Thursday, June 18, 2015

And another one bites the dust...

Marian Court College in New England has announced it is shutting down.
https://www.insidehighered.com/news/2015/06/18/enrollment-declines-drove-closure-marian-court-college
You're looking at what will be its last graduating class, compliments of "Inside Higher Ed":
According to the online news medium, the 50-year-old Catholic college, 15 miles from Boston, has a weak fall enrollment and no new sources of funding.

Query: How many more of us are in the same boat?  Time will tell... and it may not be all that much time.

Problem is that many in the non-profit, private-college sector don't believe there is a crisis.  Faculty are loath to teach more.  Administrators are chary about giving up their fat salaries.  We keep building ever bigger, better and costlier amenities to compete with our neighbors.

Meanwhile, aprents don't have the home equity on which to borrow tuition that they had pre-2008.  And confidence in the value of our product is declining as our tuition rates keep climbing.

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