so what happens to the $94m bucks?
The solution will be an absolute TIDAL WAVE of foreign student visas.
Their mistake was to try and teach engineering to women. The school had a highly respectable MRS program. It’s too bad they tried to distance themselves from it.
This is a promising development.
These colleges need competition and it sounds like that’s just what they are getting.
They won’t lay off their superfluous admin staff and downsize their other spending ... they’d rather close.
$94 million ain't what it used to be.
The traffic in Va. has become so nightmarish that being stuck in some remote place with some sort of an ordeal on 81, 95, or 64 just to get home is probably out of the question to many students, particularly those living in Northern Va.
The Alumni are having hissy fits: a friend of mine’s sister is a Sweet Briar grad.
When I pointed out that higher education is severely overbuilt, and the bubble is popping, her comment was “if you can’t say something nice, don’t say it at all”.
I wasn’t aware that pointing out the economic realities of small, rural, private colleges was anything but factual.
But then, hey, Liberal Arts grads. . .
When they stop charging $50,000 for $5,000 worth of general information education they might stay in business. 4 years of extended high school is basically worthless. Liberal arts type “education” scould be scrapped and only courses which lead to professional type knowledge necessary for a career should be continued. Mgmt, law, medicine,aviation technology, economics,physics, political science, O.K.....womans studies, basket weaving,most social sciences, not so much...
Essentially what this means is that they were running a deficit and couldn’t come up with a business model (If I can use that phrase for a non-profit) that would turn the deficit around... so they decided to do right by their stakeholders (employees, current students, creditors) while they still had the funds to do so. The tough part is that much of that endowment is earmarked, so they also need to hire lawyers to figure what to do with without misappropriation; I imagine much will have to be returned.
Not sure how any college can offer a business class with a straight face. They charge each student 20k-40k per year and can’t stay in business.
wgu.edu tuition is under $3000/six month term for all the classes you can complete in most majors. No reason a person can’t graduate in two years if they work at it full time; three years if they work part-time.
A well-endowed womens’ college? Interesting...