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kworkbos t1_ix8jsg1 wrote

Reply to comment by ktappe in The college-age population is about to crash. It will change higher education forever (Article with a focus on PA). by Sovereign2142

they'll just be bought up by other schools; turned into dorms or research facilities.

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thisonelife83 t1_ixay3eg wrote

Sometimes they (small colleges) are bought to raid the endowment funds. There was a WSJ article about this a few months ago. One college targeted specific criteria to purchase as a satellite campus. They found one in CA with a decent endowment and land worth $100M. They basically paid nothing for the college. Due to declining enrollment the college didn’t see a way forward.

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kworkbos t1_ixczi6u wrote

ugh, you're absolutely right. Boston University bought (edit: merged) a small college recently; I just looked them up and now B.U. is 'managing' the $46 million endowment that the former (Wheelock) had. Bastards!

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