Rider University is Downsizing

[T2Kplus10]

I bet this will be a beginning of a trend with small private colleges, demand is decreasing:

http://www.nj.com/education/2015/10..._majors_laying_off_pro.html#incart_river_home

 

[derleider]

No surprise there. Its actually always amazed me that there were so many private schools to begin with.

 

[rufancoe00]

No surprise there. Its actually always amazed me that there were so many private schools to begin with.

Agree, outside of maybe 50 private schools is it worth it to spend 2x the tuition over a state school? Lets look at New Jersey (excluding Princeton)

Stevens $47,000 #75 National University
Seton Hall $36,000 #123 National University
Drew $46,000 #112 National Liberal Arts
Rider $38,000 #22 North Regional University
Monmouth $33,000 #36 North Regional University

vs

RU-NB $14,000 #72 National University
NJIT $15,000 #140 National University
RU-N $14,000 #140 National University
TCNJ $15,000 #3 North Regional University
Ramapo $13,000 #26 North Regional University

 

[T2Kplus10]

Agree, outside of maybe 50 private schools is it worth it to spend 2x the tuition over a state school? Lets look at New Jersey (excluding Princeton)

Stevens $47,000 #75 National University
Seton Hall $36,000 #123 National University
Drew $46,000 #112 National Liberal Arts
Rider $38,000 #22 North Regional University
Monmouth $33,000 #36 North Regional University

vs

RU-NB $14,000 #72 National University
NJIT $15,000 #140 National University
RU-N $14,000 #140 National University
TCNJ $15,000 #3 North Regional University
Ramapo $13,000 #26 North Regional University

Why would anyone go to one of those private school for 2x or 3x more, I don't get it?

 

[mal359]

I fully expect Rider to add a few more administrators now. What a farce.

 

[srru86]

The is going to be an ongoing trend. If you look at the demographics it is inevitable. The population of traditional college age folks is going on the decline and will for a long time. The Baby Boom and Echo are over.

 

[NotInRHouse]

Why would anyone go to one of those private school for 2x or 3x more, I don't get it?

Schools like SHU, Rider, Monmouth are more or less "auto admit" whereby the overwhelming majority of applicants are accepted. The only NJ public schools in this category are commuter schools like Montclair, Willy P, Kean, etc. I think a lot of parents can afford the private schools and just pay up. I notice it's now common place for NJ parents to pay for schools like Succasunna or East Stroudsburg or Kutztown- just to say lil Johnny or Suzie left NJ...granted they at least cost less than Rider but still a total no name brand.

IMO I would rather pay for an out of state public school like WVU or Temple which are also basically auto admit but much less expensive and more of a real college experience.

Outside of the Ivies and schools like Duke, Stanford, CMU...I think private school is a total waste for undergrad.

 

[T2Kplus10]

Schools like SHU, Rider, Monmouth are more or less "auto admit" whereby the overwhelming majority of applicants are accepted.

Outside of the Ivies and schools like Duke, Stanford, CMU...I think private school is a total waste for undergrad.

Totally +1

 

[derleider]

The is going to be an ongoing trend. If you look at the demographics it is inevitable. The population of traditional college age folks is going on the decline and will for a long time. The Baby Boom and Echo are over.

This is somewhat true - look at the largest cohorts
20-24 is roughly college age, 15-19, the group about to go to college.

In 2010 the two groups were #3 and #4. Now 20-24 is #1 (well in 2013) and but 15-19 are way down at #7 and by #20 tyhey are expected to be #6 and #9. Of course the population as a whole is still growing and a higher percentage is going to school, so probably there wont be a huge drop off in college age kids, but there wont be the enormous growth of the past - which will hurt schools that overexpanded or count on having a ton of kids who cant get into other schools to fill their enrollment budgets.

http://www.calculatedriskblog.com/2014/06/census-bureau-largest-5-year-population.html