Rest in Peace: College Closings

Presumably includes both merit and need-based scholarships and grants. Note that some scholarships and grants are based on both (e.g. merit scholarships with a need component, or “preferential packaging” of nominally need-based grants), so there is not always a clear distinction between merit and need-based money.

The article does mention a 52.2% discount rate for new frosh, but 46.3% for all undergraduates. That presumably reflects one year scholarships, or scholarships lost due to not meeting GPA requirements, or where need-based aid is reduced in second year (e.g. http://talk.qa.collegeconfidential.com/transfer-students/2148535-help-may-need-to-transfer-need-school-suggestions-chances.html ).

The 35% discount rate mentioned as an indicator of financial trouble seems to be about what elite privates discount at.

@ucbalumnus – When you say “The 35% discount rate mentioned as an indicator of financial trouble seems to be about what elite privates discount at.”

Are you defining discount as FA? I don’t think elite schools need to discount, although the very elite offer generous FA.

I noticed the gap between First Years and all U/G, and since the all U/G figure includes the 1st Years, the difference is even greater.

@CT1417 If you want to do a deep dive on discounting, you can see 2016 data (From Ipeds) presented in tableau/searchable database here: https://highereddatastories.blogspot.com/2019/03/looking-at-discount-2016.html
You can’t do a public vs private comparison, but a quick look at baccalaureate colleges in New England shows a number of elite LACs with discount rates greater than 35% (going by one of the factors from the link in post #395). This data is nice because you can also see average net revenue per freshman per institution as well.

Yes, discounting includes financial aid and scholarships. I.e. basically anything the college gives to a student that reduces its price from its list price.

Faculty and program cuts and budget woes at Millsaps College. Six faculty positions and several majors are being cut and enrollment is below 900, following years of study decline.
https://www.clarionledger.com/story/news/politics/2019/05/22/millsaps-college-jackson-mississippi-cuts-majors-programs/3692545002/

The University of Alaska System Board of Regents just voted 10–1 to authorize the system’s president to declare financial exigency, and he has made it pretty clear he plans to do so, possibly as early as today. This would mark the first time an entire state university system has taken that step.

https://www.ktuu.com/content/news/The-University-of-Alaska-Board-of-Regents-voted-10-1-to-declare-financial-exigency–513045641.html

What is happening in Alaska is frightening @dfbdfb

Another closing being reported today…Midstate College in Peoria, IL
https://www.pjstar.com/news/20190723/midstate-college-to-cease-operations-next-month?cid=db

Marlboro College to merge with the University of Bridgeport…
https://www.nepr.net/post/marlboro-college-plans-merge-connecticut-based-university-bridgeport#stream/0

The U of Bridgeport has over 3k students, but Marlboro has only 195(!) enrolled. I’m not quite sure how the merger will work in practice (Marlboro College is supposed to become the “Marlboro College of Arts and Sciences of the University of Bridgeport”), since the two campuses are about 150 miles apart, so it’s not like students can easily take courses both places in the same semester.

Came here to post the Inside Higher Ed article. Maybe more details: https://www.insidehighered.com/quicktakes/2019/07/25/marlboro-college-merge-university-bridgeport?utm_source=ihe&utm_medium=editorial-site&utm_content=breakingnews

Here’s the link to an analysis, from the 7/26/2019 issue of Inside Higher Ed, of the merger between Marlboro College (Vt) and Univ. of Bridgeport (Conn.):
https://www.insidehighered.com/news/2019/07/26/marlboro-seeing-peers-around-it-close-plans-merge-university-bridgeport

Hampshire is making moves to get off this thread, it seems.
https://www.masslive.com/news/2019/07/cash-strapped-hampshire-college-may-develop-some-of-its-800-acres-for-housing-commercial-use.html

I hope they manage it, @OHMomof2. It’s probably not the right place for any of my kids (D17 is a traditional LAC kind of girl, D19 and D23 are both into Big State Schools™, and it’s already obvious that D25 is going to need something very math-nerd-oriented), but it’s an important option to have on the landscape for a particular sort of student who would thrive best at Hampshire or College of the Atlantic or such.

U Alaska is looking to move to one institution with three main campuses, as opposed to the three separately accredited institutions (Southeast, Fairbanks, and Anchorage–all with associated branch/two-year campuses) that currently exist.
https://www.alaskapublic.org/2019/07/30/ua-regents-move-to-consolidate-university-of-alaska-system-into-one-accredited-university/

Nyack College is facing extremely high debt levels and trying to sell its traditional campus in Rockland to consolidate in part of a NYC skyscraper, which the school owns. I wonder if they will able to pull off the sale. Alarmingly, they apparently just kind of dropped this on students with little warning or information. https://world.wng.org/2019/08/drowning_in_red

The planned merger between Marlboro College (Vt.) and University of Bridgeport (Conn.) has been called off. Marlboro will need to reconsider its options. See the following link to the Inside Higher Ed article about the aborted merger:

https://www.insidehighered.com/news/2019/09/16/marlboro-college-and-u-bridgeport-drop-plans-merge

According to The Chronicle of Higher Education, Cincinnati Christian University will shut its doors at the end of the Fall, 2019 semester.

Just announced…Marlboro will become part of Emerson.

https://www.insidehighered.com/news/2019/11/07/marlboro-will-become-part-emerson-college

I haven’t seen the others, but Franklin Pierce is one of the most beautiful colleges I’ve seen.

“ CONCORDIA UNIVERSITY - PORTLAND CEASES OPERATIONS AFTER SPRING 2020 SEMESTER”

https://www.cu-portland.edu/closure