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This Week In College Viability (TWICV) for June 24, 2024
Manage episode 425441737 series 3526900
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This week's top headlines:
+ Cash is King at Lindenwood University
+ Do protests really impact enrollment that much? Emerson College says it does.
+ U Arts (PA) closure is still a mess
+ Ryan Craig: The Financial Responsibility Emperor Has No Clothes
+ College sports is not a cure-all for enrollment and finances Concordia Ann Arbor is eliminating them all.
It is very difficult to see a strong fall enrollment term for almost all public and private colleges in the U.S. There is some anecdotal evidence that publics are faring better than privates, but we won’t know until early this Fall.
More colleges will certainly close and many more will continue with cutbacks and layoffs.
The U Arts debacle really concerns me. It is evident that this college did not have the management and leadership hutspa to run a college. I am concerned that the chaotic closure process there might become more common. The short-notice closures are starting to happen more often.
If college closures become a national embarrassment, how will that impact the industry? The students? The many stakeholders?
There will continue to be many colleges (Like Lindenwood University) that are financially strong and have the capacity to take in the students from closed colleges. If a public perception continues to develop that college is a financial risk for too many students, the consolidation in the form of closures and consolidations will speed up rapidly.
Stay tuned.
College Viability series of Apps
2024 Private College Viability app for Executive Analysis
2024 Private College Viability app for Faculty & Staff
2024 Private College Viability app for Students & Families
PUBLIC COLLEGE APPS
Executive Analysis version
Show note links:
Lindenwood University to lay off staff and cut positions amid enrollment fears
Hampshire College (Mass) cuts staff benefits citing financial problems
Emerson College Reveals Low Enrollment Numbers, Partly Due to Pro-Palestinian Protesters
‘Trusting God,’ furloughed employees guide Clarks Summit University through financial crisis
A week after UArts closure, here are some questions answered and what comes next
University of the Arts lacks the cash to pay employees money it owes them under federal law
The Financial Responsibility Emperor Has No Clothes (No link. Search for Ryan Craig and The GAP newsletter)
A small university with a heavy investment in intercollegiate athletics shutters its sports programs
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