Cardinal Stritch - Closing by year end

[bjcheung77]

Another one bites the dust, or a couple more in the article, due to operating expenses among other things... Oh well, what I don't see is how government is trying to help schools or students through the big mess... It seems other industries are getting at least some help, but teachers, schools, students are getting the worse blunt at the moment...

Link: https://www.highereddive.com/news/cardin...ar/647290/

[cardiacclep]

Good? The model these small liberal schools were founded on are now obsolete or quickly becoming so. A quick search states the tuition is $34K and $10K for room and board......for a university that people would ask "where/what is that?". The value of a higher end public 4 year can be dubious already.......so these types of schools are rapidly becoming irrelevant have no chance. 

Some prominent liberal arts colleges with a strong alumni base (Colorado College, Amherst, etc.) will still survive/thrive but some random no name place founded in the 30s in middle of no where are going extinct. 
The liberal arts are important subjects that deserved studying but the 100K plus price tag will have a small audience or they go to the more respected options so ultimately a supply/demand scenario playing out in the higher ed market place.

[ss20ts]

Unfortunately, I think we're going to see many colleges close over the next decade. The small colleges have been struggling financially for years. Covid put the nail on the coffin of many. They were going to close at some point down the road, but Covid sped up the process.

I live in an area with several historic (aka OLD) small colleges and they're all struggling. Have been for years. Cazenovia College so far is the only one to close. Not the first college in the region to close. There was a college named after President Eisenhower built here in the 60's. Closed in the 80's. Sat vacant for over a decade which is weird. Why not split the land up and try to sell it that way? Eventually, a chiropractic college from Long Island bought it and has been there ever since. It's such a dated, weird campus. Bob Hope was part of the ground breaking ceremony. The place is just so weird!

[lisarox]

Tiffin University got their back.

https://www.tiffin.edu/admissions/transf...niversity/

[ss20ts]

Tiffin University got their back.

https://www.tiffin.edu/admissions/transf...niversity/

This is typically what happens with nearby colleges when one closes. They welcome the misplaced students. The records also are given to another school to manage.

[Messdiener]

Even if the university is closing, the property looks like it may remain as an educational institution. The Ramirez Family Foundation has purchased the property and is exploring "educational ministries" that it could be used for.

More details here: https://www.wisn.com/article/ramirez-fam...n/44650576

[bjcheung77]

Update: Cardinal Stritch University campus purchased for $24M | Higher Ed Dive