More than 50 public and private nonprofit colleges have closed, merged or announced closures since March 2020, and over half of the students whose institutions shut down did not re-enroll.
At least 14 nonprofit colleges announced they were closing last year. New York had the most institutions to close with three, followed by Wisconsin with two. Notre Dame College's closure marks the first in Ohio since then.
Students frustrated with the abrupt notice and lack of transparency took to The College of Saint Rose's official public announcement to voice their concerns, booing Board Chair Jeffrey Stone a few minutes into his speech.
Additionally, King's College's accrediting body has stripped its accreditation, citing the school's failure "to demonstrate that it can sustain itself in the short or long-term."
Following Trocaire College's failed acquisition of its neighboring Buffalo private school, Medaille University is closing its doors, displacing around 1,600 students.
Damages from two $100 billion hurricanes have finally sealed the fate of this 60-year-old private university, which was unsuccessful in its efforts to bring a merger to fruition.
"We're about to fall off that cliff," said Higher Education Co-Chairman Gregg Haddad referring to the reliance the state system placed on one-time federal aid investments, such as the American Rescue Plan.
