Hampshire College closure highlights financial strain on small liberal arts schools
Summary
Hampshire College in Massachusetts will close at the end of the year due to financial problems. Nearly 450 private, nonprofit colleges in the United States may face closure or mergers in the next ten years.Key Facts
- Hampshire College is a small liberal arts college in Massachusetts.
- The college has experienced financial decline for several years.
- Hampshire College announced it will close by the end of this year.
- There are about 1,700 private, nonprofit colleges and universities in the U.S.
- An estimate says nearly 450 of these schools are at risk of closing or merging in the next decade.
- Financial challenges are putting many small colleges in danger.
- This trend affects mainly small liberal arts schools.
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