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Why Do Some Colleges Close Without Warning?
Manage episode 435414530 series 3299482
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Roughly 250,000 student loan borrowers were affected by more than 1,100 school closings between 2010 and 2020, according to data from the U.S. Government Accountability Office. Higher Ed Dive senior reporter Ben Unglesbee shares insights from his reporting on the topic, shedding light on the factors that contribute to abrupt closures, the difficulties in anticipating financial crises, and the complexities of mergers as a potential lifeline for struggling schools with host Jason Altmire.
The two discuss why colleges come to the decision to close, often to the shock of students and staff. The pair also address what can be done to protect students when colleges shutter their doors unexpectedly, emphasizing the importance of transparency, early intervention, and robust teach-out agreements.
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