Rest in Peace: College Closings

Reminder that this is the college closing thread about specific schools. The back and forth about bond ratings is off topic.

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Lindenwood University acquires technical college in Texas expanding their offering after 2023 Dorsey college acquisition.

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Post University in CT sold to a Chilean University

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Gannon and Ursuline merging. Seems like complementary colleges (both are Catholic, Ursuline is liberal arts, while Gannon has engineering, business, health majors.)

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I took six accounting courses at Post when I was in my late 30s. I already had a BSBA and MBA, but I wanted to get my CPA and I needed the accounting credit hours. Post gave me 50% off for being a veteran.

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Yeah, I saw this in the Chronicle of Higher Education.

And it really is a literal “You had one job!” sort of thing.

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Not sure if this has been mentioned here but Albright College in Reading, PA has a big deficit and is cutting programs and dipping into their endowment.

Facing a $20 million deficit, Albright College is making cuts, borrowing from endowment | Berks Regional News | wfmz.com

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Albright College is one I have been following closely- D25 has a good scholarship offer from them :frowning: Her preferred major is one they are actively expanding instead of downgrading. She has other acceptances but this school has been showing her a lot of love.

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I’m glad that the current president is doing a lot of communication and outreach with students and staff, so at least that part is good. And I have to say that I think the president makes a very good point when she says the university’s “art museum should primarily display student and faculty artwork.” Unless a school is very financially healthy with a robust endowment, having expensive artwork is probably not the best use of funds.

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I would be very wary of this situation. It’s fine to attend the school, as long as you understand that it may not offer the classes you want and may close suddenly.

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Colleges may not have a choice. There have been numerous lawsuits over plans to deaccession artwork that was donated specifically to hang in the college’s museum. You may think it’s a dumb use of funds- but the donor gave the artwork in good faith, took the charitable deduction, and it’s tough to retroactively amend a donor’s intent…

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Absolutely true! Chances are that the school didn’t purchase the artwork, but rather it was donated. If the school is concerned that they have to secure the work, well they also have a responsibility to secure the work of their students … so they still have to secure the work (which may involve a cost). The truth is, they most likely won’t be able to sell the artwork without the express consent of the donors.

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I guess it’s not in danger of closing since it’s a public uni…but, wow.

Some snippets:

Sonoma State University unveiled a dramatic plan Wednesday to address its $23.9 million budget deficit, announcing faculty layoffs, the elimination of academic departments and degree programs, and the closure of its intercollegiate athletics program.

Cutrer cited rising personnel costs and inflation but particularly a steep decline in enrollment — down 38% since 2015 — as the primary drivers of the deficit. Enrollment, which peaked at 9,408 a decade ago, fell to 5,073 in October, marking the steepest drop among all California State University campuses, according to EdSource.

The cuts will result in non-renewals for 46 faculty members, along with the elimination of four management and 12 staff positions. Several lecturer roles will also disappear starting in the fall.

Academic programs are facing significant cuts as well. The economics, art history geology, philosophy, theater and dance, and women and gender studies departments are slated for closure. About two dozen degree programs will be discontinued.

The situation has been compounded by broader challenges within the 23-campus CSU, which is facing potential funding reductions under Gov. Gavin Newsom’s proposed budget.

Under Newsom’s proposal released earlier this month, the CSU and University of California systems could see state funding reduced by 8%. CSU stands to lose $375.2 million.

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What’s crazy is many on here say how important the arts and humanities are but that’s what school’s across the board are cutting so the consumers aren’t choosing those. Econ is a surprise cut…

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This is so sad. My oldest went to Sonoma State in 2016. It is a beautiful campus with some of the nicest dorms out of the CSUs. It has a really nice residential feel that is unusual in the CSU system, and she had some wonderful professors. I wonder why this school is struggling more than the others. Maybe it’s just that So Cal is so much more popular? Oh, and the food was good too! And the music building is one of the prettiest I have seen. (I could go on and on, I guess)

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In response to Gannon’s merger, I wonder if this affects Mercyhurst?

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College Navigator - Sonoma State University says that a recent class graduated only 6 economics and 8 econometrics and quantitative economics bachelor’s degree majors. Other programs being discontinued have similar or lower numbers.

In contrast, there were 322 business majors and 282 psychology majors in a recent bachelor’s degree class. Other majors with over 100 graduates were general liberal arts and sciences (probably for K-6 teacher credential preparation), sociology, and biology.

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And yet there is over enrollment at other California schools. Maybe they need to cap enrollment at other schools and funnel the students to where there are more resources.

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The CSU system already does this: Redirection | CSU

The UC system does something similar with ELC students by offering them UC Merced if they get shut out of the campuses they applied to.

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