When Colleges Die - Matt Reed, Inside Higher Ed

The past few weeks have brought a rash of announcements of colleges either dying or coming to the brink of death, but I’ve been struck by the different ways that different deaths have been covered. When a college dies, all sorts of stakeholders are affected. In the case of relatively traditional colleges, such as Newbury College in Massachusetts, I’d expect to see students transfer to other places and employees struggle to find other jobs. (Given the generally difficult employment market in higher ed, especially in the Northeast, that’s no small thing.) The assets of the physical campus will, I assume, go to creditors in one form or another. I don’t know the legalities of how endowments and contributions pan out; ideally, I’ll never need to. https://www.insidehighered.com/blogs/confessions-community-college-dean/when-colleges-die