"Larry Schall emphasized the importance of recognizing and addressing financial challenges while colleges still have the runway to do so, indicating that proactive measures are crucial for institutional stability."
"Despite the closure of institutions like Hampshire and Anna Maria College, Schall believes that the concerns surrounding the state of small colleges are largely overblown, suggesting a need for a balanced perspective."
Larry Schall, president of the New England Commission of Higher Education, noted the closure of Hampshire College and Anna Maria College was expected due to financial instability. He highlighted that many small colleges have closed in New England over the past two decades, with more anticipated. Despite this, Schall believes the concerns regarding small colleges are exaggerated. His experience as president of Oglethorpe University showed that financial challenges can be addressed effectively, emphasizing the need for proactive measures before crises arise.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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