Private Giveaway — from –by Ry Rivard
Private college in Iowa gives itself to the University of Iowa rather than be forced out of business 


Leaders at the AIB College of Business in Iowa took a look at the future of their small private college and decided to shut down and donate the campus to the University of Iowa.

AIB’s decision, made back in January, is similar in some respects to one made a few weeks later by leaders at Sweet Briar College, a 700-student women’s college in rural Virginia, that announced it plans to close this year.

At AIB, officials figured they would close down before they were forced out of business.


Corinthian Colleges Closing — from

Addendum 5/1/15 re: Corinthian Colleges:

  • For-Profit Corinthian Colleges Goes Out Of Business – from by
    Some 16,000 students at Everest Colleges and other schools will be affected.
    Excerpt (emphasis DSC):
    Corinthian Colleges, the embattled for-profit college company, announced Sunday that it is ceasing operations, immediately shuttering all of its 28 remaining campuses. The abrupt closure is unprecedented in size: on Monday, some 16,000 students at Corinthian’s Everest, Heald, and Wyotech College chains, most of them in California, will have no school to attend.


California Attorney General Kamala Harris | Eric Risberg / Via AP Photo


See Bryan Alexander’s list of Queen Sacrifices including Elmhurst College makes a queen sacrifice (3/1/15)


Sweet Briar will close — from by Scott Jaschik


Sweet Briar College announced today that it is shutting down at the end of this academic year.

Small colleges close or merge from time to time, more frequently since the economic downturn started in 2008. But the move is unusual in that Sweet Briar still has a $94 million endowment, regional accreditation and some well-respected programs. But college officials said that the trend lines were too unfavorable, and that efforts to consider different strategies didn’t yield any viable options. So the college decided to close now, with some sense of order, rather than dragging out the process for several more years, as it could have done.

Paul G. Rice, board chair, said in an interview that he realized some would ask, “Why don’t you keep going until the lights go out?”

But he said that doing so would be wrong. “We have moral and legal obligations to our students and faculties and to our staff and to our alumnae. If you take up this decision too late, you won’t be able to meet those obligations,” he said. “People will carve up what’s left — it will not be orderly, nor fair.”


Closing with grace — from by Alice Brown


The closing of Sweet Briar College will, I expect, have little impact on other small, private, rural colleges with small endowments. Most will keep their heads in the sand, live on in a state of denial and continue to produce strategic plans that say little more than “Hope.”



Addendum on 3/17/15:

Tennessee Temple University, after almost 70 years in operation in Highland Park, is set to close after this semester.

Trustees are set to vote on Tuesday morning to merge Temple with Piedmont International University of Winston-Salem, N.C. Students who are not graduating this semester would have the option to continue their education there. Bryan College in Dayton, Tn., and Shorter College at Rome, Ga., would be other options.

The merger with Piedmont will officially take place on April 30, pending the approval of the Transnational Association of Christian Colleges and Schools which is the accrediting body for both universities.


Addendum on 3/19/15:


Addendum on 3/20/15:


Addendums on 4/6/15: