where are all the rich blaq QUEENS??? not one, not a single one is willing to help them out
Posted on 06/03/2019 5:53:30 AM PDT by reaganaut1
Founded in 1873 in Greensboro, North Carolina, Bennett College is one only two of historically black colleges just for women. It has been a four-year college since 1926, but in recent years it has, like so many other small, private colleges, found survival increasingly difficult. The school’s enrollment fell from 780 students in 2010 to 473 in 2017 and it posted deficits of about $1 million in 2016 and 2017.
When any sort of business—educational or otherwise—finds itself in trouble, its leaders know that they had better take steps to increase revenues, cut costs, or both. Sometimes they succeed in turning from red ink to black; sometimes they don’t. But for colleges that depend on students who in turn depend on federal student aid money, there is an added problem that makes things much harder, namely accreditation.
Colleges that lose their accreditation become ineligible for federal funds and when that happens, many students who need financial aid to afford their education immediately leave and few new students enroll. There are other ways of financing college, but Americans have become so hooked on the idea that federal grants and loans are the way to cover the high cost of college that it’s virtually a death warrant for a college to lose accreditation.
That’s the situation facing Bennett.
The college is accredited by the Southern Association of Colleges and Schools (SACS) and among the requirements for obtaining and keeping accredited status with SACS is “financial stability.” With Bennett’s declining enrollments and budgetary deficits, SACS put the school on probation in 2016, telling school officials what was already obvious—that they needed to stop losing money.
(Excerpt) Read more at jamesgmartin.center ...
Sometimes colleges fail due to changing times.
This happens all the time.
She has experience with troubled institutions.
Colleges tend to have high amounts of fixed expenses, much lower variable costs than most think.
A decrease in enrollment can be immediately catastrophic.
Alumni could increase their giving.
When I transferred to the college from which I ultimately graduated, it was new, and then only provisionally accredited. Times were tight, but the school squeaked by and has flourished in the years since, and the full accreditation dates back to the year I graduated.
That school was Christendom College, which never took a dime of federal money. Students couldn’t even take out Fed loans. The school set up its own program.
A historically black college can provide a niche and raise money better if it eschews the government money and gives donors a real stake in the operation ... and run a tight ship!
Universities are operating on an obsolete business model.
Of course they are going to start failing.
People who like to read their news on paper could start donating to keep the MSM dinosaurs going too.
In both cases the problem is that they are obsolete and all that can possibly be done only buys a short reprieve in the end.
LBJ’s fault.
Schools that concentrate on learning the three R's and other fundamental subjects generally will have enough clientelle to pay the teachers and the plant.
We've lost sight of what school, and A school is supposed to be and unwittingly succombed to Deweys' "make everyone the same" attitude.
The ONR thing I can attribute my "intelligence" to is READING.
I was a reader, which made me a speller, which formulated my thinking which led me to conservative Americanism ....
..... because all my reading was essentially copyrighted before 1955 or 60.
where are all the rich blaq QUEENS??? not one, not a single one is willing to help them out
Here’s a place where a rich leftist could put their money where their mouth is.
I’m thinking Oprah could dig deep.
100% in the couch
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