VISITORS stand out at Marlboro College’s bucolic campus in the woods of Vermont, but not because they are special or even unexpected. With 190 matriculated students and just a few dozen faculty and staff, everyone knows everyone. The student-faculty ratio is five to one, about the lowest in the country. The college administration has worked hard to stay small: the student population has rarely topped 350. But in the years since its founding after the second world war, Marlboro has often skirted financial ruin. In 1993 it had only a few payrolls left in the bank. It was rescued by a foundation. Today it is looking for ways to save itself and already seeing some success.
Marlboro is not alone in facing revenue and enrolment pressures. Burlington College (70 students), also in Vermont, shut its doors over the summer. Sweet Briar, a well-regarded women’s college in Virginia, nearly closed to its 245 students last year. A last minute bout of fundraising by alumni saved it, for now. Moody’s, a credit-ratings agency, said in 2015 that the pace of closures and mergers will accelerate and could triple from an average of five per year over the next few...Continue reading
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