Tuesday, May 12, 2015

Trying to Survive

Inside Higher Ed
May 12th, 2015

Mills College has struggled with enrollment declines, persistent budget deficits and faculty unrest. Despite a nine-figure endowment and year-after-year budget reductions, the Oakland, Calif., women's college is just one step away from a junk bond rating by Moody’s.
In the same month faculty considered a vote of no confidence in the college’s president, another women’s college on the other side of the country announced it was shutting its doors -- officials at Virginia's Sweet Briar College, citing declining enrollment, lowering yield rates and rapidly inflating tuition discounts, said they would rather close the rural college’s doors this summer than drag the process out and spend down its sizable endowment of $85 million.

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