The college says it will help those of the 904 students who don’t graduate find other options. Currently about 200 people are employed at the college, which said it would help them find a “smooth transition” to employment elsewhere. The suspension will last at least for the 2017-18 academic year.
Dig deeper into this story and you learn that other colleges are facing similar challenges.
Dowling College filed for Chapter 11 bankruptcy protection in December, moving to sell its two campuses on New York’s Long Island after shutting down last summer due to financial problems. St. Catharine College in Kentucky was shut down in July. Marian Court College closed in 2015. Moody’s has predicted that the number of private college closures will increase over past levels.
That last sentence — “Moody’s has predicted that the number of private college closures will increase over past levels ” — is a stark reminder that college and university leaders are under constant pressure to stabilize their institutions’ bottom lines but to not sacrifice quality instruction and proper staffing levels.