Listen "TWICV special edition with Dr. David Evans"
Episode Synopsis
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 closureA 5-year historical perspective on the changes in higher education still leading to the cutbacks, layoffs, and closure that happen with some regularityBroken bond covenants and the role they are playing in college closuresThe impact of higher education data entrepreneurs on the college marketDr. Evans talks about the importance of liquidity as a college faces a financial crisisHere are some additional notes from the podcastTakeawaysAccreditors 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 collegesFuture students should assess the physical condition of campuses.
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