My C17 came close to going to Earlham. Fabulous place, amazing campus ethos.
But: Being a college that attracts a nonconformist (and reputationally left-leaning) student body while being located in semirural Indiana is a heck of a headwind right now—and location was one of the reasons my C17 ultimately went to a LAC elsewhere instead.
We all loved Earlham, and the (many) kids I know who have gone there have been strong students and solid people. More than a few have become doctors. It’s a pretty special place, so sorry to hear they are struggling. Agree that the location could be a headwind for many.
Washington University St Louis will acquire University of Health Sciences and Pharmacy. They will faze out all programs and only keep the pharmacy school.
For anyone looking for an investment property, the former campus of Green Mountain College is available…
For anyone looking for an investment property,
Must be directly on mission as a “Catholic organization with the vision and capability to use it for good — to serve people, purpose, and faith.” So maybe a worthy project but probably not a sound “return on dollars” investment.
Here is a success story of the redevelopment on the campus of a former Catholic college. The location of Green Mountain most likely would not lend itself to something similar, but it’s an example of thinking outside the box to provide redevelopment that aligns with the mission of the group that ran the former college.
https://kresge.org/our-work/detroit/transformative-project-marygrove-cradle-to-career-campus/
Thanks for the link. Never seen this before.
Not a closing bc, If I read correctly, There is a five year plan to relocate the nursing program and research labs.
But maybe other colleges will look to sell to Amazon and other tech companies?
^^
According to The Washington Post, GW was actively looking for a buyer because they are experiencing a growing deficit.
The sale is intended to strengthen the university’s long-term health, according to a letter from GWU’s president, Ellen M. Granberg, to the campus community. The school had already cut costs in recent months, including implementing layoffs, as it contends with financial headwinds such as declining federal research funding, restrictions on international student enrollment, and limitations of federal loan and financial aid programs. Expenses have been growing faster than revenue in recent years, according to school officials
The sale will not close the university’s budget deficit, Granberg wrote Friday
Nice when you can pull off a $420 million+ sale. With that, they can invest and pull off $16-$20 mil a year. That should help any school.
I had no idea that Green Mountain College had a Catholic affiliation! Or is that just the wishes of the new owner?
Article says it had ‘Christian roots’ (as did many many private colleges). I think it is the new owner who wants it to be Catholic based ‘buyer’ now.
University of New Orleans will officially become LSU New Orleans going back to its original name and system
Comprehensive Report from Workgroups | The University of New Orleans mentions proposed changes.
But why would such changes depend on the name / brand change from University of New Orleans to LSU New Orleans? Or why would the name / brand change depend on those other changes?
LSU New Orleans was the original name. It was renamed UNO but within the LSU system. Then UNO was moved to the University of Louisiana system. Now it is moving back to the LSU system and its original name LSU New Orleans.
An attempt to combat the 50% drop in enrolment.
Two articles on NJ.com today:
Obviously, Princeton is in no danger of closing, merging, etc…but if a school with a 36b endowment is feeling financial pressure, hard to imagine any school that isn’t.
And poor Rider…not sure I see a way out of this for them.
Hampshire College facing probation or accreditation withdrawal…
SImilarish
“The AA&D layoffs are the latest in a series of austerity measures as Harvard prepares for a potential increase to the federal tax on large university endowments, which could cost the University upwards of $200 million annually. In the fall, Harvard laid off 35 staff members at the School of Engineering and Applied Sciences and 38 information technology workers. The Harvard Kennedy School and School of Public Health also laid off workers earlier last year.”
The endowment tax is hitting this sort of school…(and also losing research money, international students etc etc)
Harvard, Princeton, Yale, MIT & Stanford will all pay an 8% endowment tax. The next tier ($750K-$2 million/student) will pay 4%.
Hillsdale College lobbied to be exempt from the endowment tax and after a religious exemption was successfully challenged, I believe the exemption is now based on a student enrollment threshold of 3000. This spared Williams and other schools that would have been subject to a 4% tax.
This was probably discussed upthread, but I cannot recall.
Worth noting: It isn’t the endowment that’s at issue here, it’s entirely the exposure to danger from cancelled federal grant contracts.
It’s a cashflow problem, not total funding.