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Reply to "Which top colleges have a significant budget deficit? Which ones are red flags?"
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[quote=Anonymous][quote=Anonymous]Occidental College. $30M loss during covid. More recently, a surprise 15% loss in enrollment, which the school had to accommodate by cutting staff salaries, stopping any new hires, putting a marketing expert in charge of admissions, etc. That latter person decided to give a $15K "scholarship" to anyone who would accept ED or EA, but it's really just desperation. Google Occidental College 15% enrollment failure.[/quote] They’ll bounce back. There’s a pretty good market for urban lacs and they just need to change strategy. It seems dramatic and it’s because LACs often run a lot more based off of enrollment. There’s no major hospital to balance out the numbers. They need to find a strategy to poach the kind of student who’d go to the Claremont Colleges or Whitman or Reed. It also needs to look at Peers like Macalester. If middle of nowhere Colby can find students, so can Occidental.[/quote]
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