I read that as, if they find a partner things might so substantially change that students who chose Hampshire for what it currently offers might find themselves getting something very different.
But losing that tuition income would be tough, I’d think.
Last I saw, Moody’s rated Hampshire’s bonds at Baa2 and a stable outlook, placing its credit-worthiness in the 9th rung of a 21-rung rating system, having “moderate risk” and two steps above “junk” status.
It’s going to be a tough “yield” year for Hampshire even if it does enroll a freshman class for fall 2019. This could seal its fate.
I don’t care how venerable and even historically important a college is, if your kid is looking at a private college with an endowment that low ($2.9M—not twenty-nine, two-point-nine!), encourage them to walk away. If they don’t, pick them up and carry them away.
Here’s the link to a morning-after “why” analysis of the upcoming closing of Green Mountain College, as published in the 1-25-19 issue of Inside Higher Ed:
Intriguingly, the (few) details were confirmed in a response to a Pittsburgh Post-Gazette inquiry, and I’ve been able to find no mention of it on the RMU website.
@Dustyfeathers College names can be confusing. I learned yesterday that there is a University of Northwestern. It is in Minnesota. Their school color and website is the same purple as the Evanston school.
One of my kids graduated from Northwestern & is now attending grad school in the south. Just about everybody assumes kiddo’s alma mater is Northwestern State University ( in Louisiana) whose colors are…purple & white. :((