There was a good response to Galloway’s prediction published yesterday in University Business - https://universitybusiness.com/should-we-believe-scott-galloways-predictions-of-soon-to-perish-colleges/
Should We Believe Scott Galloway’s Predictions of Soon-to-Perish Colleges?
Excerpt from the response…
"In 2015, Sweet Briar College’s Board announced they would be closing that summer. They still had 80 million dollars in their endowment at the time. They had a beautiful campus in the hills of the Blue Ridge Mountains. Unfortunately, they did not want to co-educate, they were geographically isolated, and their enrollment numbers and yield rates were declining. None of these factors are a part of Galloway’s predictions.
However, when Sweet Briar made this announcement the alumni rose up in opposition and reversed the decision. The little women’s college still exists today, albeit still small and struggling financially. One of the lessons taught to me by a former mentor who just so happened to have served on the Board of Sweet Briar and had a hand in encouraging closure, is that it is almost impossible to kill a college. There are many examples of colleges that were expected to disappear (e.g. Antioch) that did not because there were alumni who would not let it happen.
I share this because one thing Scott Galloway may need to get credit for is that the shock he just gave several hundred universities may lead to a push for survival that would not have occurred without Galloway’s conjecture. In short, I predict the colleges on the “Perish” list are now going to take more urgent and informed steps to prevent their demise. They may be the lucky ones who just received a shot of the virus in the form of a vaccine that will ultimately strengthen them for the coming months. Let’s certainly hope so."