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TWICV special edition with Dr. David Evans
Manage episode 440073235 series 3526900
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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.
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