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Post by sader1970 on Jun 17, 2023 21:14:38 GMT -5
From CNBC
“ Why more and more colleges are closing down across the U.S.
The mid-2010's saw an uptick in U.S. college closures, particularly among private nonprofit schools. This trend has affected tens of thousands of college students across the country.
Since 2016, 91 U.S. private colleges have closed, merged with another school, or announced plans to close, according to a CNBC analysis of data from Higher Ed Dive. Almost half of those schools closed after the onset of the Covid pandemic in 2020. For many struggling schools the pandemic was the final straw — but two major themes showed up consistently throughout the closures: finances and enrollment.
"There are two significant issues affecting higher education right now, specifically, through the admission and enrollment offices," said Robert Franek, editor-in-chief of The Princeton Review. "Number one, it is the admission cliff, and that is the impending decline [in the number of prospective students]. We'll be graduating our lowest high school classes by population in 2025. And most enrollment professionals have been wringing their hands about this date of 2025, but many schools have seen those enrollment declines already."
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Post by hcpride on Jun 24, 2023 4:52:40 GMT -5
Looks like Cabrini University (formerly Cabrini College) may be purchased by nearby Villanova: “Villanova has tentative agreement to buy Cabrini University campus” www.inquirer.com/news/pennsylvania/villanova-to-buy-cabrini-university-close-20230623.html?outputType=ampApparently Cabrini has major cash and enrollment issues and nearby Villanova is doing well: Unlike many of the region’s smaller Catholic universities, Villanova’s undergraduate enrollment has been steady over the last five years. For the school year that just ended, Villanova, which has a 260-acre campus, had 6,752 full-time undergraduates.
When Moody’s Investors Service upgraded Villanova’s credit rating in February 2022 to Aa3 from A1, it noted that “capacity limitations constrain undergraduate growth prospects.” The acquisition of Cabrini’s nearby campus could solve that problem.
Moody’s also noted that Villanova had become significantly more selective, admitting 23% of applicants starting last fall compared to 49% in 2014. The percentage of admitted students who enrolled increased 32% from 22% over that same time period.
While Cabrini has lost money for 10 consecutive years through last June, Villanova has been consistently profitable on an operating basis. The value of Villanova’s endowment had increased to $1.16 billion as of May 31 of last year, up from $640 million five years earlier. Over the same period, the value of its total pool of investments rose to $1.4 billion from $736 million. |
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Post by purplehaze on Jun 24, 2023 8:46:30 GMT -5
‘Nova’s various decisions by their trustees over the past 20 years have proven extremely successful - one has to be very impressed by this report - I wonder if they could build a bigger football stadium on the Cabrini property?
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Post by sader1970 on Jun 24, 2023 8:49:07 GMT -5
Pretty sure the size of their stadium works for them as long as they remain FCS which I haven't seen any evidence they are looking to change.
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Post by hcpride on Jun 24, 2023 9:20:19 GMT -5
‘Nova’s various decisions by their trustees over the past 20 years have proven extremely successful - one has to be very impressed by this report - I wonder if they could build a bigger football stadium on the Cabrini property? They’re happy with the 12.5 K seat stadium they have but initial report/rumor was a relocation of their law school. That apparently isn’t happening. Perhaps additional room for the undergraduate population is part of the plan? The comprehensive article hints at that. |
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Post by Pakachoag Phreek on Jun 24, 2023 9:27:00 GMT -5
The property that Villanova covets (contrary to the Commandment) is not Cabrini, but Rosemont. May be a good six iron distance from the football stadium.
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Post by hcpride on Jun 24, 2023 9:46:53 GMT -5
The property that Villanova covets (contrary to the Commandment) is not Cabrini, but Rosemont. May be a good six iron distance from the football stadium. I heard that about 15 years ago (when Rosemont was all girls and struggling). Villanova was renting a dorm or two from them. I think the tiny school is still struggling and now coed. |
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Post by rf1 on Nov 30, 2023 20:03:37 GMT -5
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Post by hchoops on Nov 30, 2023 21:15:22 GMT -5
They had a strong hoops program for quite a while.
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Post by purplehaze on Nov 30, 2023 21:39:18 GMT -5
I believe Anderson was coach at Albertus Magnus (Rockland County NY) before taking the FDU job
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Post by hchoops on Nov 30, 2023 22:15:00 GMT -5
I believe Anderson was coach at Albertus Magnus (Rockland County NY) before taking the FDU job Actually it was St.Thomas Acquinas.in Sparkhill |
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Post by HC13 on Nov 30, 2023 22:40:51 GMT -5
Horrible news. My family had/has a very close relationship with the school for a very long time. My sister-in-law was a Dean of the Business school. Former President Mark Sullivan was a good friend. |
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Post by higheredguy on Dec 1, 2023 0:05:08 GMT -5
Saddening to hear - local Catholic colleges should look to hell the student body transfer. Unfortunately, I doubt HC has the capacity to absorb additional transfer students at the moment.
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Post by newfieguy74 on Dec 1, 2023 7:57:01 GMT -5
My niece, who is a speech pathologist, got her Master's at St. Rose and had a good experience. Sad to see schools like this fail.
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Post by bfoley82 on Dec 1, 2023 11:06:40 GMT -5
Saddening to hear - local Catholic colleges should look to hell the student body transfer. Unfortunately, I doubt HC has the capacity to absorb additional transfer students at the moment. Holy Cross should take the entire Women's Soccer team...they would contend for a Patriot League title next year if they did. |
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Post by timholycross on Dec 1, 2023 12:36:43 GMT -5
Saddening to hear - local Catholic colleges should look to hell the student body transfer. Unfortunately, I doubt HC has the capacity to absorb additional transfer students at the moment. Holy Cross should take the entire Women's Soccer team...they would contend for a Patriot League title next year if they did. Still alive in the NCAAs, playing next a team they beat, 4-1, 3 weeks ago. Has to be motivating in some ways, deflating in others. Reminds me of my high school; the best soccer team they ever had was the final year of the school's existence. |
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Post by Chu Chu on Dec 1, 2023 14:42:27 GMT -5
Saddening to hear - local Catholic colleges should look to hell the student body transfer. Unfortunately, I doubt HC has the capacity to absorb additional transfer students at the moment. Holy Cross should take the entire Women's Soccer team...they would contend for a Patriot League title next year if they did. No kidding. They have some graduate student team members who would not be eligible, however. We should also consider hiring their coach, Laurie Darling! gogoldenknights.com/sports/womens-soccer/roster/coaches/laurie-darling-gutheil/2599 |
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Post by bfoley82 on Dec 1, 2023 17:19:34 GMT -5
They been good for a few years now.... |
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Post by bison137 on Dec 1, 2023 18:07:27 GMT -5
Holy Cross should take the entire Women's Soccer team...they would contend for a Patriot League title next year if they did. Still alive in the NCAAs, playing next a team they beat, 4-1, 3 weeks ago. They got eliminated earlier today. |
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Post by timholycross on Dec 5, 2023 13:27:18 GMT -5
Believe it or not, St Rose has a player on its roster that transferred in the spring from St Francis of Brooklyn.
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Post by hchoops on Dec 5, 2023 13:32:48 GMT -5
Believe it or not, St Rose has a player on its roster that transferred in the spring from St Francis of Brooklyn. If he is an underclassman, watch out where he goes next year. |
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Post by longsuffering on Dec 6, 2023 8:04:13 GMT -5
Believe it or not, St Rose has a player on its roster that transferred in the spring from St Francis of Brooklyn. "The Cooler" |
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