Reply to Anyone else hearing “lots” of LACs already on the brink may close permanently this summer?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][url]https://www.insidehighered.com/news/2020/04/02/two-small-colleges-winding-down-operations-coronavirus-impact-looms-over-higher-ed[/url]

One example is MacMurry College which is a small liberal arts college in Southern Illinois that is fairly old and established--it's been around 174 years.

A few colleges that have closed in recent years:  Mount Ida college in Massachusetts (around for 119 years), Green Mountain College in Vermont (174 years old), and Sweet Briar College almost closed a couple years ago.  A friend of mine works at Georgetown College outside of Lexington, KY and their financial situation is a mess.  It's these small, private, mostly regional LACs, many of which have been around since the late 1800s that are in trouble.[/quote]

If they made it through the economic depression and World War Two why’s now the worst time for them?[/quote]

A lot of schools closed or were bought by larger (especially public universities) during both of those events.  Some of them later managed to re-open with donations to the endowment from alumni, but many either closed for good or were absorbed by larger institutions.  It's interesting to see how many named departments/dorms/honors colleges at public flagships used to be women's schools or small religious schools that shuttered during various times--a ton during the civil war, but some during WWII and the depression.  I suppose it's part of the cycle that any historical period of downturn might lead to institutions closing.  Maybe some of these schools will reopen in a few years catalyzed by a wealthy donor.  Mt. Ida ended up being absorbed by UMass.[/quote]

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