\ With an endowment of 173+ million? Hardly. |
I agree HPU will probably decline at some point in the near future. My point is that many different schools have trouble on the horizon. State U's in population declining states. Low status privates like HPU definitely will have decreased enrollment even though it is in a growing part of the country. Union has encountered some problems with enrollment: https://www.timesunion.com/education/article/union-college-given-negative-outlook-credit-18684810.php This isn't surprising given that it is a part of the country that has declining population and isn't considered elite. A lot of NE and Midwest schools are going to run into this problem even slightly more prestigious ones like Colgate or Hamilton. |
18 years old. PRimarily for students in the San Joquin Valley. It's a state school. We're talking (and the article is talking about) LACs that are financially insolvent. Merced will be kept afloat by the Cal taxpayers. In fact, it was the passage of Prop 230 that allowed for it to be built because its construction was financed by state bonds. Privates don't have that luxury of falling back onto the state. |
This was a unique case -- the CFO messed up on some calculations (quite a big mess-up), not quite a systemic issue. https://apnews.com/article/tucson-embattled-university-president-financial-crisis-8e707f491cf80abdfc25a4f1e34cff1b |
Honestly, that's not very much. |
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For a school with that many students, High Point's endowment is next to nothing. It should be at least five times that size, preferably ten times that size. |
Not sure what you mean, but the article you attach pegs the budget shortfall as 177 million. That works out to a $3,000 per student deficit. |
I don’t think that’s the case. I think it’s simply that the cost of higher education has risen way beyond the rise in the cost of living. It’s simply unaffordable now, regardless of major. |
Those of us with academic ties have been aware of this for a decade.
Some schools will define their niche and survive. Juniata is a good example so far. If you want to study environmental science, they have an excellent program with excellent placement. The school offers unique resources that other schools don’t. No, it’s not for your future Yale kid but this school fits a need in the market and I’ll be surprised if it closes. Other schools will have poor leadership or be too religious and will shut down. They just INCREASED their freshman class so they know what they are doing. No, I am not a booster. I did not attend Juniata and do not have any children who attended. |
Juniata seems like future roadkill. Sorry. It already has to accept almost everyone who applies. What happens when, over the next 5 years, the population of 18 year olds in its region drops by 15 %? Colleges like Dickinson or F&M will grab the kids who currently would be Juniata material. And its endowment is too small to compete. And its affiliated religion is very small and supports a handful of other colleges in the same region. |
Does Juniata offer merit aid to everyone? Can’t imagine many families would be willing to pay the rack rate vs an in-state option, even if starting at a PSU satellite campus. |
This is why merit aid has become increasingly important at liberal arts schools. My kids are 5 years apart — my younger currently a senior in HS. Comparing their respective classmates (and parents of classmates), I’ve observed a huge shift in attitudes about “second tier” LACs. Five years ago very few families we knew were discussing schools like Denison, St. Olaf, etc. It is completely different this time around. It’s been really fascinating (and gratifying) to see that change. |
Juniata seems like future roadkill. Sorry. It already has to accept almost everyone who applies. What happens when, over the next 5 years, the population of 18 year olds in its region drops by 15 %? Colleges like Dickinson or F&M will grab the kids who currently would be Juniata material. And its endowment is too small to compete. And its affiliated religion is very small and supports a handful of other colleges in the same region. |
Here's another one that's going down. Sarah Lawrence. Takes half of applicants already, a zillion better SLACs within 100 miles, and a very small endowment. |