A Merger Won’t Save Your College
There is little disagreement that private colleges are facing a financial crisis. Conservative estimates say that hundreds of institutions are in peril, and discouraging enrollment numbers are likely to only get worse. In other industries, similar conditions have presaged waves of consolidation in which weaker entities sell out to stronger ones through a sweeping pattern of mergers. Many in higher education have optimistically predicted that struggling colleges will be saved by a similar wave.
Originally published: September 22, 2019
Author: Robert Witt
Position: Chancellor Emeritus
Institution: University of Alabama
Published by: The Chronicle of Higher Ed