We will miss you..: College closings, mergers, risks of closing

I could see how this could appeal to students both interested in UMass and also those who would normally be drawn to Hampshire but may be hesitant to choose them now.

I wonder if they could do something like Salem College in NC has done–still exist as a college but also offer a boarding/day high school. You could market it as offering a dual-enrollment track that allows them to enroll in college classes (and have transfer agreements with Hampshire and other area schools that guarantees specific classes/hours transfer in, etc).

5 Likes

The property value?

3 Likes

I’m not seeing much value in that location.

1 Like

California College of Arts is closing down and selling its campus to Vanderbilt. Vandy will ad a third satellite campus after NYC and Florida.

2 Likes

Auditors of Hampshire College doubt they can stay afloat. Let’s see if they can survive this crisis

1 Like

The article says they are recruiting new students, but I wonder at what cost (I can’t open the whole article). As I see things, the school’s financial issues can lead to enrollment moving in the wrong direction. I for one would hesitate to send a child to a college that is in such a precarious financial position. Hopefully Hampshire can survive this.

4 Likes

I imagine you have to find folks that don’t know or think to look but when i saw they missed enrollment by 50% - right there was a death knell. They need a white knight / another school or really rich alumnus.

1 Like

I believe they have already mined the rich-alum vein pretty heavily. They have tried to keep their current model afloat, and it hasn’t worked. They’re going to need to re-imagine the path forward, or there won’t be one.

7 Likes

More, from CCA and Vanderbilt:

4 Likes

Hampshire college might be forced to close if it can’t refinance debt

2 Likes

Too bad but saw it coming. Can’t imagine many (or any) incoming freshmen will commit to Hampshire with this so sadly it may be a self-fulfilling prophecy.

4 Likes

It’s a death spiral for sure. It’s sad, I was hopeful when some alum raised so much money a few years ago, but that well seems to have dried up. And I understand why.

6 Likes