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- Jon Marcus reports on new research projecting that more than a quarter of private colleges are currently at risk of closing.
- What are the root causes of the funding crisis facing many higher education institutions?
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More than a dozen newborn lambs cavorted around a fenced-in yard beneath the scrutiny of their mothers and a few watchful students taking turns attending to them.
The lambs’ successful births have been a needed bright spot at tiny Sterling College, which uses a 130-acre farm to teach agriculture and other disciplines in a part of northeastern Vermont so isolated it’s rare to see a passing car and there’s no cell service.
LillyAnne Keeley, a senior, likes that remoteness. “We have a beautiful view,” said Keeley, in the barn where she’s come for her turn checking on the lambs. “There are beautiful sunsets here. I kind of take it for granted every day.”
She and her classmates have started taking such experiences less for granted now, since Sterling has announced that it will close at the end of this semester.
They’re not the last students who will suffer such disruption. A new estimate projects that 442 of the nation’s 1,700 private, nonprofit four-year colleges and universities, with a combined 670,000 students, are at risk of closing or having to merge within the next 10 years.
More than 120 institutions are at the very highest risk, according to the forecast, by Huron Consulting Group, which analyzed enrollment trends, tuition revenue, assets, debt, cash on hand and other measures. Many are, like Sterling, small and rural.
“Now that this might be gone, I just really worry about some students out there that are going to have less and less choices,” Keeley said.
It’s a crisis whose magnitude has been shrouded by political and culture-war attacks on higher education and is propelled by the simple law of supply and demand after a long decline in the number of Americans who are going to college.
“We have too many seats. We have too many classrooms,” said Peter Stokes, a managing director at Huron. “So over the coming five to 10 years, this shakeout is going to take place.”
Read the full article about private colleges at risk of closing by Jon Marcus at The Hechinger Report.