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Some colleges are failing and closing

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Unless 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

https://www.forbes.com/sites/cartercoudriet/2019/11/27/how-fit-is-your-school-the-methodology-behind-forbes-2019-college-financial-health-grades/#2532733261c4

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