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Some colleges are failing and closing
ОглавлениеUnless it’s a school near you or that you have some personal connection with, you likely haven’t noticed the significant increase in colleges closing their doors and colleges cutting their prices.
Colleges are competing for a shrinking pool of students. There are more spots available on college campuses than there are students available and willing to pay the high price of attendance. Thus, some schools are struggling financially, and some are going under and closing their operations and campuses. The following table lists private non-profit colleges that have closed just in the past several years.
Private non-profit colleges that have closed just since 2016:
College Name | Location | Prior Enrollment |
Atlantic Union College | Lancaster, MA | 500 |
Burlington College | Burlington, VT | 245 |
College of New Rochelle | New Rochelle, NY | 2900 |
Concordia College (Alabama) | Selma, AL | 600 |
Crossroads College | Rochester, MN | 185 |
Dowling College | Oakdale, NY | 6750 |
Grace University | Omaha, NE | 480 |
Marylhurst University | Marylhurst, OR | 1900 |
Green Mountain College | Poultney, VT | 775 |
Marygrove College | Detroit, MI | 1850 |
Memphis College of Art | Memphis, TN | 380 |
Morthland College | West Frankfort, IL | 400 |
Mount Ida College | Newton, MA | 1500 |
Newbury College | Brookline, MA | 1280 |
Oregon College of Art and Craft | Portland, OR | 140 |
St. Catharine College (Kentucky) | Springfield, KY | 750 |
Saint Joseph's College (Indiana) | Rensselaer, IN | 1100 |
St. Gregory's University | Shawnee, OK | 690 |
Southern Vermont College | Bennington, VT | 360 |
Trinity Lutheran College | Everett, WA | 300 |
Of course, you wouldn’t want your child to choose a college only to see that school shutter especially while your kid is in attendance. So, you should investigate the financial health of colleges you’re considering. Historically, this was difficult and time consuming to do. But, no longer thanks to Forbes. You can find their most recent “College Financial Health Grades” at