The Wall Street Journal’s story about the struggles of St. Michael’s College is a must read for anyone who wants to understand the problems faced by colleges today and over the next decade. Ten years ago, no one would have believed that St. Michael’s would face long-term declines in enrollments and serial deficits. Now, it is, and its story is not an uncommon story for many colleges throughout the country.
Here is the citation: The Small Private Colleges Dying in a Winner-Take-All University Marketplace – WSJ