Last week’s announcement that Sweet Briar College would close in August came as a shock to many. Some alumnae have organized a fundraising campaign to keep Sweet Briar alive and others are wondering why a college with an $84 million endowment and 700 students had to close while it still had cash in the bank. The board cited an unsustainable enrollment decline as one of the reasons.
Pew Research Center has just published a compelling report, “The Rising Cost of Not Going to College.” Based on a nationwide study of 2,000+ adults supplemented by recent data from the U.S. Census Bureau, Pew found that on almost every measure of economic and career attainment, Millenials (adults between the ages of 25 to 32) with a college degree outperform their counterparts with less education.
During the Christmas and New Year’s holidays, fewer articles about higher education are published, primarily because colleges and universities are closed and faculty, students, and administrators are not around. On December 28, 2012, however, The Wall Street Journal published an article entitled “Deans List: Hiring Spree Fattens College Bureaucracy- and Tuition.” The article doesn’t appear to have been picked up in too many other places.
I read an article in the October 15, 2011 issue of The Economist entitled “Trouble in the Middle.” The article begins by stating that interest in MBA programs at American business schools peaked in 2009 and applications have fallen since then. The author states that some business schools are worried that the trend is related to more than just a slow recovering economy, but in fact a greater change.