The Hechinger Report is a national nonprofit newsroom that reports on one topic: education. Sign up for our weekly newsletters to get stories like this delivered directly to your inbox.
Sweet Briar College may have been saved by its alumni, at least for now, but small private, nonprofit colleges across the country remain at risk.
That’s because these schools face longstanding obligations and financial models that require them to give away unsustainable proportions of their revenue in the form of discounts to lure accepted applicants.
The $20 million in pledges from Sweet Briar alumni and supporters to keep the college going after its announced shutdown speaks to the broad support and affection for these institutions, and increasing demands that their leaders find ways to sustain them.
The Hechinger Report’s Jon Marcus discusses this topic with Stephen Smith for American RadioWorks. Listen to the conversation here.
The Hechinger Report provides in-depth, fact-based, unbiased reporting on education that is free to all readers. But that doesn't mean it's free to produce. Our work keeps educators and the public informed about pressing issues at schools and on campuses throughout the country. We tell the whole story, even when the details are inconvenient. Help us keep doing that.