If I created titles for these podcasts, this one would be: Benefits of Hindsight in Closing a College.
Dr. David Evans was the president of Vermont Southern College in 2019. His college was on the leading edge of a demise that has since impacted dozens more private colleges.
Closure.
In this special podcast, we discuss:
The accreditor's role in the closure
A 5-year historical perspective on the changes in higher education still leading to the cutbacks, layoffs, and closure that happen with some regularity
Broken bond covenants and the role they are playing in college closures
The impact of higher education data entrepreneurs on the college market
Dr. Evans talks about the importance of liquidity as a college faces a financial crisis
Here are some additional notes from the podcast
Takeaways
Accreditors often prioritize protecting institutions over students.
Transparency about financial health is increasingly important.
Deferred maintenance can indicate a college's financial stability.
Consolidation may be necessary for the sustainability of small colleges
Future students should assess the physical condition of campuses.
