Career College Central summary:
Some private colleges that managed to weather the recession are announcing layoffs, cutting programs and more. Almost all of these small to mid-sized privates are tuition-dependent and lack large endowments. National declines in the number of traditional college-age population mean students just aren't showing up to privates, which are facing competition from public colleges that are more stable now than a few years ago and the reality that privates cannot afford to indefinitely lure students by cutting prices with generous financial aid packages.
College presidents, private college trade groups and higher ed consultants blame a confluence of long- and short-term trends for battering some private colleges, particularly the small to mid-sized privates that depend on tuition dollars because they don't have significant endowments. It’s hard to tell if there is an existential threat brewing that could close a significant number of colleges, as some pundits have grandly predicted. But a sampling of the cuts — primarily driven by falling enrollment — suggests serious challenges for many institutions.
Click through to see the list of struggling private colleges.
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