Weekly Market Update
NEW STUDY PREDICTS ENROLLMENT CHALLENGES
Thursday, May 30, 2019
A sharp decline in U.S. birth rates may affect colleges and universities by 2026 as students born in the wake of the Great Recession reach college-going age. Nathan Grawe, an economics professor at Carleton College, recently published a book about 10-year data trends in higher education. Grawe predicts that the East North Central region will experience the largest drop (21.6%) in college-bound high school seniors. The effects will vary by school type: elite and national four-year colleges will likely see a modest decline, but two-year and regional four-year colleges will face significant enrollment reductions.
In Other News
- Federal judge Richard Stearns has dismissed a lawsuit against Mount Ida College brought by a group of former students who claimed to have been defrauded by the now-closed college. Stearns stated that college officials have no fiduciary duty to students and the college did not violate any laws in its handling of the closure.
- The University of Chicago will use a $75 million pledge from the Pritzker Foundation to establish the Pritzker School of Molecular Engineering, the university's first new school in three decades. The School will be the first in the country, according to university officials, to be devoted exclusively to molecular engineering.
- The University of Nebraska's Board of Regents has selected Susan Fritz as interim president. President Hank Bounds announced earlier this year that he would be stepping down.
- The University of Louisville has announced it will be selling the majority of its 64% stake in Passport Health Plan, a struggling Medicaid managed care company, to Evolent Health for $44.7 million. The money will be used by the University address "critical funding issues" at its School of Medicine and U of L Physicians practice.