Enrollment is down 18 percent this fall at Midway College, a private institution in Kentucky, The Lexington Herald-Leader reported. As a result, the college is eliminating the positions of about a dozen of its 54 faculty members, and ending all employer contributions to retirement accounts. "As an institution that is so heavily dependent on tuition revenue, cuts have to be made," said John Marsden, the president, in a news release. "After exhausting all other options, some faculty contracts will be eliminated from this fiscal year in order to balance the budget."
Read more here: http://www.kentucky.com/2013/09/10/2814656/steep-enrollment-drop-brings-faculty.html#storylink=cpy
Declines in the total enrollment of American higher education are "credit negative" for colleges and universities, particularly the majority that depend on tuition revenue for operating support, says a review of credit issues released Monday by Moody's Investors Services. "Enrollment declines in higher education are credit negative because they heighten competitive pressure for all universities. This limits opportunity to grow tuition revenue, now the primary revenue for the majority of public and private universities," said the report. "[A]mong traditional undergraduate colleges and universities, the credit effect is more severe for lower-rated, tuition-dependent colleges and universities that lack a strong brand name or market position. For higher rated universities with established student demand, the effect is minimal."
The report added that demographics of students may have a major impact on which institutions feel these shifts. "With the fall 2012 enrollment declines most pronounced for students over the age of 25, the credit effect is most acute for community colleges and for the 30 percent of universities we rate where more than 25 percent of total enrollment is at the graduate level," the report said. "Declining graduate enrollment can disproportionately affect a university since students in graduate programs typically generate more revenue per student than in undergraduate programs."
Officials at U.S. News & World Report have warned that some methodology changes this year might lead to more movement on the rankings -- announced this morning -- than is the norm. That may well be the case, but the top three national universities and liberal arts colleges will be quite familiar to those who have tracked the rankings in the past. And the top 10 lists look pretty familiar, too.
One statistic Inside Higher Ed has tracked is the participation rate of those who participate in the controversial "reputational" portion of the rankings, in which presidents and others evaluate other colleges -- a system many believe leads to high rankings for colleges that have been historically strong and well known. This year, the participation rate of presidents over all dropped two points, to 42 percent. At liberal arts colleges (a sector that has been particularly critical of the rankings) the numbers are stable at 47 percent. U.S. News continues to be unable to get a high participation rate from its survey of high school counselors. Only 11 percent participated this year, the same as last year.
College enrollment fell by 467,000 in the fall of 2012, according to a Census Bureau report released Tuesday. The decline followed substantial increases in previous years. Most of the 2012 decline came from older students (those 25 and older). Their enrollment fell by 419,000.
The board of the Educational Testing Service announced Thursday that Walt MacDonald will become the next president and CEO. MacDonald is currently executive vice president and chief operating officer of ETS. He will succeed Kurt M. Landgraf, who has been president since 2000.
Lynn University has announced that it will no longer require the SAT or ACT from undergraduate applicants. Via e-mail, Gareth P. Fowles, vice president for enrollment management, said that while the university "recognizes that standardized tests are able to accurately measure the aptitude for a certain group of students ... we believe that standardized tests do not always reflect the true potential of all students." Applicants who are home schooled or who plan to participate in intercollegiate athletics will continue to be required to submit test scores.