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Which Private Colleges Will Close?
Predicting a college's closure is difficult.
Comparing a private college's financial health and viability is easy - using the
2023 Executive Analysis College Viability App.
How many College closures
have there been?
Did you know that Illinois has had 6 private colleges close since 2016? Massachusetts: 9 closures . . . . New York: 5 . . . Vermont: 5 . . . . . Oregon had 4 and California had 6.
Source: HigherEdDive.com
But closure isn't the biggest concern. Students and their families are increasingly concerned about the quality of a college education.
Your organization needs to know how your college compares to others. If it is stronger, you want to be able to demonstrate that comparative strength to students and their families. If your college is financially weaker than its competitors, you will want to be able to identify financially stronger potential partners.
The IPEDS data is there. The raw data has been available for a long time. Now, the Executive Analysis version of the College Viability App lets you quickly and easily compare 30 financial, enrollment, and outcome, and more data for all private, 4-year colleges in the United States.
Given the decreasing enrollment and increasing tuition discounting in the current higher education market, it is important to know how your college compares to others in its competitive region.
Do You Want Me To Predict The Next College Closure?
I can't.
There are too many factors and those that have tried have faced intense pressure from colleges to keep their predictions out of the public eye.
But I can help you compare. That is why I designed the College Viability App.
I took the cumbersome data from the National Center for Education Statistics and its IPEDS dataset. I created a proprietary, state-by-state, college-by-college list of ALL of the IPEDS Unit ID's for all of the private colleges in the United States.
These Unit ID numbers from IPEDS unlock the comparisons I have done - and the ones your team can now do based on your unique information needs.
Key Indicators to Compare
FTE Enrollment Trends
8 years of IPEDS data clearly shows which private colleges are struggling to maintain enrollment.
Unfunded Grants
We are aware that colleges offer merit aid and other financial aid incentives that are not backed by actual funds. This report show how heavily a college relies on unfunded discounts.
Admissions Yield
Also known as a popularity indicator, the admissions yield reflects the market's perception of a college. Lower yields indicate that accepted students prefer other colleges.
Tuition & Fees Revenue
While attention is focused on enrollment changes, enrollment doesn't pay the bills. We track the past 8 years of revenue from tuition and fees.
6-year Graduation Rates
College Viability uses a 6-year undergraduate graduation rate minimum threshold of 70%. If a college can't graduate its students in 6 years, it has yet to develop systems and processes to consistently do so.
Graduate Student Enrollment
Many colleges publicize their efforts to grow graduate student enrollment. Our 8 years of tracking data suggest that very few are successful.
Still not convinced: Look at the tutorial for the 2023 Executive Analysis College Viabilty App.
See how simple it is to create your own comparisons for 30 different IPEDS field reports.
Get the 2023
Executive Analysis
College Viability App
See Details Below.
Your competitors are
looking at your data
The Executive Analysis College Viability App will make your leadership team aware of the most financially-challenged colleges in your market.
It will provide you with an established source of comparison data to share with your faculty and other stakeholders.
It will enable enable you to start planning for teach-out offers for the financially weakest colleges in your market.
