Newbury College Closing Shortly After Enrolling Mount Ida Students


December 18, 2018 3:26 PM
by Susan Dutca
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


 
Yale is the first university to rescind the acceptance of a student over the national college admissions cheating scandal that implicated 50 people, including celebrities, college administrators and coaches. The FBI investigation, dubbed Operation Varsity Blues, discovered that parents paid anywhere from $200,000 to $6.5 million for guaranteed admission into elite colleges and universities.

Yale Rescinds Acceptance Amid Admissions Bribery Scandal

March 26, 2019 3:33 PM
by Susan Dutca
Yale is the first university to rescind the acceptance of a student over the national college admissions cheating scandal that implicated 50 people, including celebrities, college administrators and
A Dickinson College senior did not foresee her essay in the student paper titled Should White Boys Still Be Allowed to Talk? going viral online or appearing on national organizations' websites. In her guest editorial, Leda Fisher argues that white, male students are taking over discussions of feminism, LGBTQ and race that she feels are better voiced by women and minority students.

Should White Boys Be Heard? Dickenson Student Says No

February 19, 2019 4:28 PM
by Susan Dutca
A Dickinson College senior did not foresee her essay in the student paper titled "Should White Boys Still Be Allowed to Talk?" going viral online or appearing on national organizations' websites. In
Despite the possibility of earning free money for college, some current and prospective college students do not complete the FAFSA - perhaps because the form is confusing and lengthy. Instagram influencers and college bloggers are stepping in and have teamed up with the U.S. Department of Education to encourage more students to fill out their FAFSA with the hashtag #ButFirstFAFSA.

Insta Influencers Involved with Student FAFSA?

February 12, 2019 4:04 PM
by Susan Dutca
Despite the possibility of earning free money for college, some current and prospective college students do not complete the FAFSA - perhaps because the form is "confusing and lengthy." Instagram

    Scholarships.com has the scholarships your heart (and wallet) desire this month and we are sharing the love, beginning with this list of featured February 2019 college scholarships. Focus on scholarship love and worry less about how you’ll pay for college this upcoming semester.

Fall in Love with February 2019 Scholarships

February 7, 2019 1:33 PM
by Susan Dutca
Scholarships.com has the scholarships your heart (and wallet) desire this month and we are sharing the love, beginning with this list of featured February 2019 college scholarships. Focus on
York College of Pennsylvania is under scrutiny for Photoshopping a billboard in order to appear more diverse by replacing white students with students who reflected diversity. Manipulating marketing tools to appear more diverse in college admissions materials is not uncommon, according to Inside Higher Ed.

College Under Fire for Photoshopping Billboard

February 5, 2019 12:59 PM
by Susan Dutca
York College of Pennsylvania is under scrutiny for "Photoshopping" a billboard in order to appear more diverse by replacing white students with students "who reflected diversity." Manipulating
 A Princeton University student who had applied to medical school and was rejected is now suing the school after being advised to take a DNA test to discover Native American or African American lineage in hopes of significantly increasing her chances of admission. The student is charging racial discrimination and a federal judge ruled that her case would proceed, despite requests to dismiss it.

Princeton Graduate Sues Grad School for Discrimination

January 29, 2019 4:33 PM
by Susan Dutca
A Princeton University student who had applied to medical school and was rejected is now suing the school after being advised to take a DNA test to discover Native American or African American
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the most restrictive provisions of an earlier attempt to replace the borrower-defense rule. The loan rule outlines how borrowers who were defrauded or misled by their college can seek loan forgiveness.

Education Dept. to Rewrite the 2016 Loan Rule Overhaul

January 22, 2019 3:55 PM
by Susan Dutca
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the "most restrictive provisions" of an earlier attempt to replace the borrower-defense rule.