Dive Temporary:
- Hodges College, a small, non-public nonprofit school on the southwest Florida coast, introduced Friday it’s going to shut by August 2024.
- College officers mentioned in an announcement that their efforts to spice up enrollment failed, regardless of the faculty providing “revolutionary packages.” The scholar decline at Hodges, coupled with ongoing monetary issues, compelled it to shut, the assertion mentioned.
- Many Hodges college students will be capable of full their levels on the school. Nevertheless, the college is working with different establishments to seek out switch alternatives, in keeping with the assertion.
Dive Perception:
Hodges is considered one of a number of small non-public establishments to lately announce shutdowns, a pattern consultants anticipate to persist amid harsh financial circumstances for increased training and the expiration of federal COVID-19 assist {dollars}.
The college was based in 1990 as Worldwide Faculty, however renamed in 2007 after a $12 million donation from native benefactors Earl and Thelma Hodges.
Its enrollment has dropped considerably previously decade or so, from greater than 2,000 college students in fall 2013 to about 440 in fall 2022, in keeping with federal information.
The college’s accreditor, the Southern Affiliation of Faculties and Faculties’ Fee on Faculties, has saved a watch on the turmoil. In December 2022, SACSCOC positioned Hodges on probation, saying it hadn’t met its benchmarks for board governance and monetary accountability.
On the time, SACSCOC deliberate to judge Hodges’ accreditation once more in December 2023.
