Newbury College Closing Shortly After Enrolling Mount Ida Students


December 18, 2018 3:26 PM
by Susan Dutca-Lovell
Before joining a group of small private liberal arts institutions that had to close its doors due to financial pressures and falling enrollment, Newbury College encouraged students from defunct Mount Ida College to transfer over. The hope was that the addition of students to Newbury's campus would be enough to allow the school to continue its educational mission. Unfortunately, Newbury has announced it will have to shut-down operations next spring and some students who recently arrived from Mount Ida feel twice betrayed.

Before joining a group of small private liberal arts institutions that had to close its doors due to financial pressures and falling enrollment, Newbury College encouraged students from defunct Mount Ida College to transfer over. The hope was that the addition of students to Newbury's campus would be enough to allow the school to continue its educational mission. Unfortunately, Newbury has announced it will have to shut-down operations next spring and some students who recently arrived from Mount Ida feel "twice betrayed."

The college, which currently has 625 students, cited demographic and severe financial constraints in higher education - as well as overspending, "over-acceptance of students, the issuance of the types of scholarships and discounts to entice students to come" - as reasons for the closure. In a last-ditch effort to remain open, Newbury College recruited students from Mount Ida College. Both colleges offer "generous financial aid" to almost all of their students. Newbury's net assets dropped by nearly $2.4 million in 2017, ran a working capital deficit of about $825,000, and it recorded negative cash flow from operations of $442,000. Between 2006 and 2017, it lost roughly half of its enrollment and by the 2018-2019 academic year, it was offering deep discounts to students who enrolled.

Although some families had asked specifically about the school's finances before transferring over to Newbury, and received assurance that "all was well," students, faculty and parents learned of the closing last Friday. The decision to close came only after a "tireless pursuit" of various options to remain open, including affiliations, mergers and strategic partnerships. Newbury is "far from the only small college or university to publicly face closure."

College is expensive, Scholarships.com is completely free. Pay for your college education with as much free college scholarship money as possible. By applying to all the awards you qualify for, you can be sure to not miss a single opportunity in paying for your college expenses - including tuition, fees, room and board. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 

    In honor of LGBTQ Pride Month this June, Scholarships.com is recognizing the success of, and providing financial aid resources to the lesbian, gay, bi-sexual, transgender, and queer community and its allies through featured LGBTQ scholarships. These colorful LGBTQ scholarships are not only intended for those who identify as LBTQ or are questioning, but are available to LGBTQ parents and allies, as well. Below is a preview of LGBTQ scholarships that were created to provide economic mobility and equality for LGBTQ students and allies who may face unique challenges on their educational journeys. For even more LGBTQ scholarships, Parent LGBTQ scholarships or LGBTQ Ally scholarships, visit here.

LGBTQ Scholarships for Pride Month

June 6, 2019 3:22 PM
by Susan Dutca-Lovell
In honor of LGBTQ Pride Month this June, Scholarships.com is recognizing the success of, and providing financial aid resources to the lesbian, gay, bi-sexual, transgender, and queer community

    We're bringing the heat with these fiery summer scholarships for which you can apply this summer break. While scholarships are offered year-round, many students have more free time during the summer to devote to scholarship essays and applications, so we encourage you to prioritize financial aid in-between basking in the sun.

Sizzling Summer 2019 Scholarships

June 5, 2019 11:21 AM
by Susan Dutca-Lovell
We're bringing the heat with these fiery summer scholarships for which you can apply this summer break. While scholarships are offered year-round, many students have more free time during the
 China's Ministry of Education is warning its students about studying in the United States in its first study abroad alert of the year. Students are advised to prepare accordingly given the potential difficulties in acquiring visas since the visa review period has been extended, the validity period has been shortened and the refusal rate has increased.

China Warns Students Against Studying in the U.S.

June 4, 2019 4:24 PM
by Susan Dutca-Lovell
China's Ministry of Education is warning its students about studying in the United States in its first "study abroad alert" of the year. Students are advised to "prepare accordingly" given the
Affluent families allegedly abused the system by acquiring faulty learning disability diagnoses in order to gain extra time on the SAT or ACT, according to recent reports on the college admissions scandal. In some incidents, some corrupt proctors took the tests for the students or corrected their answers.

Issues of SAT Equality, from Testing to Scoring

May 28, 2019 11:27 AM
by Susan Dutca-Lovell
Affluent families allegedly abused the system by acquiring faulty learning disability diagnoses in order to gain extra time on the SAT or ACT, according to recent reports on the college admissions
Ciara will soon one, two step in the halls of Harvard University's prestigious Business School according to her latest Instagram post in which she shared the good news of being accepted into the Business of Entertainment, Media and Sports program while donning a Harvard sweatshirt. The $10,000 program, which spans over the course of three days is open to talent and individuals active in the entertainment industry, according to Harvard Business School's website.

Ciara Levels Up, Headed to Harvard Business School

May 21, 2019 3:51 PM
by Susan Dutca-Lovell
Ciara will soon "one, two step" in the halls of Harvard University's prestigious Business School according to her latest Instagram post in which she shared the good news of being accepted into the
For a 72-year-old grandmother, graduating from college with a bachelor's degree from The University of New Mexico was better late than never. To top that off, Rigina Wright also graduated at the top of her class as Valedictorian with a 4.067 GPA.

Graduating Grandma Garners Top Honor of Valedictorian

May 14, 2019 11:14 AM
by Susan Dutca-Lovell
For a 72-year-old grandmother, graduating from college with a bachelor's degree from The University of New Mexico was "better late than never." To top that off, Rigina Wright also graduated at the
Democratic presidential candidate Senator Elizabeth Warren is proposing the elimination of existing college student loan debt for millions of Americans; over 42 million individuals.

Warren Pitches Loan Forgiveness, Free College Education

April 23, 2019 3:17 PM
by Susan Dutca-Lovell
Democratic presidential candidate Senator Elizabeth Warren is proposing the elimination of existing college student loan debt for millions of Americans; over 42 million individuals. According to