Posted this over on r/highereducation, thought it might be interesting here.

I've been thinking a lot about this lately, especially in the context of "free college" proposals. Subsidizing private colleges and universities would be a political non-starter. I'm assuming the government would have a "teach-out" style plan to transition schools off federal dollars. Regardless, the impact would be massive. I've briefly glanced at financial aid and revenue data for one R1 school, and it seems federal money makes up a significant (20-30%) portion of annual operating revenue. While that doesn't seem like much at first, I suspect enrollment would drop significantly at many schools if there was the alternative of going to a public university for free. Several thoughts come to mind:

• What percent of schools would close or merge?

• What would be some of the most surprising schools to close?

• How quickly would schools close? Would they immediately shutter, close at the end of the transition period, or struggle on for a few years?

• What is the breakdown of institution types (R1/2 vs SLAC vs engineering schools)?

• What would be the impact on religiously-affiliated colleges, especially Catholic schools (there's already many little-known ones in the middle of nowhere)?

• Of the schools that survive, what sort of strategies would they employ to remain solvent (lean heavier on foreign students, reduce admissions standards, have mandatory work-study programs to reduce administrative costs, create alumni contracts akin to tithing, invest more in the financial sector/Wall Street)?

Edit: Whoops, I thought I posted this in ~misc. Oh well.

Text post because the big news companies are cowards playing it safe and not calling Ossof yet, though it's basically over

Warnock makes history with Senate win as Dems near majority (AP News)

My takes below:

What does this mean?

This gives Democrats a thin majority in the senate. Does it mean they have free reign? No, the party is not that unified. In particular, as you probably have heard his name many many times now, Manchin, the "conservative Democrat" from WV is likely to be the kingmaker in votes. So it's not like just anything can get passed, and Manchin will not eliminate the filibuster easily.

So is it pointless?

ABSOLUTELY NOT

It's a huge victory nonetheless for Democrats. Remember, with control of the Senate, Chuck Schumer will be Senate Majority Leader, who controls what legislation the senate votes on. Even bipartisan bills were consistently torpedoed by McConnell who would refuse to even have a vote on it. Now, there is politics that can be done - deals, compromise, whatever. If you can't vote on something, nothing can be done. Things that are overall popular like increased stimulus are also going to pass.

Additionally, perhaps an even bigger deal, Biden can get his nominations through for cabinet and judges. There's an insane amount of unfilled heads of state departments right now, and the rest are filled with people absolutely unfit for the job. Having a real human being be the head of the EPA, or Department of Education, or the Department of Energy, and so forth is a big deal.

It also means that Justice Breyer can safely retire and have another "liberal" Justice take his place.

It's not sweeping control over the government, but it's a immensely superior political situation to McConnell stone walling anything he doesn't want, and Biden having to haggle with McConnell over how incompetent his cabinet needs to be.