In January, two small liberal arts colleges, Green Mountain College in Vermont and Hampshire College in Massachusetts, announced that they were going to close or merge with other schools. They joined the ranks of other small schools that have closed in recent years, such as Mount Ida College in Massachusetts, St. Gregory’s University in Oklahoma, and Marygrove College in Detroit. Sweet Briar College in Virginia was flatlining in 2015 before being resuscitated from certain death, thanks to extreme fundraising efforts by alumnae.
Small private schools suffer from a multitude of problems, including endowments that are tangled in strings, a declining interest in liberal arts, a decreasing pool of college-age kids, competition from online education, and growing administrative expenses. But most importantly, they can’t get families like mine to send their kids to their schools. They don’t have enough students who can pay full freight and are interested in the slower pace of a small liberal arts campus.