Sunday, April 3, 2016

Small colleges struggle to withstand financial challenges - Tara García Mathewson, Education Dive

More small colleges are struggling to stay open in the current market — especially those with small endowments in suburban or rural areas that have seen declines in the college-going population. The Associated Press reports Dowling College, 60 miles east of New York City, is one of these schools where even though tuition has nearly doubled in the last decade, budget deficits put it at risk of closing and faculty and students are jumping ship in droves. While some schools like it are thriving, many are struggling to weather tough financial times without the philanthropic base or asset liquidity that larger schools often have, and Dowling is fighting to stay alive by negotiating a potential affiliation with another academic institution.

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