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Started By
Message
Birmingham Southern To Close in May
Posted on 3/26/24 at 2:54 pm
Posted on 3/26/24 at 2:54 pm
LINK
30 years ago, private liberal arts colleges were the rage. And they offered advantages over public state schools. Smaller classes, better professors, more selective students, etc.
But those advantages have vanished. Now the public universities offer a better value in almost every category.
This trend will accelerate. Millsaps, Rhodes, Suwannee, and countless others will begin the steady grind into oblivion.
I had dinner with someone in higher education a few years ago who said that over half of the private liberal arts colleges will close over the next 30 years.
And the cutoff point for survival will be an endowment of something like $1 billion by 2030. Any school that doesn't have that will not be able to continue.
quote:
After a long fight for a loan from the Alabama legislature, Birmingham-Southern College announced Tuesday that it will close its doors on May 31.
“The Board of Trustees voted unanimously today to close the College after a 2024 bill designed to amend the 2023 legislation that established the loan program on which our future depended failed to win sufficient support in the Alabama House of Representatives. Without that funding, the College does not have the resources to continue,” a letter from the Rev. Keith D. Thompson, the chair of BSC Board of Trustees, states.
30 years ago, private liberal arts colleges were the rage. And they offered advantages over public state schools. Smaller classes, better professors, more selective students, etc.
But those advantages have vanished. Now the public universities offer a better value in almost every category.
This trend will accelerate. Millsaps, Rhodes, Suwannee, and countless others will begin the steady grind into oblivion.
I had dinner with someone in higher education a few years ago who said that over half of the private liberal arts colleges will close over the next 30 years.
And the cutoff point for survival will be an endowment of something like $1 billion by 2030. Any school that doesn't have that will not be able to continue.
This post was edited on 3/26/24 at 3:00 pm
35
Posted on 3/26/24 at 2:55 pm to No Colors
Many more colleges need to go under unless they can reign in costs.
Posted on 3/26/24 at 2:59 pm to No Colors
St Louis just had a small Catholic school, Fontbonne, announce they're shutting down.
Something like 5 of the 7 schools that said they'll take the students with little or no interruption of degree process are also a threat to close soon.
Something like 5 of the 7 schools that said they'll take the students with little or no interruption of degree process are also a threat to close soon.
Posted on 3/26/24 at 2:59 pm to No Colors
Was a solid school, know several grads
But yeah victim of there being too many colleges pumping out worthless degrees
Also being in a shitty part of town didnt help. Samford pulls in a similar student type and is in a better part of Birmingham.
But yeah victim of there being too many colleges pumping out worthless degrees
Also being in a shitty part of town didnt help. Samford pulls in a similar student type and is in a better part of Birmingham.
This post was edited on 3/26/24 at 3:12 pm
Posted on 3/26/24 at 3:01 pm to No Colors
I guess the frat boy parent money dried up.
Posted on 3/26/24 at 3:02 pm to No Colors
"Yeah, we fancy like Applebee's on a date night
Got that Bourbon Street steak with the Oreo shake
Get some whipped cream on the top too
Two straws, one check, girl, I got you
Bougie like Natty in the styrofoam
Squeak-squeakin' in the truck bed all the way home
Some Alabama-jamma, she my Dixieland delight (ayy)
That's how we do, how we do, fancy like, oh"
A musical masterpiece written by an Alumnus.
Got that Bourbon Street steak with the Oreo shake
Get some whipped cream on the top too
Two straws, one check, girl, I got you
Bougie like Natty in the styrofoam
Squeak-squeakin' in the truck bed all the way home
Some Alabama-jamma, she my Dixieland delight (ayy)
That's how we do, how we do, fancy like, oh"
A musical masterpiece written by an Alumnus.
This post was edited on 3/27/24 at 10:10 pm
Posted on 3/26/24 at 3:04 pm to No Colors
It was a good school that did a good job educating its students. But this is mostly BSC’s fault, as anyone who has paid attention knows. And they did face some pretty stiff headwinds.
Posted on 3/26/24 at 3:04 pm to No Colors
quote:
This trend will accelerate. Millsaps, Rhodes, Suwannee, and countless others will begin the steady grind into oblivion.
I can see Millsaps on the chopping block in the not so distant future. I think places like Rhodes and Sewanee may have each carved out enough a niche for themselves to hang on for a while.
Posted on 3/26/24 at 3:07 pm to No Colors
Alot of good drugs are going to be looking for a new home
Posted on 3/26/24 at 3:13 pm to No Colors
I feel like centenary in Shreveport will do this
Posted on 3/26/24 at 3:37 pm to No Colors
quote:
over half of the private liberal arts colleges will close over the next 30 years.
Good. They can learn to weld.
Posted on 3/26/24 at 3:42 pm to No Colors
Just had a recruit contact me an hour ago citing this. School tuition was upwards of $22k/semester. Too expensive and their accredidation was very funky as many didn't have transferable hours to other schools. Their kids got screwed to find this out this late in the process and over Spring Break.
Posted on 3/26/24 at 3:46 pm to No Colors
I’d imagine Spring Hill College in Mobile won’t be far behind.
As for alumni of Birmingham-Southern, must be weird to have a degree from a college that no longer exist
As for alumni of Birmingham-Southern, must be weird to have a degree from a college that no longer exist
Posted on 3/26/24 at 4:45 pm to No Colors
Southern Shreveport
Southern Nola
Northwestern State
Nichols State
McNeese State
LSU-Shreveport (excluding medical school)
ULM (Move pharmacy school to LTU)
LSU-Alexandria
All need closed down or converted into trade school/2 year juco’s that feed a four year college.
Southern Nola
Northwestern State
Nichols State
McNeese State
LSU-Shreveport (excluding medical school)
ULM (Move pharmacy school to LTU)
LSU-Alexandria
All need closed down or converted into trade school/2 year juco’s that feed a four year college.
Posted on 3/26/24 at 5:14 pm to No Colors
quote:
This trend will accelerate. Millsaps, Rhodes, Suwannee, and countless others will begin the steady grind into oblivion.
Sewanee has an endowment of $425mil and Rhodes has an endowment of $400mil. They will both be ok for a long while. What these schools are going to need to do is stop giving out full rides to a bunch of kids and go back to a more pay as you go model.
I wonder what that campus land and buildings is worth at BSC?
This post was edited on 3/26/24 at 5:16 pm
Posted on 3/26/24 at 5:37 pm to No Colors
How Centenary is still open is a mystery to me. That college would barely be a 3A high school.
Posted on 3/26/24 at 5:45 pm to No Colors
LSU just crossed the $billion endowment threshold. A lot of schools will be closing if that’s true
Posted on 3/26/24 at 5:58 pm to No Colors
Not being mean but I've never even heard of this school.
Posted on 3/26/24 at 6:37 pm to No Colors
Posted on 3/26/24 at 6:46 pm to No Colors
There’s an HBCU in Raleigh that hasn’t paid its employees in a few months and shut down classes for the rest of the semester (everyone is taking online classes the rest of the semester). Apparently they didnt have custodians and faculty were taking out trash etc. It’s a complete dumpster fire.
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