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Colleges in Dire Financial Straits

Started by Hibush, May 17, 2019, 05:35:11 PM

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Hibush

I missed the announcement this spring that Medaille in Buffalo, NY is closing this month.

Followers of this thread will recognize the pattern: small, bad managment, area with lots of excess higher ed capacity, no endowment, big debt, a pointless and unjustified rebranding as University last year, and a pointless extravagant capital project.

This recent blog post detailing the mess brought it to my attention.

apl68

Alfred University, which I assume must be in the same region, is busy pursuing Medaille Students:


https://www.alfred.edu/admissions/medaille/


Which is good for Medaille students who need a new place to go, I guess.  It does smack a bit of somebody warming their hands and roasting weenies by the fire of their neighbors' burning house.
If in this life only we had hope of Christ, we would be the most pathetic of them all.  But now is Christ raised from the dead, the first of those who slept.  First Christ, then afterward those who belong to Christ when he comes.

marshwiggle

Quote from: apl68 on August 10, 2023, 07:43:45 AMAlfred University, which I assume must be in the same region, is busy pursuing Medaille Students:


https://www.alfred.edu/admissions/medaille/


Which is good for Medaille students who need a new place to go, I guess.  It does smack a bit of somebody warming their hands and roasting weenies by the fire of their neighbors' burning house.

If the fire department has given up on it, while it may look awkward, it's basically making the best of a bad situation, since there's no other action that could save it.
It takes so little to be above average.

Scout

#3393
Quote from: apl68 on August 10, 2023, 07:43:45 AMAlfred University, which I assume must be in the same region, is busy pursuing Medaille Students:


https://www.alfred.edu/admissions/medaille/


Which is good for Medaille students who need a new place to go, I guess.  It does smack a bit of somebody warming their hands and roasting weenies by the fire of their neighbors' burning house.

It's likely a requirement to have partnerships for the students. I was at an institution that was a landing spot for a closing college. They were required to find partner institutions who had to put processes in place to help graduate these displaced students. 

ETA: That's what they are referring to here from their website:  "First thing's first. It's critical that you let us know you're considering Alfred University as your teach-out school of choice for the Fall semester. "

Mobius

Alfred is a two-hour drive from Buffalo.

Quote from: apl68 on August 10, 2023, 07:43:45 AMAlfred University, which I assume must be in the same region, is busy pursuing Medaille Students:


https://www.alfred.edu/admissions/medaille/


Which is good for Medaille students who need a new place to go, I guess.  It does smack a bit of somebody warming their hands and roasting weenies by the fire of their neighbors' burning house.

ciao_yall

Quote from: Mobius on August 10, 2023, 05:52:49 PMAlfred is a two-hour drive from Buffalo.

Quote from: apl68 on August 10, 2023, 07:43:45 AMAlfred University, which I assume must be in the same region, is busy pursuing Medaille Students:


https://www.alfred.edu/admissions/medaille/


Which is good for Medaille students who need a new place to go, I guess.  It does smack a bit of somebody warming their hands and roasting weenies by the fire of their neighbors' burning house.

S'mores taste better when there is a whiff of schadenfreude in the smoke, no?

Golazo


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Come, fill the Cup, and in the fire of Spring
Your Winter-garment of Repentance fling:
The Bird of Time has but a little way
To flutter--and the Bird is on the Wing.

Hibush

Quote from: Golazo on August 11, 2023, 05:21:04 PMWVU plans to cut 7% of its faculty, including ALL of its languages. I guess this is the end of WVU as an R1:

https://www.insidehighered.com/news/faculty-issues/tenure/2023/08/11/wvu-proposes-cutting-7-flagship-campus-faculty-all-languages

That may not be the case. The internal communication indicated that departments meeting R1 criteria in funding and graduate training were exempt from review.

dlehman

Regarding West Virginia University, it is worth noting their ongoing battle with their basketball coach.  After a verbal miscue, his salary was cut by $1 million (! I think he was making $4 million/year), then he had a DUI which led to his resignation although he claims he did not resign - this case is still pending, I believe.  While his salary is only (!) 10% of the budget deficit, it is a remarkable amount of money for a basketball coach at a public university.

Golazo


That may not be the case. The internal communication indicated that departments meeting R1 criteria in funding and graduate training were exempt from review.
[/quote]

My point was that it would be hard to have a meaningful graduate program in a lot of areas that WVU offers without any languages. Can you do history without languages? Can you do international political science? etc. I mean: "the university is exploring alternative methods of delivery such as a partnership with an online language app" sounds more like a dubious for-profit.

Sadly there is going to be more of this in WV.   

kaysixteen

Is any PhD in any discipline/ dept, from WVU, considered a decent degree by any scholarly association?

ptr_flint

Does anyone know what's happening at Flint? Just saw this article recently.

https://www.freep.com/story/news/education/2023/07/18/hancellor-deba-dutta-university-of-michigan-flint/70426852007/

Seems like a stark contrast from their goal a year ago on "transformative" changes to make the school viable again. I thought the whole point of bringing in the consultants and the proposed 100$ million investment was a hope for improvement. Seems at this point even the chancellor gave up and is running


BadWolf

QuoteMy point was that it would be hard to have a meaningful graduate program in a lot of areas that WVU offers without any languages. Can you do history without languages? Can you do international political science? etc. I mean: "the university is exploring alternative methods of delivery such as a partnership with an online language app" sounds more like a dubious for-profit.

Sadly there is going to be more of this in WV.   

None of these things have a large impact on making a school an R1. Engineering and sciences, on the other hand, have a HUGE impact.

Carnegie Classification: institutions that awarded at least 20 research/scholarship doctoral degrees during the update year and also institutions with below 20 research/scholarship doctoral degrees that awarded at least 30 professional practice doctoral degrees in at least 2 programs. Excludes Special Focus Institutions and Tribal Colleges and Universities.

The first two categories (R1 and R2) include only institutions that awarded at least 20 research/scholarship doctoral degrees and had at least $5 million in total research expenditures (as reported through the National Science Foundation (NSF) Higher Education Research & Development Survey (HERD)).


Sponsored Research in the Humanities and Social Sciences are pennies compared to Sciences. There's just no getting around that. Plus WVU has a Medical School. They're not in any danger of losing their R1 status.

There are 146 R1's, in case anyone was interested: https://carnegieclassifications.acenet.edu/institutions/?basic2021__du%5B%5D=15

And yes, WVU is a well-respected school in many circles. I'm sorry if you think the West Virginia stigma works against them.

kaysixteen

Any serious scholar in a wide variety of disciplines (not all, of course), not just humanities, must be able to at least read German and probably also French.   Etc.   It is not possible, simply put, for Bubbaville St U to retain its serious university status without foreign languages.