Most have never been. Universities have long operated under a very different mindset that never involved cost cutting.
OT: College enrollment and financial issues?
- Thread starter Leonard23
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And in places where demographics are changing fast, those chickens are warping home to roost.
That strategy may make sense since South Jersey kids don't want to go to RU-Camden and usually only go there as a last resort. They're much more likely to go to Rowan as a safety school. Philly kids may see RU-Camden as a chance to get out of Philly and into South Jersey after graduation which is safer in most parts.
You're telling me. My late father's career was as a consultant for colleges and medical facilities in fund raising. His comments on faculties were scathing. It wasn't "we're going to run a great program and if it is not profitable so be it". It was "Hey, we're SUPPOSED to lose money, with all the inefficiencies that attitude entailed."
We run our small office extremely efficiently. On everything. We haggle on phone plans, copier rental, down to cost of coffee and coffee cups. It's easier for a small organization/business. Universities, with all of the their separate departments academic, admission, alumni relations, research, athletics, etc all have different needs, and I would imagine each department is siloed, getting a budget, and they spend it as they see fit.
I'd think that Temple would be alluring to kids that don't get into Cult and Pitt in state, and I have heard of NJ kids that don't get into RU going there.
I would think the Philly private schools (other than Penn ofc) are in a lot more trouble.
It seems like overall there's population issues in PA impacting their colleges. Not a problem we have here.
The entire country and much of the world is facing an austerity crisis. It is starting to remind me of 08 sadly. Everyone outside of the top 1% is feeling the pinch.
Nephew from Hunterdon County is at Temple and loves it. I have two others and a cousins kid at St Joes who also love Philly.
Penn is Penn...they'll never have any issues whatsoever. Drexel has the co-op program which IMO is very valuable but they're overpriced as hell. St. Joe's I think should be okay. La Salle might be in trouble. Nova is a safety school for rich North Jersey and Long Island Catholic kids who didn't get into any of the Ivies, ND, Georgetown, or BC so they'll be okay. Temple will have some possible issues but all in all they're a solid 3rd public option in state for PA kids who didn't get into PSU or Pitt as well as a solid option for Jersey kids who didn't get into Rutgers-NB. Out of the Philly 6 schools, IMO La Salle is in the most trouble as they're a mediocre 4th tier Catholic in a city with 2 much better Catholics in Nova and St. Joe's. Basically the Philly equivalent of St. Peter's.
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Not even remotely close to 2008…at all. even if the 3 letter “news” activists want you to believe that.
We have a ridiculous AI bubble, housing bubble and inflation that is far outpacing wages.
Something will give.
It doesn't have to be the exact same cause. 08 was also based on real money not crypto and other fake currency.
Mine is 4 letters, Acme, I look at my bill.
The cost of a dozen donuts last year from tailgates went up from September to November.
A piece of crap house in a mediocre school district is 600k (at least) within 90 minutes of NYC.
And on.
You think anyone needs the news to tell them that?
Albright College warned by accreditors over financial instability, budgeting issues
This story was produced by the Berks County bureau of Spotlight PA, an independent, nonpartisan newsroom. Sign up for Good Day, Berks, a daily dose of essential local stories at spotlight…
www.abc27.com
Choosing an obscure liberal arts school that isnt academically elite, religious or known for being a boarding school for the 1% will most definitely be at risk to close in the next decade or so. It would be incredibly risky to send your kids there knowing there is a nonzero chance that school may not be around by the time the kids graduate. Transferring process has to be a nightmare in that sitaution.Albright College warned by accreditors over financial instability, budgeting issues
This story was produced by the Berks County bureau of Spotlight PA, an independent, nonpartisan newsroom. Sign up for Good Day, Berks, a daily dose of essential local stories at spotlight…
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Had an employee who went to a similar school in California that closed. She needed a transcript to apply for a certification she needed for her job and couldn’t get one. Was a nightmare scenario indeed
See below. I remember way back in high school that Albright College was touted as some fantastic college. A lot of kids from my HS applied, IIRC.Albright College warned by accreditors over financial instability, budgeting issues
This story was produced by the Berks County bureau of Spotlight PA, an independent, nonpartisan newsroom. Sign up for Good Day, Berks, a daily dose of essential local stories at spotlight…
Much ado about nothing:
"University of Tennessee, Knoxville professor Robert Kelchen, an expert in higher education finance, accountability policies, and practices, said colleges and universities commonly fall out of compliance with accrediting agencies. For Albright College, the warning serves as an early alert to accreditors having concerns.
But the private college in Reading isn’t high on the commission’s radar at this point, Kelchen said.
“It’s not like accreditation loss is imminent,” he said. “But it’s the accreditor sending a clear message that if you can’t turn things around in the next year or so, then you may really be at risk of losing accreditation.”