Tag: close

  • California College of the Arts to close, Vanderbilt to take over campus

    California College of the Arts to close, Vanderbilt to take over campus

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    Dive Brief:

    • The California College of the Arts plans to wind down after its 2026-27 academic year, ending the 120-year-old institution’s long-running effort to turn around its finances, officials announced Tuesday.
    • Vanderbilt University has agreed to acquire CCA’s campus. Vanderbilt’s plans include operating a school to be dubbed the “California College of the Arts Institute at Vanderbilt,” along with offering arts programming and maintaining elements of CCA’s legacy, such as its archives and an exhibition venue. 
    • The arts college’s leaders ultimately realized its “tuition-driven business model is not sustainable” amid demographic declines and persistent financial deficits, CCA President David Howse said in the announcement.

    Dive Insight:

    Over the past year, CCA has been in talks with possible partners as it recognized “lasting financial independence is out of reach given our current constraints,” Howse said. 

    “Throughout our conversations, Vanderbilt has been a thoughtful and responsive partner, with a team of people who clearly respect our 120-year legacy and see in it great value for future generations of students,” he added.

    Howse acknowledged that the news of CCA’s closure and Vanderbilt’s takeover of the campus might evoke “shock, frustration, and disappointment” in stakeholders. 

    Less than a year ago, Howse trumpeted an “extraordinary milestone” for the institution after raising $45 million to fund a turnaround. That donation blitz was anchored by a $22.5 million matching gift from Jensen Huang, the billionaire founder of Taiwanese technology company Nvidia, and his wife, Lori.

    But CCA was ultimately unable to raise the full amount needed to sustain itself. The year before receiving those gifts, the college’s endowment totaled just $42.6 million, most of it earmarked for student aid, according to its fiscal 2024 financials.

    Anticipating the question of why the Huangs couldn’t donate more to help the college, officials said in an FAQ that while the couple has been supportive, they “understand that CCA’s existing tuition-driven financial model is not working.”

    The college — the last private arts institution in the city after the San Francisco Art Institute closed in 2022has suffered sizable enrollment losses in recent years. Between 2019 and 2024, fall headcount dropped by roughly 30% to 1,308 students, according to federal data. That’s a problem for a college that drew just under 70% of its core revenues from tuition and fees in fiscal 2023. 

    Local media raised the possibility in 2024 that CCA could close or merge with another institution. By September of that year, the college laid off 10% of its staff and eliminated open roles as it tried to reduce a $20 million budget deficit. 

    Now it’s winding down and handing the keys over to Vanderbilt. Students on track to graduate by the end of the 2026-27 year will be able to get their degrees from the college, and CCA is working on transfer and teach-out pathways for the students who won’t be finished with their studies by then, the college said. 

    For its part, Vanderbilt plans to keep aspects of CCA’s legacy alive. The Nashville-based private institution will operate CCA’s Wattis Institute of Contemporary Arts while maintaining the arts college’s archival materials and engaging its alumni.

    CCA’s agreement with the university also “provides opportunities for both faculty and staff to apply for positions with Vanderbilt once Vanderbilt has completed an assessment of its needs,” CCA said in its FAQ. 

    The institutions didn’t disclose the financial terms of the deal. 

    The acquisition of CCA’s campus adds to Vanderbilt’s national expansion, with planned campuses in New York and Florida as well. The New York campus is set to open this fall.

    The university plans to open the San Francisco branch for the 2027-28 academic year, pending regulatory approvals, Vanderbilt said. The university expects to serve around 1,000 students, both graduate and undergraduate, at the campus.

    “San Francisco offers an extraordinary environment for learning at the intersection of innovation, creativity and technology, and it provides an unparalleled setting for Vanderbilt to shape the future of higher education,” Vanderbilt Chancellor Daniel Diermeier said in a statement Tuesday.

    CCA is one of a handful of distressed arts colleges to end operations in recent years. Perhaps the most dramatic case was the University of the Arts in Philadelphia, which shuttered suddenly in 2024 — a fate that CCA managed to avoid through its fundraising and deal with Vanderbilt.

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  • Calif. College of Arts to Close, Sell Campus to Vanderbilt

    Calif. College of Arts to Close, Sell Campus to Vanderbilt

    Photo illustration by Justin Morrison/Inside Higher Ed

    California College of the Arts will close by the end of the 2026–27 academic year amid enrollment declines that have rendered its business model unsustainable, officials announced.

    But the Wednesday announcement at a press conference at San Francisco’s City Hall came with surprising fanfare. Though CCA is going away, Vanderbilt University is stepping in to purchase its campus, giving the private institution in Tennessee a foothold on the West Coast.

    Following the closure, Vanderbilt will assume ownership of the campus and “establish undergraduate and graduate programming, including art and design programs,” and maintain archival materials from the college, CCA president David C. Howse wrote in an announcement.

    The move comes after recent financial struggles for CCA, which laid off 23 employees in 2024 and closed other vacant positions to address a $20 million budget gap. While the private college raised nearly $45 million recently, those funds were evidently not enough to stave off closure. 

    CCA enrolled 1,308 students in fall 2024, according to recent federal data, down from a recent high of nearly 2,000 students in fall 2016.

    Officials have not made details of the transaction publicly available.

    Vanderbilt’s takeover of the San Francisco campus is the latest national push from the university, which has pursued an ambitious growth plan in recent years. Vanderbilt is currently leasing a campus in New York City and building another in West Palm Beach, Fla., as announced in 2024.

    Vanderbilt chancellor Daniel Diermeier told Inside Higher Ed last fall that the university was exploring a site in San Francisco and noted the booming artificial intelligence scene in the city was part of the appeal for a campus there.

    While at least 16 nonprofit institutions announced closure plans last year, California College of the Arts appears to be the first to do so in 2026, coming less than two weeks into the new year.

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  • Martin University will close after short-lived ‘pause’

    Martin University will close after short-lived ‘pause’

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    Dive Brief:

    • Martin University, Indiana’s only predominantly Black institution, will close, according to its board.
    • The announcement comes after the private Indianapolis nonprofit said on Dec. 9 it would temporarily cease operations at the end of the year in an effort to find a path toward long-term viability. 
    • Instead, Martin’s trustees are now looking to “wind down operations with dignity, transparency and compassion.” The board cited declining enrollment, increasing costs and a growing institutional debt in a Dec. 31 letter published through Indianapolis Recorder Newspaper.

    Dive Insight:

    Martin’s accreditor, the Higher Learning Commission, directed the university to cease operations after it announced the pause, according to university board members. HLC has either sanctioned the university or had it on monitoring status since 2012.

    A public disclosure from HLC shows Martin “voluntarily resigned” its accreditation as of Dec. 31.

    “Combined with the lack of sufficient operating revenue, Martin has had no choice but to move toward closure,” the board said.

    Martin has maintained a small student body since its founding in 1977. But like many small private colleges, its enrollment has suffered in recent years.

    In fall 2023, just 223 students attended Martin, down nearly 30% from five years prior, according to federal data.

    Those students primarily came from backgrounds underrepresented in higher education, a point of pride for Martin. In fall 2023, 74% of its undergraduate students were age 25 or older, and more than 4 out of 5 students were Black or African American. Another 71% received Pell Grants for the 2022-23 academic year, according to the most recent federal data.

    But a majority of those who attended Martin, 85%, did not graduate within eight years, according to the U.S. Department of Education’s College Scorecard.

    Now the path to a degree becomes less clear for the students who remain.

    Martin is in the process of establishing teach-out plans for its students, the board said. HLC has signed off on at least one such agreement with the University of Indianapolis. And nearby Marian University and Indiana Wesleyan University have expressed interest in supporting Martin’s students, according to a Dec. 16 email to students obtained by Mirror Indy.

    Each of the university’s students will receive an individualized support plan, the board said.

    The board’s Dec. 31 letter marked the end of a short-lived recalibration attempt.

    Just days after announcing the initial pause announcement, Martin laid off all of its employees, WISH-TV reported.

    “They said they don’t know when they will get us paid,” Kory Amyx, Martin’s now-former senior financial aide and veteran affairs adviser, told WISH. 

    The board confirmed when announcing the pause that Martin had no endowment funds. The university’s interim president, Felicia Brokaw, went a step further when she reportedly told staff Martin’s coffers were completely empty, according to WISH.

    “They plan to get us paid, but whether that happens tomorrow, the next day, a month, a year, who knows?” Amyx said.

    Martin’s former president, Sean Huddleston, left the university in November after six years in the job. Through his last day, Huddleston had worked to keep the university viable, but nothing sustainable panned out, according to Board Chair Joseph Perkins.

    “Over the past several years, university leadership explored a number of different educational models designed to honor the founders’ mission while adapting to the realities of modern higher education,” the board said on Dec. 31.

    Its members pursued donors, enrollment growth strategies, and partnerships with business, local organizations and other colleges.

    “Despite these intensive efforts, none produced the financial or enrollment progress necessary to sustain operations,” it said.

    The board’s closure announcement acknowledged Martin’s numerous recent struggles but did not delve into any specifics.

    A fiscal 2023 audit found “substantial doubt” about the university’s ability to keep operating, citing enrollment challenges, increased borrowing to sustain itself and the “use of restricted funding for operational needs.”

    Martin also experienced an extensive cyberattack in 2022 that corrupted its records. The recovery process required considerable time and effort “due to significant turnover and instability in the finance and operation teams,” the 2023 audit found.

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  • December Cuts Close Out Brutal Year for Sector

    December Cuts Close Out Brutal Year for Sector

    The last month of 2025 brought more campus job cuts, capping off a tumultuous year for higher education.

    While December yielded roughly 300 reported job cuts across the sector, that total reflects only a fraction of the jobs lost in higher education in 2025. Inside Higher Ed tracked more than 9,000 job cuts and buyouts last year—which is undoubtedly an undercount due to unreported personnel actions.

    Rising operating costs and an uncertain federal policy environment drove cuts at even the wealthiest institutions last year as universities with multibillion-dollar endowments shed hundreds of jobs after President Donald Trump restricted federal research funds, sought to limit international student enrollment and clashed with multiple universities over alleged civil rights infractions. While many of December’s job cuts were not attributable to Trump, others seemed directly connected, including the loss of hundreds of international students at DePaul University, which undercut tuition revenues, prompting layoffs.

    Here’s a look at layoffs, buyouts and program cuts announced in December.

    DePaul University

    The private Catholic university in Chicago cut 114 staff jobs last month, officials announced.

    “These decisions were extraordinarily difficult and leaders across the university did not make them lightly. Each person affected contributed to the life of this university in meaningful ways,” officials wrote in a Dec. 15 message announcing the layoffs and assistance for employees, which included severance packages based on years of service, career counseling and more.

    Staffing reductions at DePaul are part of a broader effort to reduce spending by $27.4 million as the university grapples with a budget deficit and aims to achieve a 2.5 percent operating margin. DePaul has also been hit with a staggering loss of international students amid the Trump administration’s crackdown on immigration, which has made it harder for some foreign nationals to obtain visas and deterred others. International enrollment at DePaul plunged by 755 students compared to the previous fall, a decline of nearly 62 percent, officials said in September.

    University of Nebraska–Lincoln

    Regents voted last month to close four programs at the flagship campus following months of consternation over the plan, which will see dozens of faculty positions eliminated.

    Programs approved for closure are statistics, earth and atmospheric sciences, educational administration and textiles, merchandising and fashion design. The plan includes cutting 51 jobs, mostly from the faculty ranks, The Nebraska Examiner reported.

    Program closures and job cuts are expected to save the university almost $7 million.

    The December vote ended a bitter fight over the program cuts that prompted a faculty no-confidence vote in Chancellor Rodney Bennett. Faculty members have questioned the evaluation process and the timeline for the cuts; they also conducted their own financial assessment, which pushed back on the need for instructional cuts amid growing administrative expenses.

    Bennett, who championed the program cuts, announced Monday that he plans to resign by Jan. 12. His sudden resignation ends an almost three-year stint as head of the flagship.

    Martin University

    Indiana’s only predominantly Black institution terminated all employees last month, a sign that points to an almost certain closure, though the Board of Trustees has not yet made it official. The move came shortly after the private university announced it would “pause” operations.

    While the number of jobs lost is unclear, Martin—where enrollment has hovered around 200 students in recent years—employed 42 staff and faculty members in fall 2023, according to federal data.

    Interim president Felicia Brokaw reportedly told employees the university was laying them off because it could not afford to pay them, according to an audio recording obtained by Mirror Indy. Brokaw also told staff she did not know when they would be paid for work already performed.

    Martin officials have encouraged students to transfer elsewhere.

    Western Wyoming Community College

    Citing a need to balance its budget and avoid dipping into reserves, the community college in Rock Springs axed 33 jobs and reorganized 30 others, The Rocket Miner reported.

    Last month’s cuts included eight full-time faculty jobs.

    The newspaper reported that more layoffs could be on the horizon depending on what happens in the coming legislative session. State lawmakers are reportedly weighing a plan to cut property taxes by 25 percent (following a similar move last year), which would have a major effect on WWCC, given that its budget heavily relies on state appropriations and local property taxes.

    University of Kansas

    Nearly three dozen faculty members have opted to take buyouts offered by the public research university.

    In all, 34 tenured faculty members applied to participate in an early-retirement incentive program at KU, The Lawrence Journal-World reported. University officials announced the launch of the early-retirement program in October, citing budget challenges. KU is currently seeking $32 million in cost reductions by July 1, when the next fiscal year begins.

    Christian Brothers University

    The private Catholic university in Memphis, Tenn., is cutting 16 faculty jobs, a move Interim President Chris Englert said was “designed to balance our operating budget and position CBU for transformation as we work to meet the needs of today’s students and today’s workforce.”

    Englert announced the layoffs in a message to the campus community last month.

    University of Oklahoma

    The Oklahoma Board of Regents for Higher Education voted to eliminate 41 degree programs and suspend 21 others across the state system due to underenrollment, NPR affiliate KOSU reported.

    The flagship was hit the hardest, with 14 programs eliminated. No other state institution had more than three degree programs cut. Of the 14 at OU, eight were at the undergraduate level and six were graduate degrees. Cuts at OU include a mix of language programs—such as Arabic, Chinese, French and German—alongside geography, plant biology and others.

    New Jersey City University

    As part of a planned merger with nearby Kean University, the public institution is shedding nine degree programs alongside multiple minors and certifications, The Jersey City Times reported.

    Undergraduate programs to be discontinued at NJCU are business information systems, chemistry, philosophy, women’s and gender studies, and a music performance degree. Graduate programs on the chopping block are business information systems, criminal justice, educational psychology and a music performance degree. An internal memo obtained by the newspaper noted that many programs have similar offerings at Kean that will continue unabated.

    College of Idaho

    The liberal arts college in Caldwell is cutting three majors but adding six new programs, a change that will see 10 employees laid off, including five professors, Idaho Ed News reported.

    College officials said the eliminated majors—theater, communication arts and philosophy—were all underenrolled. New programs to be added are biochemistry, finance and criminology, at the undergraduate level, plus master’s degrees in data analytics, exercise science and accountancy.

    Boston University

    Facing a $30 million budget gap driven by low graduate enrollment numbers and other factors, the private university is offering buyouts to eligible faculty members, The Boston Globe reported.

    Buyouts mark the latest effort by the research university to constrain costs. In early 2025, officials announced BU was laying off 120 workers and closing 120 vacant positions.

    San Francisco State University

    The public university is rolling out an early-retirement program to help close a budget deficit, Golden Gate Express reported.

    SFSU officials announced the buyout program last month and reportedly expect between 60 and 75 faculty members to sign on. However, professors in some departments are not eligible, an exclusion officials told the news outlet was partly due to the need “to maintain business continuity.”

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  • UNC to Close Area Studies Centers

    UNC to Close Area Studies Centers

    Tar_Heel_Rob/iStock/Getty Images

    The University of North Carolina at Chapel Hill will close its area studies centers in 2026, faculty members within the centers told Inside Higher Ed.

    The six centers—the Center for European Studies, the African Studies Center, the Carolina Asia Center, the Center for Middle East and Islamic Studies, the Institute for the Study of the Americas and the Center for Slavic, Eurasian and East European Studies—are all expected to close at some point next year.

    “Our leadership team is taking a thoughtful and targeted approach, looking into areas that can be streamlined for greater efficiency, strengthening our operations while meeting our fiduciary responsibility to the people of North Carolina,” the UNC media relations department said in a statement. “A number of factors were taken into consideration while evaluating Centers and Institutes and some programs have been identified to be sunset [sic] in 2026. The list is not finalized at this time.”

    Further updates will come after the January Board of Trustees meeting, the spokespeople said.

    In a “budget reductions update” to the board’s finance and infrastructure committee in November, university officials said they planned to save $7 million in annual spending from “centers and institute reductions” made over several years, with a goal of $3 million in budget reductions before the end of this fiscal year in June 2026. A total of 14 centers and institutes will be decommissioned, according to the presentation.

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  • Why Close Bucknell University Press? (opinion)

    Why Close Bucknell University Press? (opinion)

    In an Aug. 14 email, Bucknell University provost Wendy Sternberg notified the university community that Bucknell University Press would cease to exist at the end of the academic year. Without consulting BUP’s faculty editorial board, which oversees the press and falls under the auspices of the provost’s office, or Bucknell’s faculty or staff at large, the decision was rendered a fait accompli that blindsided the local Bucknell community as well as past, present and prospective BUP authors, editors and contributors.

    As might be inferred, the decision to close a university press has wide-ranging implications for not only the home institution and its reputation within the academic community but for the pursuit of intellectualism and critical inquiry in academia and beyond.

    Established in 1968, BUP has operated continuously for nearly 60 years, publishing new work in the humanities and social sciences for specialists, students and general readers. Despite its relatively small size, operating only with 2.5 staff positions and publishing about 20 books per year, Bucknell’s press has continued to punch above its weight, as testimonials from BUP authors, editors and directors, past and present, affirm.

    Petitions to prevent BUP’s closure have circulated globally, such as those by the American Society for Eighteenth-Century Studies and the Goethe Society of North America, and the closure has been addressed by venues like Publishers Weekly, The Chronicle of Higher Education and Inside Higher Ed. A petition on campus disseminated by members of BUP’s faculty editorial board gathered signatures from hundreds unaffiliated with the university, as well as more than 125 of the voting faculty members at Bucknell, in what assuredly was a signal to Bucknell administrators and the Board of Trustees to reconsider.

    But they have not.

    As Sternberg wrote, the university was compelled to close BUP to refocus “university resources on our student-centered mission.” The email moreover claims that BUP’s “primary mission supports the scholarly community, and not Bucknell undergraduates.”

    This rationale misunderstands the actual work of university presses, which have long trained students for careers in editing and publishing in academic presses, trade publishers and beyondas noted by testimonials from Bucknell alumni published by The H-Net Book Channel. It likewise does not see our undergraduates as part of the scholarly communitya head-scratching implication given that Bucknell obtained the Carnegie classification system’s new Research Colleges and Universities designation this year because of its research activity, especially undergraduate research. Even more, it brazenly disregards the reality that faculty research informs classroom teaching.

    In the more than three months that have passed since Sternberg’s notice of closure, Bucknell University administrators, especially Sternberg and President John Bravman, have been flooded with personal letters and emails cautioning against this myopic decision. Peter M. Berkery Jr., executive director of the Association of University Presses, wrote to the administration in August extending an offer to collaborate on a press review. This offer has gone ignored. Berkery also noted in his letter that a number of universities that have announced their intent to close their presses in recent years ended up reversing course. (Notable reversals include the University of Akron Press, the University of Missouri Press and Stanford University Press, where the university administration threatened to withdraw the press’s $1.7 million annual subsidy before backing away from the plan.)

    Berkery added that “in still more cases—including Amherst College, Lever Press, West Point, University of Vermont, the University of Wyoming—institutions of higher education serving a wide remit of students and fields launched new university presses and university imprints, finding that this initiative served their students, faculty, and wider communities in direct and invaluable ways.”

    Bucknell administration, however, has remained steadfast in its determination to close BUP and impervious to outcry from the academic community and even alumni. In November, Bucknell faculty approved a motion, presented by myself and three other members of the faculty editorial board, that proposes to evaluate BUP’s future through channels of shared governance that were not previously consulted—even flouted. It calls for the establishment of an ad hoc committee, peopled by Sternberg, the BUP director and several faculty representatives, charged with “determin[ing] a future for the Bucknell University Press that balances fiscal concerns with intellectual and academic values.” The motion stipulates that the committee will present its findings at the February faculty meeting. Of course, the bindingness of these findings remains suspect, as does the future of shared governance nationwide.

    Towards the conclusion of Sternberg’s August notice, she wrote, “It is important to note that the door remains open to alternative paths forward for the Bucknell Press at this time. I believe there is great potential for the press to be reimagined in a way that supports undergraduate education — perhaps one that promotes scholarly accomplishments of Bucknell students and faculty and that offers professional preparation for students who seek a career in the publishing world. The academic planning process that is unfolding over this academic year will provide a venue for considering such possibilities.”

    While BUP already does these things (as alumni and faculty attest), and this reimagining seems to again misunderstand the premise and goals of a university press, the motion approved by the faculty seeks to make good on Sternberg’s claim to envisage “alternative paths forward” to keep BUP’s doors open, even if such a statement is merely administrative lip service.

    Though the prospective closure of BUP may appear a blip on the radar of a fast-changing landscape of higher education, it is yet another warning bell signaling the erosions of shared governance on campuses nationwide. Indeed, the American Association of University Professors’ Policy Documents and Reports (colloquially known as the Redbook) details how the “business-ification” of the university has caused ruptures within shared governance that have ultimately alienated faculty and pitted administrators versus faculty in what may appear a power vacuum: “The involvement of faculty in governance is not a grab for power, special pleading, or partisanship, but action in the best interests of the academic institutions themselves.”

    Shared governance, the Redbook continues, promises to be a “potential force for fairness and equity for parties that are too often assumed to be at odds.” But fairness and equity can only be achieved at places like Bucknell if shared governance is preserved and stakeholders are consulted and considered in good faith.

    Even more, as the motion passed by the faculty makes clear, while some may believe a university press to be a bespoke ornament, BUP has long been integral to the service and scholarship completed by Bucknell faculty and deeply connected to the institution’s intellectual history. And this is to say nothing of the ways that BUP has dedicated itself to supporting the intellectual and creative careers of academics around the globe for the last 60 years. In a moment in time marked by the determination to unravel both shared governance and academic freedom on college campuses, BUP can’t help but seem part of a larger zeitgeist of academia’s uncertain, seismic shifting.

    Yet there’s something distinct about the Bucknell situation in that it is entirely self-inflicted. Bucknell is not buckling under pressure from the federal government; neither has it been singled out for an ultimatum/gilded carrot (depending on how one sees it) like those extended under the Trump administration’s “Compact for Academic Excellence in Higher Education.” It has not suffered higher taxes on its endowment, nor the retraction of large-scale federal funding. The austerity mentality hawked by the administration is one based on a larger trend in which humanistic and social scientific inquiry is deprivileged and the ethos of the liberal arts abandoned, even at those places that seek to brand themselves as such. BUP has become the sacrificial lamb that was meant to succumb to its slaughter silently.

    If BUP had represented an insolvent or derelict agent on campus or within the academic community, perhaps the publicity arising from its intended closure would not set about such shock waves. However, that is not the case. Instead, the intention to shutter BUP is a thermometer, if not a klaxon (to mix metaphors), that lays bare a reality in which university presses and the intellectual enterprises they champion are repeatedly under threat. We must not acquiesce to these demanded erasures.

    Jeremy Chow is the National Endowment for the Humanities Chair in the Humanities and associate professor of English at Bucknell University and chair of the Bucknell University Press faculty editorial board.

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  • Sterling College in Vermont to close

    Sterling College in Vermont to close

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    Dive Brief:

    • Sterling College, in Vermont, plans to close after its spring 2026 semester in response to enrollment declines and financial pressure, the private institution announced Wednesday. 
    • The environmental studies-focused college will end its associate and bachelor’s programs following the spring semester, after which it plans to operate its summer internship program, depending on student need.
    • In its announcement, Sterling said that its governing board’s decision to close “reflects the College’s commitment to transparency, responsibility, and care in the face of persistent financial and enrollment challenges.”

    Dive Insight:

    Fewer than 40 students are at Sterling for the current semester, with about 30 faculty and staff members running the college, the institution’s president, Scott Thomas, told a local media outlet this week.

    Closing now “allows us to responsibly support students through their continuing time at Sterling and assist with transitions to partner institutions,” the college said in a FAQ about its closing.

    Sterling is finalizing several teach-out agreements with regional peers College of the Atlantic, Community College of Vermont and Champlain College, all of which will require the approval of its accreditor, the New England Commission of Higher Education. The college will hold its final commencement in May, it said. 

    Just between 2021 and 2023, the small college’s enrollment fell by just over 38% to 78 students, according to federal data. 

    Sterling’s tuition revenue declined with the shrinking student body. Between fiscal years 2021 and 2024, net tuition and fee revenue dipped 10.3% to about $835,700. 

    The college was also heavily dependent on private grants to sustain it. In 2024, for example, it logged $4.9 million in grant revenue, most of it restricted. However, the college’s endowment was relatively paltry. Its total investment assets amounted to $1.2 million in 2024. 

    Founded over 65 years ago, Sterling offers bachelor’s and associate degrees only in environmental studies. Bachelor’s students have the option to pursue self-directed concentrations in topics under the environmental umbrella, such as ecology, natural resource management and social justice. 

    The college touts outdoor learning and its experiential approach. Along with NECHE, it is accredited by the Association for Experiential Education, and it is one of a handful of federally recognized work colleges, which require students have work at least 80 hours per semester as part of their educational program

    Based in Craftsbury, Vermont, Sterling owns forest, wetlands, a farm, a yurt, a climbing wall and 307 acres in nearby Bear Swamp. The college encourages students to camp for short periods on campus property and allows them to hunt, fish and trap during designated seasons outside the campus center. 

    The college’s property was valued at $3.4 million in fiscal 2024. Sterling said the board will later decide “how to steward the College’s remaining resources in a manner consistent with its mission and all applicable legal requirements.”

    Given the possibility of running its internship program through August “if needed,” the college noted that “it is, as yet, unknown if and when College operations will cease entirely.”

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  • Vermont’s Sterling College to Close

    Vermont’s Sterling College to Close

    Sterling College will close at the end of the spring semester, officials announced Wednesday.

    The small college in Craftsbury Common, Vt., will cease operations in May due to “persistent financial and enrollment challenges,” according to a statement posted on its website

    “We understand that this news is difficult and deeply personal for every member of our community. Sterling College has always been more than a place of learning; it has been a home where curiosity, creativity, and compassion thrived,” officials wrote in the closure announcement.

    Sterling, which offered “transdisciplinary, experiential, competency-assessed educational programs,” according to its website, historically capped enrollment at 125 students. Founded in 1958, Sterling is one of a few U.S. work colleges, a model that allows students to keep tuition down via campus labor. Residential students at Sterling work five hours per week in different roles.

    Federal data shows that Sterling only had a head count of 78 students in fall 2023. 

    While the college managed to eke out modest surpluses in recent years, it had a meager endowment of just over $1.1 million, much of that restricted, according to financial documents.

    Sterling is now the second institution to announce a closure this month, following Trinity Christian College in Illinois, which is shutting down next year due to similar challenges.

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  • Trinity Christian College to close at the end of the academic year

    Trinity Christian College to close at the end of the academic year

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    Dive Brief:

    • Trinity Christian College plans to close after the 2025-2026 academic year amid mounting financial issues, the private liberal arts institution said Tuesday. 
    • “The board has worked faithfully and tirelessly to consider every possible option in the face of significant and rapidly evolving financial challenges,” Acting President Jeanine Mozie said in a video message. 
    • In explaining why it was closing, Trinity, based near Chicago, cited persistent deficits, falling enrollment, shifts in charitable giving and financial challenges since the pandemic.

    Dive Insight:

    Trinity said it worked with advisers on possible solutions to its financial struggles, including “significant programmatic changes” and strategic partnerships with other institutions. 

    “However, there is no sustainable path forward for our beloved institution,” Mozie said in the video message, in which she appeared with board chair Ken Dryfhout. 

    Between fiscal years 2020 and 2024, the college’s total assets fell by nearly 14% to $72.3 million. Much of that decline came in its cash holdings, which fell by nearly $8 million during that period, to $5 million. Trinity also reported operating deficits every year during that time. 

    In June, Trinity reported that it could fail to meet bond requirements for cash on hand and a metric measuring its ability to pay its debt obligations. The college said at the time that it was soliciting donors to help it meet the covenants. 

    Many of Trinity’s financial woes stem from its shrinking student body and the pressures on small liberal arts institutions. Already small, the college’s fall enrollment dropped to 883 students in fall 2023, a nearly 22% decline from five years prior, according to the latest federal data. 

    Enrollment declines hurt Trinity’s revenue. In fiscal 2024, net tuition and fee revenue stood at $12.1 million, roughly 14% less than 2020 levels. 

    The revenue drop also came after a period of steep inflation in higher education and the broader economy. At Trinity, total expenses rose at nearly the same rate as revenue declined between fiscal 2020 and fiscal 2024, reaching $32.9 million.

    Mozie was appointed acting president, replacing Aaron Kuecker, just two months before she announced the college’s closure. Prior to that, she was Trinity’s chief operating officer. 

    Founded with a nondenominational Christian mission, Trinity elected its first board of trustees in 1959. It soon opened a two-year college with just five faculty members and roughly three dozen students on a former golf course, using a renovated clubhouse and pro shop. By 1971, the institution was issuing four-year degrees, and it added graduate programs in 2012.

    Trinity plans to hold its last commencement next year for the class of 2026. It is allowing students to take above the max course load per semester to graduate as many as possible, with the rest offered teach-out and transfer options. 

    The college has teach-out agreements in place for most undergraduate programs with regional neighbors Saint Xavier, Calvin and Olivet Nazarene universities. It is working on agreements for many of its remaining programs. 

    Trinity said it plans to sell its property after closing to repay its debt. As of fiscal 2024, Trinity owned property and equipment valued at $44.2 million and owed $14.8 million in bonds.

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