Love what you're doing, just followed the channel! :)
@CB_Walker5 күн бұрын
I second that!
@scotti459010 күн бұрын
Hey Gary! Can you please turn up the audio on your mic next episode? I listen every week on my drive to work, but had a bit of trouble hearing this episode.
@collegeviability55709 күн бұрын
Scott: My apologies. I sure will ge that volume turned up. Let's call it 'user error' this week. ;)
@scotti45909 күн бұрын
@@collegeviability5570 No worries! I love your podcast! I left a small, private, and financially strapped institution in 2020. I’m now working at a very large research institution. I miss the atmosphere at small, private colleges, but I’m afraid that many just aren’t viable and have a short future. I’m planning to buy your private college viability app to determine which institutions might be worth applying for roles at.
@aarondavid735110 күн бұрын
Drexel has (or used to have) a co-op program where students work while they are in school - most of their programs are longer than 4 years.
@collegeviability557010 күн бұрын
Thanks, Aaron. I suspected something like that. That 6-year graduation rate number is really good. Very few can match it.
@joshuamorrison523315 күн бұрын
I'm expecting that the "very rare" situations will become increasingly common in the future. If one looks at the most recent college closures, I would guess the indicators mentioned here by Matt are all consistently below the 25th percentile for a number of years. As Matt posted a few days ago, the "watch list" for institutions like this is long, and appears to be getting longer.
@user-ci6ju4hm1t13 күн бұрын
Thanks Josh. Absolutely. Keep in mind that the so called demographic cliff is not here yet. The first smaller cohort of high school graduates just finished 9th grade. This is almost certainly going to get worse for schools that are struggling now with a relatively robust overall enrollment in higher education (4 year colleges in particular). I will post the student census as a reminder in a minute.
@user-ci6ju4hm1t13 күн бұрын
This is Matt Hendricks BTW
@user-ci6ju4hm1t13 күн бұрын
Here's the FTE enrollment census nces.ed.gov/programs/digest/d23/tables/dt23_307.10.asp?current=yes
@user-ci6ju4hm1t13 күн бұрын
Here are the student populations by grade. The first smaller class actually just finished 8th grade docs.google.com/spreadsheets/d/1jXvLZsIN32loOH22J16HkYDV2e7W7Ll4MbSWI_s5A84/edit?usp=drivesdk
@HP-ov7olАй бұрын
Baylor? Do you consider SMU & TCU to be religious colleges?
@randystocker3500Ай бұрын
Great analysis on the college navigator website. The overall financial strength of a college is very important. However, when colleges or any other business needs to cutback in some areas, odds are they will cut back on the least profitable/slowest growing areas. Make sure your student understands that just because they start at a college that offers their preferred major, doesn't mean that major will be around four years later. Great information--Gary. Thanks.
@collegeviability5570Ай бұрын
Do I know you? ;)
@michaelostermeyer37922 ай бұрын
Your data are interesting, but what's the point of ranking by raw numbers? A tuition & fee revenue decrease of $35 million at a school like DePaul is qualitatively different in consequence than a tuition decrease of $35 million at a school like Columbia of Missouri. The former has annual tuition revenue that's 5x the latter. Surely you see this, and rankings arrayed by decrease as a portion of year 1 tuition revenue (or of 8-year average tuition revenue) would be both more telling and far different. This use of unscaled data appears consistent across your video reports.
@JElwell-vy3xf2 ай бұрын
Looks like to ID'ed Pittsburgh Tech a few weeks before the dam broke!
@joshgoldstein15683 ай бұрын
It stands to reason that other distressed institutions would welcome and facilitate additional students enrolling. I’m surprised UHSP is hemorrhaging students.
@luciusseneca27154 ай бұрын
Drake University announced budget and program cuts a few weeks ago. This after they just raised $100M for a new administrative palace.
@jeffphillips76794 ай бұрын
My guess is 6.
@melgould19755 ай бұрын
Excellent Case Study! This will hit home for many, since this is right in our backyard.
@collegeviability55705 ай бұрын
Thanks, Melissa. I trust things are going well at LU.
@pries72175 ай бұрын
"promo sm"
@alexmiles405 ай бұрын
College #4
@kathleenvolk34935 ай бұрын
I was just wondering about Illinois data this morning (almost attended Monmouth College back in the day). Looks like the big names (other than DePaul) are faring well, but the others... geesh.
@gussyd10006 ай бұрын
Hi. CUC grad and watched several of these sites close down and now there's a fiasco of CUW selling off the AA campus as quickly as possible. This has been very enlightening.
@JDBotanaJr6 ай бұрын
That large drop in one school's discount may be due to a tuition reset.
@bigbounce64796 ай бұрын
IL Wesleyan endowment # is incorrect in your file s/b 265m
@bigbounce64796 ай бұрын
@@collegeviability5570 hmmm. Not sure what those are almost look like a 3 or 4 year average. Audited actuals for 21-22-23: 265m, 269m, 262m.
@hstad1006 ай бұрын
Great data! I agree that if the 'Private College' brand gets further tarnished there could be a rush for the door. BTW, do you have data of the number of colleges per year closed over the past 6 - 8 years?
@bigbounce64796 ай бұрын
Good info. There will be more that close in IL in the next few years. Eureka is one that is in real jeopardy of closing next year. They have debt service they can't cover a la Iowa Wesleyan. There are several others like Monmouth that are in real trouble.
@kathleenvolk34936 ай бұрын
Of these 13 institutions, 5/13 were Catholic (~40%). Yikes.
@kathleenvolk34936 ай бұрын
Did Drury's graduation go up simply because they enrolled fewer students? It's a stretch, but I'm curious given their precipitous enrollment drop.
@kathleenvolk34937 ай бұрын
Iowa and Wisconsin next, please! Gary, what influence has Covid relief funds had on higher ed finances? This is a broad question, I know. I ask because I wonder if these dollars start to drop away in 2022.
@collegeviability55706 ай бұрын
Kathleen: Your request always jumps to the top of the list. The 2024 version of the College Viability App is close to release. IA and WI will be my first KZbin video report on the financial health and viability of those colleges.
@PJVila7 ай бұрын
Also, why are Swarthmore College, U of Penn, and Carnegie Mellon not on the top lists?
@PJVila7 ай бұрын
Keep in mind that most of Drexel's programs are 5 year degree programs b.c. they have mandatory cooperative working requirements that last one year. Therefore, the 4 year grad rate is very misleading as most students are on the 5 year plan.
@rudimatt21438 ай бұрын
Really a terrific and also disturbing presentation. There is so much to unpack here!
@collegeviability55708 ай бұрын
Thanks for the comment. I have a list of 230 private colleges I believe are at a high risk for closure. Of course, not all will close; but the numbers are staggering. What will happen to higher education if scores or hundreds of colleges close in a matter of months? Tough to predict the reactions. The safest one is that the public colleges we see enrollment increases as more and more families choose to stay away from private colleges.
@jordanshephard52188 ай бұрын
I watched this video when you released it and am coming back now to tell you that you were right about Notre Dame College. They may be shutting down after this academic year finishes
@collegeviability55708 ай бұрын
Thanks, Jordan. I have a personal list of 230 private colleges at high risk of closing. Notre Dame College was on that list.
@LeadershipDynamics18 ай бұрын
With my daughter being a U of Mobile graduate, I watched this with great interest. She spent all four years there, and we did not realize that her graduation in eight semesters was so unusual. A 20% drop in endowment? Ouch! Thanks so much for your insights, Gary!
@luciusseneca27158 ай бұрын
Iowa's Drake University announced budget cuts that would require program and staff cuts.
@NoraEN9 ай бұрын
Thank you so much! You're video really helped me!!!
@kathleenvolk34939 ай бұрын
Gary: What happens to existing endowment funds when a college closes? I see Anderson Broaddus had an uptick in fundraising, but they’re now gone. Is it used to pay off existing debt/liabilities?
@bigbounce64796 ай бұрын
Most don't have much left by the end. It goes through the IRS dissolution process and most states it will be up to the AG. Most probably ends up with attorneys.
@Liam-ok7mu Жыл бұрын
😊 'PromoSM'
@luciusseneca2715 Жыл бұрын
Colleges can fritter away huge piles of cash adding new programs, speed up the day of reckoning inadvertently.
@kathleenvolk3493 Жыл бұрын
The time spent on the Unfunded tab is so valuable; this is a hidden indicator that not many know to dig into.
@kurtwood3650 Жыл бұрын
May I suggest you review the financial statements of Upper Iowa University.
@kathleenvolk3493 Жыл бұрын
I second the comment about Cardinal Stritch now closing in Spring 2023. This video was drawing on pre-pandemic data and still clearly showed major issues in enrollment loss and revenue. Their president must live in denial with his peanut butter spread excuses.
@bongbongtravels6108 Жыл бұрын
And now Cardinal Stritch has shutdown. I think you gave a good insight on Cardinal Stritch.
@user-xg4tc3zw4t Жыл бұрын
All colleges public and private, with except of the few mega public universities or private multi-billion-dollar endowments, have lost population. It's all about birthrates. Your channel will continue to lose credibility until you realize that this issue is a universal one. It's not per se a management one. They are all scraping the bottom of the barrel of a declining population. The colleges system as a whole is suffering the effects of educating women to have less than 2.11 children per couple.
@terrykruse6928 Жыл бұрын
I hate being one of those people but you should spell the names of the institutions correctly in your slides. It is Clarke University in Dubuque Iowa.
@tracymasiello1456 Жыл бұрын
Which school in New York, Pennsylvania and Ohio for Sports Media/Broadcasting/Journalism
@tracymasiello1456 Жыл бұрын
hofstra
@brianszeszol4699 Жыл бұрын
They closed because its a racist town and they don't want to offer people from employment who are out of towners. Especially people from Chicagoland area. Totally pathetic.
@polsen114 Жыл бұрын
Thank you.
@markmccarthy1486 Жыл бұрын
☀️ 𝐩𝓻Ỗ𝓂Ø𝓈M
@TheNotBees2 жыл бұрын
You could also mention the ramifications of having a degree from a defunct college.
@earlcombs28982 жыл бұрын
California Marymount University is also closing.
@kennethr.50092 жыл бұрын
How is Beniington College in Vermont? Any idea?
@alecb33322 жыл бұрын
I did it! I graduated 🎓 in 2018 and I'm in Seminary now! God is good, but those rates are kind of sad.
@michelejohnson46822 жыл бұрын
I would love to see the worksheet but the link does not work. Truly appreciate the important information you provide.
@collegeviability55702 жыл бұрын
Michele: Thanks for the kind words. Here is the direct URL. You can re-save the file with a new name. 1drv.ms/x/s!AiGLNpFc4WAIgfl3AekKcKCEAq1TAw?e=sdmjaF