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Could Your College Close? 5 Warning Signs Every Family Should Watch For
Published 3 weeks, 3 days ago
Description
Hampshire College and Anna Maria College have both announced plans to wind down, joining a a list of other colleges that have announced closures this year. Families committing tuition dollars now have a real interest in spotting financial trouble before it surfaces in a closure announcement.
More than 30 New England colleges have closed or merged over the past decade, per the Boston Fed. Huron Consulting Group projects over a quarter of private, four-year schools could close or merge in the next ten years. Forbes' new College Financial Grades report shows clear balance sheet stress at hundreds of institutions.
With these sobering stats in mind, how can you be sure your college will last? Here's what to watch out for.