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Anticipating and Managing Precipitous College Closures

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Title: Anticipating and Managing Precipitous College Closures
Language: English
Authors: Colston, Jar, Fowler, Gregory, Laitinen, Amy, McCann, Clare, Studley, Jamienne, Tandberg, David, Weeden, Dustin, New America
Source: New America. 2020.
Availability: New America. 740 15th Street NW Suite 900, Washington, DC 20005. Tel: 202-986-2700; Fax: 202-986-3696; Web site: https://www.newamerica.org
Peer Reviewed: N
Page Count: 24
Publication Date: 2020
Sponsoring Agency: Arnold Ventures
Bill and Melinda Gates Foundation
Document Type: Reports - Research
Education Level: Higher Education
Postsecondary Education
Descriptors: School Closing, Institutional Survival, Colleges, Educational Policy, Best Practices, Outcomes of Education, Enrollment Trends, Accreditation (Institutions), Federal Aid, School Holding Power, Proprietary Schools, Financial Exigency, Student Records, Accountability, Disclosure, Loan Repayment, State Policy
Abstract: Between the 2008-09 and 2016-17 school years, over 300 degree-granting higher education institutions in the United States have closed their doors. An overwhelming majority of these recently closed institutions are for-profit colleges, which often serve a population of disproportionately low-income students receiving Pell Grants and federal loans. Over the last five years, an average of 20 campuses have closed each month, leaving around 500,000 students (mostly working adults, low-income students, and students of color) affected, according to an analysis by the "Chronicle of Higher Education." Recently, closures of for-profits have hit these communities particularly hard given disproportionate enrollment of marginalized populations in those schools, sparking national debate about increased accountability for these institutions. The data on the overall state of closures in the higher education system, however, obfuscate the different ways in which those institutions close, and why they close in those ways. Some have engaged in orderly closures, in which an institution winds down its programs over time to continue serving current students without welcoming more students. Others, have experienced precipitous closures, where institutions shut their doors virtually without warning, leaving students left wondering what to do. This report examines a dozen precipitous college closures (both private nonprofit and for-profit), assessing the warning signs that were missed and the actions that were not taken to protect students. Each closure is examine across a range of metrics, including student outcomes; enrollment trends; governance concerns; speed and severity of regulator actions; institution response; and aftermath for students. [Additional support from the Sorenson Impact Center MAPS Project.]
Abstractor: ERIC
Entry Date: 2020
Accession Number: ED604979
Database: ERIC
FullText Text:
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  Data: Anticipating and Managing Precipitous College Closures
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  Data: New America. 740 15th Street NW Suite 900, Washington, DC 20005. Tel: 202-986-2700; Fax: 202-986-3696; Web site: https://www.newamerica.org
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  Data: Between the 2008-09 and 2016-17 school years, over 300 degree-granting higher education institutions in the United States have closed their doors. An overwhelming majority of these recently closed institutions are for-profit colleges, which often serve a population of disproportionately low-income students receiving Pell Grants and federal loans. Over the last five years, an average of 20 campuses have closed each month, leaving around 500,000 students (mostly working adults, low-income students, and students of color) affected, according to an analysis by the "Chronicle of Higher Education." Recently, closures of for-profits have hit these communities particularly hard given disproportionate enrollment of marginalized populations in those schools, sparking national debate about increased accountability for these institutions. The data on the overall state of closures in the higher education system, however, obfuscate the different ways in which those institutions close, and why they close in those ways. Some have engaged in orderly closures, in which an institution winds down its programs over time to continue serving current students without welcoming more students. Others, have experienced precipitous closures, where institutions shut their doors virtually without warning, leaving students left wondering what to do. This report examines a dozen precipitous college closures (both private nonprofit and for-profit), assessing the warning signs that were missed and the actions that were not taken to protect students. Each closure is examine across a range of metrics, including student outcomes; enrollment trends; governance concerns; speed and severity of regulator actions; institution response; and aftermath for students. [Additional support from the Sorenson Impact Center MAPS Project.]
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      – Text: English
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        PageCount: 24
    Subjects:
      – SubjectFull: School Closing
        Type: general
      – SubjectFull: Institutional Survival
        Type: general
      – SubjectFull: Colleges
        Type: general
      – SubjectFull: Educational Policy
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      – SubjectFull: Best Practices
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      – SubjectFull: Outcomes of Education
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      – SubjectFull: Enrollment Trends
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      – SubjectFull: Accreditation (Institutions)
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      – SubjectFull: Federal Aid
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      – SubjectFull: School Holding Power
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      – SubjectFull: Proprietary Schools
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      – SubjectFull: Financial Exigency
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      – SubjectFull: Student Records
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      – SubjectFull: Accountability
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      – SubjectFull: Disclosure
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      – SubjectFull: Loan Repayment
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      – SubjectFull: State Policy
        Type: general
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      – TitleFull: Anticipating and Managing Precipitous College Closures
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