College of Saint Rose in New York to Close in May
“We are devastated that despite all our efforts we were unable to avoid closure. Our goal now is to ease the transition for our students, faculty, and staff.”
This is a familiar story. The school is basically out of money. There is more of this to come.
FOX News reports:
Albany, NY’s College of Saint Rose to close in May
The College of Saint Rose, a century-old Roman Catholic College in Albany, New York, will close in May 2024 after years of financial struggles, college officials announced Friday.
“It is with a heavy heart that the Board decided to close the college at the end of this academic year,” Jeffrey D. Stone, chair of the college’s board of trustees, which voted to close the school on Thursday, said in a statement. “The Board determined that the College does not have the financial resources to operate for the full 2024-2025 academic year and therefore cannot remain a standalone institution.”
Stone added, “We are devastated that despite all our efforts we were unable to avoid closure. Our goal now is to ease the transition for our students, faculty, and staff.”
The college will help students either graduate in May or continue their studies elsewhere, officials said, and the human resources department will assist faculty, administrators and staff in their job search.
The College of Saint Rose was founded in 1920 by the Sisters of St. Joseph of Carondelet as a women’s college. It became fully co-educational in 1969.
The school has offered a range of liberal arts programs while specializing in training teachers, with undergraduate and graduate degrees in fields such as early childhood education, educational leadership and school psychology.
Notable alumni include “Tonight Show” host Jimmy Fallon, who also served as the 2009 commencement speaker.
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Comments
My ex-wife was a “Rosebud”. What’s she going to do ow?
Inside Higher Ed keeps a tally of closure announcements – I believe that this is 14 or 15 this year, most of them small private religious-affiliated colleges.
That’s too bad because they offer some advantages to certain students who will be lost if they are to go to Enormous State University. Students who couldn’t get into a Williams or an Amherst could still get into a St. Rose or a Nyack.
Financially, though, the model has become less viable. With community college — the first two years of a bachelor’s degree — virtually free in most states, and the cost of tuition ramping up even at the small privates, pennywise parents just won’t consider them.
I worked at a small Catholic private for about 20 years. The pay was in the bottom quintile for higher ed in that state and the benefits were scant. The place was always struggling for enrollment. There was a major financial scare after a VP burned through the unrestricted endowment. The place still operates by the skin of its teeth after laying off almost every untenured faculty member along with some administrators.
We’ll see a few more of these fall over the next few years and then it will be the time for small regional public Unis, the things we used to call “state colleges.”
There really is no necessity for traditional residential college.
Almost all of it can be done via internet.
People are in denial about this reality. Just like when the horseless carriage came along ~120 years ago, and folks debated pros vs cons of going horseless.
Imagine the cost savings if freshman courses were available on a website-on-demand.
Trump’s American Academy is a positive step in the right direction.
All these small Catholic colleges really ought to pool resources and innovate. They probly won’t, however, because psychologically — like most of higher education — they’re not yet in the 21st century.
It’s sad, really.