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

Thanks for sharing the article @oldmom4896. I didn’t want to like your post, because the article is not exactly happy news, but I appreciate you connecting us with it.

But what’s even more interesting/depressing/alarming is:

More than 120 institutions are at the very highest risk, according to the forecast by Huron Consulting Group

And though the enrollment cliff has been discussed for well over a decade, additional factors (like the drop in international students and upcoming caps on federal loans) means that more colleges might be in the danger zone and that the increased risk was not very foreseeable:

There are already [u]2.3 million fewer students[/u] than there were in 2010. A drop in the birthrate that began around the same time means there is about to be [u]a further downward slide[/u] in the number of 18-year-olds through at least 2041.

Among the other factors:

  • The proportion of high school graduates who go on to college is also down, from [u]70% in 2016 to 61% in 2023[/u], the most recent year for which the figure is available.

  • The number of visas issued for new full-tuition-paying international students coming to the United States [u]plummeted by nearly 100,000[/u] this year, or 36%.

  • And looming caps on federal loans for graduate study, which take effect in July, threaten to reduce demand for yet another crucial revenue source.

So although the general risk of closing has always been around, potentially for around 1/4 of colleges, it seems the scale of it is much larger than it has been previously:

Eighty-six percent of college and university leaders [u]are worried about their schools’ long-term financial viability[/u], according to a survey in December by the American Council on Education, the principal industry association. A fifth of college and university presidents say they’ve had [u]serious discussions about merging with another university or college[/u], a separate survey by Hanover Research and the industry news site Inside Higher Ed found.

And though we discussed the harms that often impact students at closing schools, I don’t think we can ever be reminded too many times:

Fewer than half of students at colleges that close continue their educations, according to the most comprehensive study of the issue, produced by the State Higher Education Executive Officers Association, or SHEEO. Of those who do, many lose credits they’ve already earned and paid for, and fewer than half eventually earn degrees.

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I have to think the international angle will play large over time.

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I don’t think Anna Maria College has been mentioned on this thread.

Anna Maria College in Massachusetts is at risk of closing. Why small schools are vulnerable. - CBS Boston

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Boston Globe is reporting that the Hampshire College trustees have decided to close the college, announcing a ‘transition to closure.’ I don’t have a gift link to Boston Globe, I expect other media will pick this story up today.

I do wonder if another consortium member will absorb the facilities/land, or even another Boston area college (Northeastern you are on the clock :rofl:)

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I think this is a free article about Hampshire College

https://www.masslive.com/education/2026/04/hampshire-college-to-close-after-years-of-financial-struggles.html

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I doubt if Northeastern is interested in a campus in a rural/small town area.

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Here is the letter from the Board of Trustees leaders that they sent out to the Hampshire community.

To the Hampshire College Community:

Seven years ago, the Hampshire community presented the College with a powerful mandate: to maintain independence and remain true to Hampshire’s deepest-held values. Since then, we have all worked together toward those goals, facing daunting challenges with the ingenuity and resolve that define the best of what happens here. We left no stone unturned, no solution unexplored, and made many sacrifices along the way.

Despite this herculean effort, the financial pressures on the College’s operations have become increasingly complex, compounded by shifting external factors. As President Chrisler has shared regularly with our community and our regulatory agencies, we worked aggressively to increase enrollment, refinance existing debt, and realize new revenue via the sale of a portion of our land. We have long known that addressing these issues is essential to establishing a stable financial foundation, supporting long-term operations, and meeting regulatory requirements. We are faced with the clear, heartbreaking reality that progress on each of these three key factors has fallen far short of what we had hoped.

As a result, the Board of Trustees voted to permanently close Hampshire College following the Fall 2026 semester. The rationale behind this painful vote reflects several realities. The College no longer has the resources to sustain full operations and meet our regulatory responsibilities. The inability to substantially grow enrollment would mean extraordinary cuts to our operating budgets to educate the student body we can reasonably anticipate. Additionally, the degree of short-term debt tied to our land assets means that even a favorable sale would not change our long-term financial trajectory given current enrollment.

The timing of this decision assures that we can leverage the institution’s limited financial resources to facilitate a transition that allows our current students to complete their undergraduate education (either here or at a partner institution), is respectful of our faculty and staff, maintains the value of a Hampshire College degree, and honors the lasting legacy of Hampshire and its alumni.

We write today to share this information and what it means to you as early as possible. We have assessed and planned for much of what needs to happen going forward, but many details need to be resolved, and we will offer more information in the coming days.

To our current students:

Every day we’ve spent as leaders at Hampshire has shown us the importance of what you do here. We know this is an incredible disruption to the trajectory you had planned for your college experience, and we are committed to doing everything in our power to support you in completing your studies.

The College is working with the Massachusetts Department of Higher Education and the New England Commission of Higher Education (NECHE) on teach-out plans that would prioritize students’ academic progress. That planning, subject to approval, includes two pathways: Division III Completion and Transfer.

The Completion Pathway allows Division III students to complete their degrees at Hampshire College. We are using summer field study to prepare students to complete their independent Div III project during the Fall 2026 semester. Students completing their degree with us will have campus housing and supports available for the fall semester.

The Center for Academic Support and Advising (CASA) will review the standing of advanced Division II students to identify those who may be eligible for an accelerated path to degree completion at Hampshire by December 2026.

For students in the Transfer Pathway, Hampshire has agreements in place with a number of transfer partner institutions:

● Amherst College

● Bennington College

● Mount Holyoke College

● Massachusetts College of Art & Design

● The Massachusetts College of the Liberal Arts (MCLA)

● Prescott College

● Smith College

● The University of Massachusetts, Amherst

These institutions are in the process of partnering with Hampshire to develop specific credit mapping procedures aimed at enabling the smoothest possible transition for our students.

Hampshire’s Center for Academic Support and Advising (CASA) will assist you with selecting an institution and preparing needed documentation to transfer.

The College will host a transfer resource fair on campus prior to the completion of the Spring 2026 semester. Students should check their Hampshire email regularly for more information. Throughout the teach-out, staff in CASA and financial aid will support students in their process. Teach-out resources and further information will be updated here: www.hampshire.edu/closure-information.

We will hold Commencement on May 16, 2026 for eligible graduates, and a Commencement ceremony next winter for those who complete in December.

Our counseling team is available to provide support and resources to students in managing this transition.

To Admitted Students:

One of our reasons for announcing this news now is to ensure that you can fully consider your other options. All deposits will be refunded. In addition, our admissions team would be happy to provide information for admitted students who put down a deposit to support exploring other options. Please email admissions@hampshire.edu.

To Faculty and Staff:

Faculty and staff are the heart of our institution. We cannot offer enough appreciation for your efforts to maintain our students’ academic and student life experience during a challenging time.

A limited number of staff and faculty will be essential to properly support students completing their degrees at Hampshire College. A number of roles and positions will be ending as we focus limited financial resources on the essential work of helping students complete their degrees.

We are moving quickly to determine which roles will be impacted to best allow our employees time to prepare.

We will be communicating separately with more details on the transition process, regulatory requirements, and next steps.

To Alums:

As part of the closure process, we have a process for maintaining access to records/transcripts and other information relevant to alumni. We will also continue to reinforce in every possible venue that the quality of Hampshire’s academic programs was never in question.

Non Satis Scire**: Closing thoughts**

Hampshire’s board made its decision only after exploring every possible alternative. Nearly every trustee is an alum, and we share in the community’s heartbreak. Yet we know that you will come together, as you always do, to support each other and take much-deserved pride in what makes this college unlike any other.

Since its founding in 1965, Hampshire College has been home to a group of deeply curious, creative people who have radically reimagined the liberal arts, using a singular, distinctive model designed to change and respond to the most pressing issues facing society. We remain unwavering in our belief that the experience a Hampshire College education provides is exactly what the world needs. For more than five decades, our remarkable students, faculty, staff, alumni, and friends have brought the College’s motto, “To Know Is Not Enough,” to life. We are committed to preserving this profound legacy and to ensuring that the story of Hampshire’s unique and audacious vision will continue to serve as an inspiration to bold, iconoclastic thinkers well into the future.

Sincerely,

Jenn Chrisler, president
Jose Fuentes 05F, chair of the board
Elle Chan 87F, chair-elect

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Sad - one of the bigger names with many well known alums. But since someone published an article 3 or 4 months ago, well the right up didn’t seem like there was a path.

It’s nice the local schools are participating (and similar in some ways Bennington). If you can pick up an Amherst degree, well you’ve done pretty well. Any of them really. Your experience will be very different, of course. And faculty will lose jobs and all that stinks.

I like how they did this before May 1. No doubt any student who declined a spot elsewhere can get it back if needed - provided the school isn’t run by a bunch of a-holes.

It seems like, on paper at least, they’ve done a nice job here - in a very tough situation.

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Gift link

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Thank you for the gift link to that article, @cinnamon1212. It’s unique in terms of how it shows the damage that college closures are likely to have in a way that other articles haven’t (that I recall). Others have talked about the faculty and staff, or the local economy, or the effects on students already enrolled in the college. This one has a greater focus on the untold numbers of students who will be lost before ever stepping foot on a college campus.

roughly half of students at four-year colleges still attend one within 50 miles of home.

The result is a market divided into two: one built on national brands that attract high-performing students from everywhere, and another that serves a local and regional population of place-bound students.

When local options for a campus-based experience disappear, so do students in higher education overall.

“When you close the campus, you lose the students who would have gone there,”

I am curious how this will play out longer-term. Below are snips of maps from this website Dashboard: Where Will America's Colleges Close Their Doors? - U3 Advisors

There are states and MSAs that have relatively few colleges to begin with, so for those to be in danger of losing a significant portion of their colleges definitely raises concerns about the regions where they are located.

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Thank you for posting this. Important information.

The last college which closed in my area (private, religious, many first gen students) had agreements in place with a few other institutions. The interviews with the students who did NOT successfully enroll in one of these other places to finish their degrees were heartbreaking. Buses which stopped running too early for the student to make it from their workplace to the campus and back home. Credits which would not be accepted which would push them back a year. Tuition frozen for junior year (yay!) but not senior year so unclear if they could afford to complete a degree. And this was an urban institution- not a rural school where there are many fewer options.

Ugh. I get the “not everyone needs to go to college” argument. But surely there needs to be a balance.

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Seems like the most difficult undergraduate situation with respect to college closing would be those who have one or two semesters left before graduation. Transfer as a senior may be less likely to be allowed at other colleges (so the student may be limited to the designated teach-out colleges). Even if allowed, the student who has completed junior year may find a greater risk of mismatch in courses taken (particularly upper level courses in major that they presumably have started taking), major requirements, and general education requirements between the old and new colleges, increasing the risk of needing extra semesters to graduate.

Students who attended the closing college at low net price may also be at financial risk if colleges they could transfer to are more expensive.

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While I understand that some people (and an increasing number of people) won’t have access to a brick and mortar college, it doesn’t make business sense to have more college spots than people looking to attend college.

The last decade has seen incredible growth in online only degrees as well, so hopefully some people without access to a physical college will make that choice.

I would like to see Hampshire partner with at least one online program so that students can’t are less likely to fall thru the cracks, as @blossom illustrated.

(and don’t at me people, yes, one can major in engineering, lab science, nursing through a growing number of online only colleges or brick and mortar colleges offering online only degrees.)

IMO, there are far more headwinds in tertiary education, especially the four year residential model, than the closing of several hundred relatively small colleges in a market with a glut of college seats. AI, costs, focus on ROI, continued decline in people (gen z, millenials) who believe college is a good investment of their time and money, decline in proportion of males attending colleges, etc, are all factors that are less than positive for the four year residential model.

It also costs too much money to deliver that product, so much in fact that many of the most elite colleges are subsidizing even full pay students (meaning full COA is less than it costs the college to deliver the ‘experience’.)

We need innovation stat. Innovation like the fully online model (I just saw Oregon State is offering fully online mech engineering BS degrees, which I think is relatively new?), and the three year bachelors model. Both of those innovations may continue to grow, but who knows what the next decade will bring.

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Online learning is a possibility, but The Atlantic article mentioned how few students who are the “traditional” college-age demographic are selecting them, and that they tend to opt out of higher ed rather than selecting online ed as an option:

Such hybrid options might work for some place-bound teenagers, but online courses aren’t a replacement for most teenagers right out of high school. “If you’re an 18-year-old and can’t go the traditional route, you’re probably not going to choose a degree program of any kind,” Michael Koppenheffer, a vice president at EAB, an enrollment consulting firm, told me. Only about 16 percent of undergraduates ages 15 to 23 took classes for their entire degree fully online in 2019–20, the most recent numbers available from the Department of Education.

When local options for a campus-based experience disappear, so do students in higher education overall.

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If you look at the history of Hampshire College, at its founding the seeds were laid for its quick (in terms of the lives of colleges) demise. For perhaps the biggest error, it wasn’t seeded with a solid endowment, and the financial projections assumed that the growth of the higher-ed sector was going to continue straight-line forever from its peak in the 50s and 60s. (Which was the case for a while! But not long enough to let Hampshire become truly stable before demography happened.)

Now that we’ve reached this point, the remaining item of significant interest to me is whether Mount Holyoke, Smith, Amherst, and/or the University of Massachusetts take up any part of its (then and still) experimental curriculum—those were the four institutions that essentially offloaded intensely student-directed study by creating Hampshire back in the day, but higher ed has become ever more risk averse the past couple decades, so is there any appetite for continuing Hampshire’s legacy?

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This.

I can’t speak to the Higher Ed stats. But in corporate learning and development/professional development and training, certification, etc. the divide seems pretty clear. Highly educated professionals do very well with online learning. The less education one has, the greater the struggle. Even for relatively simple learning modules (so neither a degree nor a certification- but just training that’s required of all employees) the difference is apparent.

I can’t fathom how frustrating it could be for someone to learn "Introduction to Western Civilization” or “Writing and Rhetoric” or another freshman year type survey course with only the online option.

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Yes—but innovation has limits.

Basically, higher ed (K–12 education too, maybe particularly at the primary level, though that tends to be less visible because of the way funding for it is done) runs directly into Baumol’s cost disease—and that’s something that innovation hasn’t been good at handling, in any sector.

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I grew up in New England and know SO MANY highly successful adults who graduated from Hampshire.

Some of them for sure would have been fine anywhere else. Some of them likely could not have made it through a more traditional college. And some of them would have dropped out and still been successful.

But it wasn’t seen as the “degree of last resort” back in the day. It was viewed as an innovative way to approach college- and I know a lot of “innovator types” who wanted that for their college experience.

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For anyone who’s like me and was not familiar with this term:

https://www.unesco.org/en/articles/baumols-cost-disease-long-term-economic-implications-where-machines-cannot-replace-humans

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Sad

https://www.wwlp.com/news/local-news/hampshire-county/hampshire-college-to-close-permanently-after-fall-2026-semester/

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