Another One Bites The Dust

Postscript to my February 14 post on colleges and universities in financial trouble: the College of New Rochelle, whose enrollment woes I profiled in 2017, will probably close this summer. Details are contained in this Inside Higher Ed story.

According to its federal tax filings, the College of New Rochelle had a negative net operating margin for every single fiscal year from 2011 through 2016. During this period its operational expenses per FTE undergraduate increased by almost 45 percent. The increase for fiscal years 2012 through 2016 was nearly 53 percent.

New Rochelle is yet another example of a private, non-profit college that did not sufficiently reduce its operational costs when enrollment plummeted after the Great Recession. Expenses per student ballooned until the college became insolvent.

%d bloggers like this: