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Colleges in Dire Financial Straits

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

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TreadingLife

#930
May 11, 2020, 04:33:53 PM
Quote from: Hibush on May 11, 2020, 02:23:23 PM
Edmit financial health = low; Forbes financial health grade = D.

Damn, they must be really doing poorly if those are their scores. My institution is ranked "high" and Forbes gave us a C rating and I'm still not sleeping well given the numbers and projections I have seen.

Wahoo Redux

#931
May 11, 2020, 06:37:40 PM Last Edit: May 11, 2020, 06:44:18 PM by Wahoo Redux
Quote from: TreadingLife on May 11, 2020, 04:33:53 PM
Quote from: Hibush on May 11, 2020, 02:23:23 PM
Edmit financial health = low; Forbes financial health grade = D.

Damn, they must be really doing poorly if those are their scores. My institution is ranked "high" and Forbes gave us a C rating and I'm still not sleeping well given the numbers and projections I have seen.

Edmit lists a great many institutions, a number of which have been in the news lately because of their finances, as "high"-ly ranked.  I'm not sure I see the point if Forbes' grades are accurate.
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

#932
May 12, 2020, 06:53:47 AM
Quote from: TreadingLife on May 11, 2020, 04:33:53 PM
Quote from: Hibush on May 11, 2020, 02:23:23 PM
Edmit financial health = low; Forbes financial health grade = D.

Damn, they must be really doing poorly if those are their scores. My institution is ranked "high" and Forbes gave us a C rating and I'm still not sleeping well given the numbers and projections I have seen.
I suspect that there are no emergency powers available to the president that will improve the situation.

apl68

#933
May 12, 2020, 09:46:52 AM
Quote from: Hibush on May 12, 2020, 06:53:47 AM
Quote from: TreadingLife on May 11, 2020, 04:33:53 PM
Quote from: Hibush on May 11, 2020, 02:23:23 PM
Edmit financial health = low; Forbes financial health grade = D.

Damn, they must be really doing poorly if those are their scores. My institution is ranked "high" and Forbes gave us a C rating and I'm still not sleeping well given the numbers and projections I have seen.
I suspect that there are no emergency powers available to the president that will improve the situation.

Not unless he has access to some very convincing counterfeiters. 
And you will cry out on that day because of the king you have chosen for yourselves, and the Lord will not hear you on that day.

sonoamused

#934
May 12, 2020, 11:25:59 AM
Quote from: Hibush on May 08, 2020, 06:44:51 PM
Wells College president questions continuation.  A small rural school that went coed relatively recently, and tried a big drop in tuition to attract more students.
"If New York State continues its mandate that our campus remain closed through all or part of the fall semester, Wells simply will not receive enough revenue to continue operations," Gibralter said. "A substantial amount of the College's operating budget comes from room and board revenue, so without enough students participating in our residential life, the College cannot afford to reopen."

Motto---Where bright futures thrive

Wells has struggled for a long time.    I interviewed there quite some time ago, and while there were a lot of things about it that impressed me, I am still not sure how it was it is business then.

Wahoo Redux

#935
May 13, 2020, 08:57:36 AM
Said before, vote Dem .
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.

Wahoo Redux

#936
May 13, 2020, 09:22:02 AM
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.

Parasaurolophus

#937
May 13, 2020, 11:05:27 AM
Northwestern is suspending all retirement contributions until the end of fall; Johns Hopkins for a year.
I know it's a genus.

marshwiggle

#938
May 13, 2020, 11:43:32 AM
It takes so little to be above average.

secundem_artem

#939
May 13, 2020, 11:55:09 AM
Quote from: Parasaurolophus on May 13, 2020, 11:05:27 AM
Northwestern is suspending all retirement contributions until the end of fall; Johns Hopkins for a year.

Us too.  For an "indefinite" period.  FWIW, I think this is their alternative to layoffs and furloughs.  Not that those will not be real possibilities once we find out what fall's enrollment numbers are.
Funeral by funeral, the academy advances

Wahoo Redux

#940
May 13, 2020, 01:25:18 PM
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.

spork

#942
May 13, 2020, 02:56:25 PM
Quote from: TreadingLife on May 13, 2020, 02:35:42 PM

Another merger. This time Pine Manor College will be merging with Boston College.

https://www.insidehighered.com/news/2020/05/13/live-updates-latest-news-coronavirus-and-higher-education

This is fundamentally a real estate deal: BC gets the campus in exchange for taking on Pine Manor's debt. In two years there won't be anything "Pine Manor" anymore.

No way any faculty or staff cut loose from Pine Manor will land jobs at BC.
It's terrible writing, used to obfuscate the fact that the authors actually have nothing to say.

dismalist

#943
May 13, 2020, 04:34:15 PM
Quote from: spork on May 13, 2020, 02:56:25 PM
Quote from: TreadingLife on May 13, 2020, 02:35:42 PM

Another merger. This time Pine Manor College will be merging with Boston College.

https://www.insidehighered.com/news/2020/05/13/live-updates-latest-news-coronavirus-and-higher-education

This is fundamentally a real estate deal: BC gets the campus in exchange for taking on Pine Manor's debt. In two years there won't be anything "Pine Manor" anymore.

No way any faculty or staff cut loose from Pine Manor will land jobs at BC.

Yes, of course.

What caught my eye in the article was the sentence: Pine Manor enrolls 423 students, according to the most recent federal data.

There is no way, no way, any State, other donor, AAUP sponsored petition, political party, the Feds, or anybody else is willing to financially save such tiny institutions, and for good reasons.
That's not even wrong!
--Wolfgang Pauli

mamselle

#944
May 13, 2020, 05:31:21 PM
Pine Manor and BC have been sort of connected for awhile anyway, I think.

M.
Forsake the foolish, and live; and go in the way of understanding.

Reprove not a scorner, lest they hate thee: rebuke the wise, and they will love thee.

Give instruction to the wise, and they will be yet wiser: teach the just, and they will increase in learning.
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