I don't know. That just means that they have a 400 million endowment for a 1000 student body--which gives them an excellent per capita rate. (I don't have any special tie to Earlham--just pay attention to higher ed for my work). Also, what the revised Moody's report on colleges overall suggests is that they are more resilient, innovative and flexible than they were worried about. Schools are using on-line resources, experiential programs etc. to innovate-- and they have revenue sources beyond tuition. It might (or might not) turn out that these very small schools might be nimble in way larger ones are not. It will be interesting to see. College-age demographics are going down but the need and desire for lifelong learning is going up and the role of the college in the community is expanding as retirees are moving into college towns, schools are offering alumni educational trips and other resources. Who knows how it will evolve, but the idea that a whole bunch of 100+ year old institutions closing doesn't seem to be happening as initially warned. |