Colleges in Dire Financial Straits

[Mobius]

Iowa only has three public universities and 15 community colleges. Wyoming has eight community colleges. Striking difference between the two states, as Wyoming's population is about less than a fifth the size of Iowa's.

[FishProf]

Iowa only has three public universities and 15 community colleges. Wyoming has One Public University and eight community colleges. Striking difference between the two states, as Wyoming's population is about less than a fifth the size of Iowa's.

Fixed that for you...

[Wahoo Redux]

Found this interesting and, of course, a little disheartening.  At the same time, a lot of these colleges are seeing upticks in enrollment, sometimes 10% or more, as many more are seeing modest to more pronounced downturns. 

CollegeRaptor: Enrollments by State

[Hibush]

Found this interesting and, of course, a little disheartening.  At the same time, a lot of these colleges are seeing upticks in enrollment, sometimes 10% or more, as many more are seeing modest to more pronounced downturns. 

CollegeRaptor: Enrollments by State

The big are getting bigger. Top enrolments around the Northeast edumegopolis: NYU up 5.5k; Boston U up 3.5k.     In the Southwest ASU (in person) up 3.5k, USC up 3k, UCLA up 3k, Cal up 3k, UCSD up 2k.   These upticks are bigger than the enrolments of the schools that have gone out. 

These are total enrolment, not undergrad. The profitable masters programs make up a big proportion at some.

[apl68]

Found this interesting and, of course, a little disheartening.  At the same time, a lot of these colleges are seeing upticks in enrollment, sometimes 10% or more, as many more are seeing modest to more pronounced downturns. 

CollegeRaptor: Enrollments by State

Not much change in relative rankings in our state.  A couple of schools that are adjacent in the rankings switched places.

Alma Mater and my parents' alma mater both gained a bit, which is heartening. 

The state's HCBU's all appear to have tanked badly, which is deeply concerning.  I would guess that we're going to see some of them on this thread before too much longer.  Come to think of it, I can't recall any local black college-bound students of my acquaintance whom I've heard of going to any of them.  But then nearly all college-bound students of any sort in our town default to the nearest state school, forty miles from here.

[Anselm]

Iowa only has three public universities and 15 community colleges. Wyoming has eight community colleges. Striking difference between the two states, as Wyoming's population is about less than a fifth the size of Iowa's.

Arkansas with less people than Iowa has at least ten 4 year universities that I can think of right now.  Iowa  can use a few more.  I really wish they could build a state version of a SLAC with small classes and no big time sports.  Not everyone is cut out for the large state universities.

[apl68]

Iowa only has three public universities and 15 community colleges. Wyoming has eight community colleges. Striking difference between the two states, as Wyoming's population is about less than a fifth the size of Iowa's.

Arkansas with less people than Iowa has at least ten 4 year universities that I can think of right now.  Iowa  can use a few more.  I really wish they could build a state version of a SLAC with small classes and no big time sports.  Not everyone is cut out for the large state universities.

That's one reason why our local students go mostly to the little state school nearby.  That, and the big state flagship is a very long way away.

Henderson State University filled the "public SLAC" niche for many years in Arkansas.  No longer, since they've now axed liberal arts.  But it's at least still a smaller school available in a region hours from the state flagship.

[Mobius]

Iowa only has three public universities and 15 community colleges. Wyoming has One Public University and eight community colleges. Striking difference between the two states, as Wyoming's population is about less than a fifth the size of Iowa's.

Fixed that for you...

I spotted Wyoming the one. Just looking at how Iowa has such few public institutions of higher learning compared to its population. North Dakota has two flagships and four smaller four-year schools scattered throughout the state, along with some community colleges. Iowa relied on the SLAC model to provide four-year degrees in rural area, and we are seeing the results.

[spork]

Medaille University is going to close now that the acquisition by Trocaire College is off the table. Medaile has run deficits since 2013, its endowment is only $6 million, and it's got more than $22 million in bond debt. It pulls in only $20 million in annual operating revenue but has $35 million in annual operating expenses.

[jimbogumbo]

Medaille University is going to close now that the acquisition by Trocaire College is off the table. Medaile has run deficits since 2013, its endowment is only $6 million, and it's got more than $22 million in bond debt. It pulls in only $20 million in annual operating revenue but has $35 million in annual operating expenses.

Looking at the enrollment Medaille has to be way over discounting tuition.

[spork]

Medaille University is going to close now that the acquisition by Trocaire College is off the table. Medaile has run deficits since 2013, its endowment is only $6 million, and it's got more than $22 million in bond debt. It pulls in only $20 million in annual operating revenue but has $35 million in annual operating expenses.

August 31

[selecter]

I think schools taking part in the teachout will get a good look at some of those discounts.

My guess? 75-80%

[apl68]

I think schools taking part in the teachout will get a good look at some of those discounts.

My guess? 75-80%

I'd never heard of Medaille, Trocaire, or any of the schools offering teach-outs.  Lots of little obscure colleges in that neck of the woods.  I guess the remaining ones are glad to poach some students from the failing school.  The shakeout of struggling institutions in the region may not be over yet. 

Looks like Medaille started out as a teachers' college for Catholic schools.  At some point they abandoned their religious affiliation.  Another school that lost its original mission, and never found much of a distinctive niche to replace that.

[Scout]

I'm from the area and Medaille was a well known player regionally. I don't think losing the religious affiliation was a big loss or win. Most who I know went there didn't go because of its Catholicism.

[apl68]

I'm from the area and Medaille was a well known player regionally. I don't think losing the religious affiliation was a big loss or win. Most who I know went there didn't go because of its Catholicism.

Just out of curiosity--did they have any particular programs that they were known for?