"Are More New Jersey Colleges Doomed to Collapse?"

[retired711]

Yes. They're in the same bucket as NJCU and Bloomfield. Not sure their financials are as bad as of now.

Here's a recent bond rating on WPU. They're "stable" for the moment, but clearly there are issues. BBB+ isn't a great rating as compared to Rutgers' AA-. https://www.fitchratings.com/resear...sity-nj-revs-at-bbb-outlook-stable-06-02-2023

I don' t understand why WPU has "sizable pension obligations." The faculty is covered by the Alternate Benefit Program. https://www.nj.gov/treasury/pensions/documents/factsheets/fact38.pdf and the staff by PERS. https://www.wpunj.edu/human-resources/total-rewards/benefits/retirement-mandatory-benefits

BTW, I didn't know that Bloomfield has merged with Montclair. https://www.nj.com/education/2024/0...grams-after-merging-with-montclair-state.html

 

[DJ Spanky]

Remember that William Paterson is public,so it has a different set of issues from the other schools on your troubled watchlist.

Yes. They're in the same bucket as NJCU and Bloomfield. Not sure their financials are as bad as of now.

I live right down the street from Bill on the Hill. Beginning in the mid-to-late 90's they decided to change their profile from a commuter school known for being a teacher's college and for an outstanding music program to a regular run-of-the-mill "we're gonna make money" college/university. To that end they went on a building spree, putting up lots and lots of dorms. And, surprise, surprise, their tuition skyrocketed compared to what it used to be. Last I saw they were comparable to Rutgers on a course hour basis.

 

[retired711]

I live right down the street from Bill on the Hill. Beginning in the mid-to-late 90's they decided to change their profile from a commuter school known for being a teacher's college and for an outstanding music program to a regular run-of-the-mill "we're gonna make money" college/university. To that end they went on a building spree, putting up lots and lots of dorms. And, surprise, surprise, their tuition skyrocketed compared to what it used to be. Last I saw they were comparable to Rutgers on a course hour basis.

Rowan has been doing the same thing and has roughly the same tuition. Perhaps Rowan has executed the strategy better. Rowan has, for instance, the only four-year engineering program in South Jersey.

 

[DJ Spanky]

Rowan has been doing the same thing and has roughly the same tuition. Perhaps Rowan has executed the strategy better. Rowan has, for instance, the only four-year engineering program in South Jersey.

South Jersey? Is that based on a North/South orientation or a North/Central/South orientation?

 

[bigmatt718]

Rowan has been doing the same thing and has roughly the same tuition. Perhaps Rowan has executed the strategy better. Rowan has, for instance, the only four-year engineering program in South Jersey.

Rowan has been strategically growing for the last almost 2 decades now. They're within striking distance of passing Seton Hall in US News rankings. I'm all for a strong Rowan because it would potentially alleviate a lot of NJ brain drain for the NJ kids who don't get into RU-NB.

Any word on Stockton? I feel like they're just a Public Monmouth. Only selling point is going to college 10 minutes from AC because academically they stink compared to Rowan and the colleges in and around Philly.

 

[retired711]

South Jersey? Is that based on a North/South orientation or a North/Central/South orientation?

The question is purely academic: by any formulation Rowan (which is in Gloucester County) qualifies as South Jersey.

 

[bigmatt718]

South Jersey? Is that based on a North/South orientation or a North/Central/South orientation?

Rowan is in Gloucester County which is about as South Jersey as you can get.

 

[retired711]

Rowan has been strategically growing for the last almost 2 decades now. They're within striking distance of passing Seton Hall in US News rankings. I'm all for a strong Rowan because it would potentially alleviate a lot of NJ brain drain for the NJ kids who don't get into RU-NB.

Any word on Stockton? I feel like they're just a Public Monmouth. Only selling point is going to college 10 minutes from AC because academically they stink compared to Rowan and the colleges in and around Philly.

Rutgers, and particularly Rutgers-Camden, are much more Rowan's competition than Seton Hall. Rutgers-Camden is rated higher, but Rowan has the advantages of having lower tuition, an engineering program, a teacher education program (Camden has a tiny one) and perhaps most importantly, an administration that cares about making it better. Perhaps it's no surprise that Rowan's first-year class is essentially equal to Rutgers-Camden's in test scores and GPA. https://www.collegesimply.com/colleges/compare/rowan-university-vs-rutgers-university-camden

 

[bigmatt718]

Rutgers, and particularly Rutgers-Camden, are much more Rowan's competition than Seton Hall. Rutgers-Camden is rated higher, but Rowan has the advantages of having lower tuition, an engineering program, a teacher education program (Camden has a tiny one) and perhaps most importantly, an administration that cares about making it better. Perhaps it's no surprise that Rowan's first-year class is essentially equal to Rutgers-Camden's in test scores and GPA. https://www.collegesimply.com/colleges/compare/rowan-university-vs-rutgers-university-camden

I'm in agreement with you that if I had to choose between Rowan and RU-Camden, I'd choose Rowan. Rowan has been very ambitious to where they're basically the de facto University of South Jersey now.

 

[retired711]

I'm in agreement with you that if I had to choose between Rowan and RU-Camden, I'd choose Rowan. Rowan has been very ambitious to where they're basically the de facto University of South Jersey now.

The current chancellor at Rutgers-Camden is, by all accounts, not very good. The last time Camden had an ambitious chancellor, Wendell Pritchett, he left after Barchi turned down every request to make the place better. To the central administration, the Camden campus is nothing more than a way to demonstrate "concern" for Camden. Pritchett went back to Penn, served as its acting President and has a chair there; it was extraordinary for Rutgers-Camden to have attracted someone of his caliber. But Rutgers gonna be Rutgers.

 

[DJ Spanky]

The last time Camden had an ambitious chancellor, Wendell Pritchett, he left after Barchi turned down every request to make the place better.

Good Ol' "Throw 'Em Under The Bus" Barchi

 

[bigmatt718]

Apparently Dick McCormick is becoming the President of Stony Brook as of August 1st.

 

[jaydogsmooth1]

Rowan has been doing the same thing and has roughly the same tuition. Perhaps Rowan has executed the strategy better. Rowan has, for instance, the only four-year engineering program in South Jersey.

They got the 100 Million donation from Henry Rowan nearly 30 years ago to jump start the process

 

[retired711]

They got the 100 Million donation from Henry Rowan nearly 30 years ago to jump start the process

Yes, and of course Rutgers didn't respond. Like I say, Rutgers gonna Rutgers. Maybe it would have been better if Rowan had been allowed to take over Rutgers-Camden -- at least there would be leadership that wanted to improve the place.

 

[retired711]

Apparently Dick McCormick is becoming the President of Stony Brook as of August 1st.

He will only be the interim President while they do a national search. Of course, who knows how that will end up.

BTW, Stony Brook is apparently more selective than Rutgers, and its first year class has better numerical credentials. https://www.collegesimply.com/colle...rsity-new-brunswick-vs-stony-brook-university

Edit: McCormick will turn 77 the day after Christmas. IMHO, only a damn fool would want to be a university president at that age.

 

[Leonard23]

Will 25 Percent Of Colleges Consolidate? An Update On A Prediction

The prediction that Clayton Christensen and I made appears to be playing out—and maybe in the timeframe we originally said.

www.forbes.com

 

[ashokan]

Is college still worth it? Many Americans say no

Americans are losing faith in higher education amid high tuition, uncertain payoff and culture wars on campus.

www.newsweek.com

 

[Leonard23]

Drexel with some challenges and restructuring:

Enrollment stood at 21,700 last school year, down 10% from 2017. Drexel has not yet released its enrollment numbers for this fall. With a quarter system, classes are not scheduled to start until Sept. 23. Fry acknowledged enrollment challenges this year, given ongoing problems nationally with federal financial aid forms.

Drexel also has faced a reduction in net tuition revenue. In 2023, it stood at $610 million — $17 million less than it was in 2015. Fry said last month that medical malpractice settlements also were a strain.

Drexel University is consolidating schools and asking several deans to step down

The move comes amid a budget crunch and as the West Philadelphia university prepares to move from a quarter system to a semester system, which is part of a larger academic restructuring.

www.inquirer.com

 

[NotInRHouse]

Drexel with some challenges and restructuring:

Enrollment stood at 21,700 last school year, down 10% from 2017. Drexel has not yet released its enrollment numbers for this fall. With a quarter system, classes are not scheduled to start until Sept. 23. Fry acknowledged enrollment challenges this year, given ongoing problems nationally with federal financial aid forms.

Drexel also has faced a reduction in net tuition revenue. In 2023, it stood at $610 million — $17 million less than it was in 2015. Fry said last month that medical malpractice settlements also were a strain.

Drexel University is consolidating schools and asking several deans to step down

The move comes amid a budget crunch and as the West Philadelphia university prepares to move from a quarter system to a semester system, which is part of a larger academic restructuring.

www.inquirer.com

I never understood the lure Drexel has...I remember reading at 1 point it was among top 5 schools for NJ OOS students

 

[bigmatt718]

I never understood the lure Drexel has...I remember reading at 1 point it was among top 5 schools for NJ OOS students

They're for STEM kids in NJ who couldn't get into Stevens, Rutgers-NB, or PSU.

 

[Leonard23]

I never understood the lure Drexel has...I remember reading at 1 point it was among top 5 schools for NJ OOS students

They're for STEM kids in NJ who couldn't get into Stevens, Rutgers-NB, or PSU.

It's likely more because of the co-op program and Philly location (next to UPenn). A lot of South Jersey students likely apply there and Temple because they don't want to go to Rutgers Camden or Rowan and have more of an affinity for all things Philly over NJ and NYC.

 

[bigmatt718]

It's likely more because of the co-op program and Philly location (next to UPenn). A lot of South Jersey students likely apply there and Temple because they don't want to go to Rutgers Camden or Rowan and have more of an affinity for all things Philly over NJ and NYC.

I'd rather go to Delaware than Temple if I was a South Jersey kid and was too scared of moving away from the Philly metro area. The co-op program at Drexel is a good sell, though, I will say that. Agreed on Rowan...while it has gotten a ton better, it's still has the stink of being the de facto safety school in the minds of South Jersey kids who couldn't get into anywhere else, albeit not as strong as when I was looking at colleges in the early 2000s. Bet they have a bunch of kids who only go to Rowan for a year or 2 and then transfer out to somewhere like RU-NB, Delaware, Nova, PSU, etc.

 

[NotInRHouse]

It's likely more because of the co-op program and Philly location (next to UPenn). A lot of South Jersey students likely apply there and Temple because they don't want to go to Rutgers Camden or Rowan and have more of an affinity for all things Philly over NJ and NYC.

I knew kids when I was in HS (about 1 hr from NYC and 1 and 15 from Philly, but culturally closer to the former) who went to Temple and UDel but the price for those is way lower...maybe Drexel is giving out a lot of $$? The one school I always knew about with the co op was Northeastern, maybe as they have improved, Drexel is the new #2?