Friday, August 4, 2017

Is the HBCU bubble next in line to burst? - Autumn A. Arnett, Education Dive

A perfect storm of fractured board-president relationships, abysmal alumni giving, budget cuts from state and federal governments and declining enrollment is plaguing all of higher education, but for historically black colleges and universities, which already struggle to come up from behind their majority-serving peers, the bubble may be poised to pop even sooner than some think. Jarrett Carter, who recently withdrew from consideration for executive director of the White House Initiative on HBCUs, wrote in a column Thursday that the community as a whole would be better served to build capacity and strengthen 50 institutions, predicting more than half of the sector will close in the next decade. Reacting to what he sees as an unavoidable reality which will see at least four colleges close in the next few years, Carter cites extremely high presidential turnover in the sector, as well as a lack of public and private investment as writing on the wall which will lead to the sector's collapse.

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