Closures and Mergers: Page 3
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Inna Reznik/iStock via Getty Images
Clarks Summit University to close
The Pennsylvania college furloughed all employees last month amid significant financial troubles and declining enrollment.
By Laura Spitalniak • July 2, 2024 -
Permission granted by Wells College
Deep Dive‘We can’t cut anymore’: Can colleges recover from the gut-punch of inflation?
Cost growth in higher ed is easing after big spikes in recent years. But institutions remain under steep financial pressure.
By Ben Unglesbee • July 1, 2024 -
Drazen_ via Getty Images
Column // Merger WatchThe FAFSA debacle: Another nail in the coffin for vulnerable colleges
Issues with the form’s rollout have made identifying merger partners for many small colleges an even greater urgency, one consolidation expert argues.
By Ricardo Azziz • June 28, 2024 -
Retrieved from Wikimedia Commons.
Keystone College cuts employees and programs to help save $3.5M
The private Pennsylvania institution was recently labeled a closure risk by its accreditor. Since then, it has announced a potential strategic partnership.
By Ben Unglesbee • June 27, 2024 -
Retrieved from Eastern Nazarene College on June 26, 2024
Eastern Nazarene College in Massachusetts to close
The private Christian institution said it has faced intensifying financial challenges and has exhausted its options to continue operating.
By Ben Unglesbee • June 26, 2024 -
Concordia University Ann Arbor to cut most programs
Facing a $9 million deficit, the private Lutheran institution is keeping just nine in-person and seven online programs.
By Ben Unglesbee • June 25, 2024 -
(2019). Retrieved from Warren LeMay // Flickr.
Union Institute & University to close
The private nonprofit faced an onslaught of financial and legal challenges over the past year, including a heavy fine from the U.S. Department of Education.
By Laura Spitalniak • June 20, 2024 -
Retrieved from Pittsburgh Technical College on June 11, 2024
Pittsburgh Technical College to close
The private nonprofit’s accreditor warned that the college was at risk of accreditation loss and “imminent closure” less than a week ago.
By Ben Unglesbee • June 11, 2024 -
University of the Arts’ sudden closure draws state, city reviews
The Pennsylvania attorney general’s office is reviewing the abrupt shutdown, while Philadelphia’s city council is planning a hearing over the matter.
By Laura Spitalniak • June 11, 2024 -
Retrieved from Pittsburgh Technical College on June 10, 2024
Pittsburgh Technical in ‘imminent’ danger of closing, MSCHE says
The notice came just days after Triangle Tech, a for-profit trade college in the area, announced it would shut down.
By Ben Unglesbee • June 10, 2024 -
Permission granted by Goddard College
Deep DiveInside the final, chaotic days of Goddard College
Founded as a radical experiment in education, the Vermont institution closed after years of mounting tensions between administration and the rank and file.
By Ben Unglesbee • June 7, 2024 -
"University of the Arts Dorrance Hamilton Hall" by Beyond My Ken is licensed under CC BY-SA 4.0
University of the Arts’ accreditor looks to correct the record on closure timeline
News of the institution’s pending shutdown first came in an accreditation notice. But the accreditor says it wasn’t supposed to happen that way.
By Ben Unglesbee • June 6, 2024 -
University of the Arts president resigns days after abrupt closure announcement
Meanwhile, Temple University, a public institution, is eyeing a possible merger to save the private nonprofit's legacy.
By Ben Unglesbee • June 5, 2024 -
University of the Arts announces abrupt closure, citing unexpected cash shortfall and expenses
The 148-year-old Philadelphia college will close June 7 after years of enrollment declines.
By Ben Unglesbee • June 3, 2024 -
Maddie Meyer via Getty Images
Marymount Manhattan College to merge with Northeastern University
Northeastern has been growing steadily in recent years at its flagship Boston campus and through mergers with financially struggling peers.
By Ben Unglesbee • May 29, 2024 -
Delaware arts college to shutter, citing falling enrollment and FAFSA challenges
After 27 years, the Delaware College of Art and Design is winding down amid a shrinking student base and the financial woes that go with it.
By Ben Unglesbee • May 28, 2024 -
"Northland College Sign" by Tschellnc is licensed under CC BY-SA 4.0
Northland College to cut 9 faculty spots
Returning from the brink of closure, the Wisconsin-based private institution is downsizing and revamping its programs.
By Ben Unglesbee • May 24, 2024 -
"Hubbard Hall" by Idawriter is licensed under CC BY-SA 3.0
Column // Merger WatchShould bondholders step in when colleges are financially struggling?
Bondholders may be able to highlight warning signs to institutions, argues Ricardo Azziz, a college consolidation expert.
By Ricardo Azziz • May 21, 2024 -
Courtesy of Eastern Gateway Community College
Eastern Gateway Community College to close Oct. 31
The beleaguered Ohio institution faced financial challenges in recent years, spurred by a legal battle with the U.S. Department of Education.
By Laura Spitalniak • May 17, 2024 -
Retrieved from Wikimedia Commons.
Keystone College in ‘danger of imminent closure,’ accreditor says
The Middle States Commission on Higher Education is giving the Pennsylvania institution until Aug. 1 to demonstrate compliance with its standards.
By Laura Spitalniak • May 3, 2024 -
"Northland College Campus" by Tschellnc is licensed under CC BY-SA 4.0
After brush with closure, Northland College unveils plan to downsize
The liberal arts institution is cutting $7 million from its budget and refocusing around eight in-demand majors.
By Ben Unglesbee • May 2, 2024 -
Inna Reznik/iStock via Getty Images
University of Saint Katherine shuts down after less than 15 years
The California institution faced a “steep” cash shortfall and “extraordinary inflation,” according to a campus message shared on social media.
By Ben Unglesbee • April 30, 2024 -
Permission granted by Wells College
Wells College to close at the end of the spring term
The New York private nonprofit cited financial distress, demographic challenges and "an overall negative sentiment towards higher education.”
By Laura Spitalniak • April 29, 2024 -
meanmachine77 via Getty Images
For-profit North Coast College plans to shutter in August
The Ohio institution’s move to close comes around the same time that Mountain State College, another proprietary institution, shut down permanently.
By Ben Unglesbee • April 26, 2024 -
Courtesy of Findlay Bluffton Future
HLC 2024Waiting too long can doom a college merger, experts say
The best window for consolidation is usually gone by the time colleges are deeply distressed, panelists at Higher Learning Commission’s conference said.
By Ben Unglesbee • April 19, 2024
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