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The trend of small under-funded private colleges facing financial difficulties is not new in the slightest, and has accelerated due to the pandemic. Particularly those colleges that already have trouble attracting students, this does not bode well, however you want to cut it. Many of these so-called CTCLs will be among the first on the chopping block. |
Ha ha my reaction was the opposite. This post simply proves that the kid who got into the top LAC went, as predicted, and the one who didn’t/couldn’t has parents who need to justify things by claiming that CTCL schools are somehow special. |
For the love of pete, who hurt you? Surely, there’s some interesting back story to this person (oh, wait, ‘PEOPLE’) who keeps this going. |
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I don't understand this thread. The message seems to be, "your loser kids couldn't get into better schools, so they'll just have to make do with underperforming, in danger of going bankrupt schools"?
Why? Are people in this metro area so miserable that they actually care about other people's choices that much? I agree, it's a cringeworthy name, but I liked their college fair. And the kids attending these schools are probably not in any danger of turning into competitive jerks, like some people on this forum. |
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I'm one of the CTCL boosters but I agree that the financial stability concern is a very real one. Some of the CTCLs will disappear, along with many other LACs and many private schools for elementary, middle, and high school students. The demographic-economic problem won't be limited to Marlboro.
But I think most CTCLs will probably survive because they offer something special and valuable. Most CTCLs are really improving their career services offices and trying to increase the emphasis on practical skills. Even at the artsier ones, you see a lot more double majors--theater and econ or women's studies and bio--than you did before. They aren't as flakey as some people think. Many CTCLs were way ahead of the curve on the importance of collaborative learning. Since collaboration matters a lot in the real world, that also gives CTCL grads a small leg up. CTCLs don't send nearly as many graduates to Wall Street, management consulting firms, and professional schools, so barring a near miracle--like an alum running Intel or Apple--most CTCLs aren't going to thrive financially the way the NESCAC colleges do. In case you didn't get the reference, graduates of Grinnell (which used to be a CTCL) and Reed (which still is a CTCL) became billionaires at Intel and Apple. Anyway, if you're considering Beloit, yeah, maybe you should worry a bit about its finances. But you'll get a lot more individual attention at Beloit than you'll get up the road at the University of Wisconsin, and the financial situation in Madison isn't so great either. And if you are choosing between Beloit and Bowdoin, I agree that Bowdoin's stronger financial condition is one of many reasons to prefer Bowdoin. I still like Beloit a lot. |
Tot-a-ly. And it’s an evolving state of play. Marlboro, Antioch… those were super small colleges. Beloit? Denison? Enrollment may be up or down but it’s still fairly stable, and when you’re looking at a class of 300 it’s very different from looking at a *college* of 300. |
I generally agree that smaller/poorly-funded colleges - including some of the CTCLs - are going to have serious problems/go out of business. And, I agree that Galloway's multi-dimensional approach - include financial, selectivity, general outcomes, etc. criteria - appears reasonable. That said, his detailed methodology is/was horrifically bad. "Ron" - one of the commenters on his website played around with the spreadsheet... No matter how many colleges are included, the overall formulas require that about 25% end up in each category. So... Include just the NESACS... Conn College... you're perishing (er... challenged)... Include just the Ivies... Brown? Dartmouth? Add dummy rows representing the other 3000 colleges in the country, nearly all of Galloway's current list of colleges (USNews' National Universities/LACs) end up "thriving"... Other commenters mentioned "struggling/challenged/perishing" colleges with significant endowments - Dennison, etc. - and DCUM'ers have mentioned Grinnell... How could these be "struggling" given their endowments... Galloway's spreadsheet includes the real world's highly skewed endowment per-capita distribution, but its formula uses strict percentile rank-ordering when computing likely outcomes. So...300K per student might get .90, 100K .80 , 50K .70, 15K .50 ... Near the category boundaries, trivial differences in the overall category section formula change the category outcome - at the intersection of vertical/horizontal axes, tiny differences place a college in any of the categories, near just one of the axes, in either. ... |
| CTCL schools make me want to barf. |
DP but I just find the label a little awkward and forced, and think it's a little cringey that the CTCL boosters are trying really hard to push the CTCL brand (and then loudly repeating over and over again that there is only one person...). But I don't have any issues with the schools themselves. |
| I agree with PP. It’s odd to see posters insist on the one hand that the name and brand of a college shouldn’t matter (as they poo poo the top 20) while on the other hand get off on labeling their kids’ school as a CTCL school and that somehow that makes it special. They’re contradicting themselves big time and it reeks of desperation in my view. |
| This thread is ridiculous |
Thanks for your insightful addition to it. Really helpful. |
| DD looked at a couple CTCL schools primarily as safeties where she thought she’d likely get considerable merit aid, but in the end she got into two top ten LACs and selected one of them. |
Right back at you |
You must have gone to a CTCL school to have developed such keen analytical skills. |