4) years and an equally miserable failure-to-complete rate of 73% when the four-year program is extended to six(6) years, any hypothetical Little Green Man from Mars might be forgiven for wondering: "So what the heck is going on here?"

And do you know something? He would be right!

Like anything else, money -- la lana -- accounts for everything, or almost everything.

Take financial aid, for example:

57% of us students borrow on an average $11,900 dollars during our undergraduate years here, according to the UTEP Office of Financial Aids own statistics.

So, let's see: if there's around 19,000 of enrolled in any year, say, and 73% of us still have not completed our basic four-year degree plan in six(6) years, how much do we owe Stafford as a group?

Hummm...o.k.! Try this: 73% of 19,000 students is going to run around 13,000. And if we take 57% of that, and then multiply the results by $11,900 per student, wow! We're going to come up with roughly 89 million bucks of owed money by students who have not completed their four-year degree plan -- even when extended to six years -- but who are still left with a crushing indebtedness equal to an Enron of Texas-style fraud, big time!

Anyway, that's our thought for today!

Your Main Man Willie...

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