The Warning Signs That a College Is in Financial Trouble

From the UA Convergence (Alaska) to SUNY New Paltz UUP, activists are keeping watch on and calling public attention to conflicts of interest and other fiduciary “lapses.”

ACADEME BLOG

In an article published in Money [http://time.com/money/3145086/corinthian-colleges-university-bankrupt-financial-trouble/], Matt Krupnick, who writes for the Hechinger Report, highlights “Five Signs Your College Is in Serious Financial Trouble.” Krupnick has clearly written the article in response to the well-publicized issues facing Corinthian College and the City College of San Francisco, though neither of those institutions’ problems are really typical of the problems that cause most colleges to close. Corinthian Colleges became a massive online for-profit whose business practices were extreme even for institutions in that sector–in particular, in its emphasis on recruitment without regard to academic outcomes and its abuse of federally guaranteed student aid. On the other hand, the City College of San Francisco has been in an extended conflict with an accrediting agency with skewed priorities–placing more emphasis on maintaining administrative apparatus than on meeting instructional needs during a period of economic crisis.

In any case, Krupnick’s five…

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About @NatM4Equity

The National Mobilization for Equity is a coalition of organizations committed to alleviating the present staffing crisis in higher education: three-quarters of the teaching jobs in American colleges are held by underpaid, precarious and poorly-supported contingent faculty. Our long-term goal is to end contingency as the norm. The current untenable situation not only adversely affects all faculty members, both contingent and tenure-track, it also negatively impacts our profession, our students and the quality of their education.

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