With high school populations declining throughout New England and in several other regions of the country, it’s only natural to be concerned about the fiscal challenges confronting our nation’s private colleges and universities. Forecasts by prominent higher education experts increasingly suggest that many, if not most, of our small private institutions will face closure in the decade ahead. H...
Times are tough for institutions that do not have access to substantial endowment funds or benefit from a top ranking position. Whether with a rural or metropolitan setting, a large number of colleges are discovering that there is a limit to raising tuition prices. Prospective students no longer automatically queue up. And once the “at risk” notice is up, the perceived deficiency becom...