College mergers/closures spiking in coming years?

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sycamore tuff said:
I think you are right except for the low taxes. If the feds could limit themselves to doing what the constitution authorized them to they would have plenty of money.
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Far too many giveaways; domestic and international. Now they keep trying to make college free too. And it sounds like our colleges and universities are doing a fantastic job at teaching young adults how to be anti-Semitic and support jihad. The ironic part is these same jihadists they support would kill every LGBT person on these campuses that stepped foot in their little hellhole, and the women certainly wouldn't be attending college or have any rights for that matter.
 

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Jason Svoboda said:
www.wrvo.org

Wells College to close this spring after 156 years

Wells College in Aurora announced it would close at the end of the spring semester, citing financial challenges.
www.wrvo.org www.wrvo.org
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6.6 student to academic staff ratio... sounds great in theory, the truly PERSONAL approach

simply NOT sustainable.

they went co-ed 20 years ago and still couldn't increase enrollment... the news report notes 331 students 3 years ago, what are the numbers today?! wiki notes a $24M endowment...
 
Without looking too much into the hard data I think the biggest reason for college enrollment drops are:

- Employee market. as little as 12 years ago you essentially HAD to go to the college to get a decent job. Just not the case anymore. Being in high school during the Great Recession, college or military were the only choices and I think 99% of my graduating class did one or the other.

- It's just way too expensive. Obviously anyone with a couple of braincells can figure out cost have gotten out of control. I recently spoke to an orthopedic surgeon that had just retired. He said that he went to Northwestern Medical school for almost $3000 a year. In todays money that is about $27,000...with quick look up it appears a year that Northwestern med now costs you about $76,000 and a total of $109,000 when you factor in books, transportation, residence allowance, etc. This is coming directly from their website.

- Student loans. Not only is the upfront cost way too much but the student loan interest is out of control. That shit accrues daily at a real high rate. 10+ years ago there wasn't much attention on student loan debt but now it's been at the forefront of media attention and prospective students are definitely getting blasted with horror stories of the generation(s) before them and their financial mistakes.

- Online universities, certification courses, college credits in high school, etc. There are just so many ways to earn a degree or certifications for certain occupations where you don't have to go to a 4 year accredited school anymore.
 

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I posted about Lindenwood a couple of years ago - they have had a "shady" past financially. About six or seven years ago they were given huge incentives by the city of Belleville Illinois when Lindenwood wanted to expand their campus into Illinois. Belleville turned over the old Belleville West High School buildings, campus and athletic fields to Lindenwood for next to nothing, while making infrastructure improvements including roads and sidewalks. Three years later Lindenwood bailed- leaving the city holding the financial bag. If the Lindenwood is not criminal in their financial negligence they are at least delusional.
 
https://lindenlink.com/175229/news/belleville-campus-sold-back-to-city-after-full-time-programs-were-cut-in-2019/

Lindenwood’s former Belleville campus, which the university bought for only a dollar 18 years ago, was sold back to the city of Belleville for $3 million in early August.

Belleville Mayor Patty Gregory explained that Lindenwood “have put in $45 million in improvements and new buildings” on the old campus. The property was formerly the Belleville West High School which sold for $1 in 2003 as part of a development agreement with the city and Belleville School District.

Gregory said that they had to use a state grant to pay for the $3 million price. However, that grant was not ready at that time, so the city used tax increment finance, or TIF, to complete the deal in mid-September. TIF funds are supported by property taxes and used by city officials for economic development projects.

With Belleville owning the property again, they will have to continue the insurance of the site until they find a buyer or arrange a lease.

“Lindenwood had insured the site as if it was valued at $85 million,” Jamie Maitret, the city’s finance director, said.

Lindenwood shut down its full-time college programs in Belleville in 2019, listing the property for $10 million. Only a few dozen students took classes on the campus in the last spring semester.

Gregory wouldn’t comment on what the city has in store for the purchased property, although the historic buildings, dated as far back as 1915, would remain.

“The city of Belleville certainly looks forward to planning the future of the former Lindenwood campus, so it is utilized to its full potential,” Gregory said in an article.
 
Speaking of algo snooping, just got a post through my feed saying D3 Eastern Nazarene is closing down as of this week.
 

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from some "study" by SmartAsset... no idea of the criteria but have to believe it's suspect if Trine (?) makes the top ten...

haven't found the actual study either, much less a link

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BankShot said:
What ISU would've become w/ another yr. of Curtis @ the helm...

www.masslive.com

Mass. college closing for good extends deal to house migrants on campus

This Massachusetts college is closing, but the institution is extending a contract to keep migrants on campus amid a statewide housing crisis.
www.masslive.com www.masslive.com
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Thankfully we're likely safe due to being a public, state funded institution but I think we're going to see a ton of privates die like we've been seeing the last couple years unless they're sitting on massive endowments.
 
Jason Svoboda said:
Thankfully we're likely safe due to being a public, state funded institution but I think we're going to see a ton of privates die like we've been seeing the last couple years unless they're sitting on massive endowments.
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True but Indiana still has far, FAR too many "physical" campuses... are you tracking the splitting of IUPUI? The State has allocated $60M to both universities (iu, purdue) as part of the split -- how about tell them to pound sand, work like you've worked for the past 50+ years and SAVE the taxpayer that $120M

updated math... $120M TOTAL from state coffers to two schools who DO NOT NEED THE MONEY
 
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