Rest in Peace: College Closings

Those 4 in MinnesotaDadof3’s link are:

:black_medium_small_square:Bethune-Cookman University, in Florida, citing standards relating to integrity, governing board characteristics and finances.
:black_medium_small_square:Fisk University, in Tennessee, citing standards related to financial responsibility, control of research funds and federal and state responsibility.
:black_medium_small_square:Louisiana Delta Community College, citing standards relating to student outcomes and financial responsibility.
:black_medium_small_square:Salem College, in North Carolina, citing a series of standards related to finances

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St. Augustines University, a 151-year-old, historically black university in Raleigh, N.C., appears to be in a more tenuous condition as it potentially could lose accreditation in a year. See the following Chronicle of Higher Education article:

https://www.insidehighered.com/news/2018/08/08/leaked-documents-call-question-saint-augustines-universitys-future

it is rare to see a public college close no matter how low enrolment falls. They will be propped up financially due to political issues. This is the case with the PASSHE schools, especially Cheney University.

The number of colleges is too many. The total number of students admitted is also too many. There is overall over- capacity across the colleges/universities >> both when comparing with the demand for college students and when comparing with the number of high school graduates ready for colleges.

It is wasteful of social resources.

However, under this overall excessiveness, there are also many underserved groups/communities/regions/academic fields, etc. Keeping more schools will not necessarily solve/improve the underserved, neither opening more schools, unless there are macro policies or targeted incentives for the ‘underserved’.

I’m pretty sure Saint Augustine’s is a private college affiliated with the Episcopal Church, which makes it even sadder to see a college with such historical value in danger of closure.

It is deeply troubling to me that information relating to the president’s personnel records was publicly released. I would have concerns about the ability of the board members to properly do their jobs.

Actually…the PASSHE enrollment numbers are about the same as they were 10 years ago. The state funding is the same as it was 20 years ago…there is the real problem, change or challenge. The state doesn’t value higher education. The true state schools(has to raise the tuition 3% this year while the state related are likely not raising rates - Pitt, temple and PSU).

Valparaiso Law School announced that it will close (date TBD), following the state of Tennessee’s rejection of the law school’s transfer to Middle Tennessee State University. See the following article from Inside Higher Ed:
https://www.insidehighered.com/news/2018/10/31/valparaiso-law-school-will-close-following-unsuccessful-attempt-transfer-middle

Valparaiso Law School is one that I think should have gone away, IMHO. It seemed to have been created according to some news articles as a money maker for the larger uni and the graduates had very small chance of ever getting a job that required a law degree. It seemed much like a degree mill, according to news articles, that burdened its graduates with much debt and little chance of paying it off, because the job prospects were so poor.

https://www.nytimes.com/2016/06/19/business/dealbook/an-expensive-law-degree-and-no-place-to-use-it.html

https://www.lstreports.com/schools/valparaiso/ shows poor outcomes for Valparaiso law graduates.

Nowadays, tough outcomes for anyone who doesn’t go to a T14 law, unless they have serious connections. Or lower expectations.

https://www.insidehighered.com/news/2018/11/05/iowa-wesleyan-could-become-latest-small-college-close?utm_source=Inside+Higher+Ed&utm_campaign=aaee823a62-DNU20181105+A%2FB+Test&utm_medium=email&utm_term=0_1fcbc04421-aaee823a62-228265881

Iowa Wesleyan has been in trouble for some time, so the possible January 2019 closing is not a surprise. One of Abraham Lincoln’s sons graduated from there – long ago, of course.

I learned at a meeting today that NEASC (now called NECHE) in New England is completely adjusting processes for accreditation to avoid another Mount Ida.

Sad to think that Iowa Wesleyan could disappear. It would mean no 4-year institution in that part of the state.

It’s too bad Ohio Wesleyan is struggling. It is one of two liberal arts colleges (I think) that offers a botany degree.

Perhaps the real news is that Forbes gave them a “B” financial grade last year. How do you go from a B rating to closing the doors in a few months?

Iowa Wesleyan, not Ohio.

Thank you for setting me straight!

Sage Colleges is disbanding the all-women’s character of Russell Sage College (Troy, N.Y., since 1916), as it combines its co-ed Sage College of Albany with Russell Sage College while maintaining both campuses. If having the two varied campuses – one co-ed, one not – created too much confusion as the below Inside Higher Ed article quotes, why have gone that direction in the first place?

https://www.insidehighered.com/quicktakes/2018/11/06/sage-colleges-will-combine-ending-women’s-college

I suspect financial constraints have motivated the change. The Sage Colleges were downgraded in March to a Caa1 rating by Moody’s, with a negative outlook. That makes Sage the lowest-rated educational institution in the U.S. except for the University of Puerto Rico. Tuition revenue declines weakened the colleges’ financial viability, Moody reports.

A Caa1 bond rating places Sage on the 17th rung (from the top) on a 21-rung rating scale. Moody defines the Caa score as “speculative of poor standing and subject to very high credit risk.”

Sage put its Troy athletic center up for sale in August, asking $1.37 million, because it needs the money. See the following link to the Times Union newspaper article:

https://www.timesunion.com/news/article/Sage-Colleges-puts-Neff-Athletic-Center-up-for-13158191.php

https://www.insidehighered.com/quicktakes/2018/11/15/baptist-seminary-close?utm_source=Inside+Higher+Ed&utm_campaign=4f7fed58a7-DNU_WO20181112_PREV_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-4f7fed58a7-198171250&mc_cid=4f7fed58a7&mc_eid=92c29ca1ec