Enrollment and revenue issues for Michigan private colleges

Name: Enrollment and revenue issues for Michigan private colleges
Uploaded: 2022-11-08T18:35:41+00:00
Duration: 1 min 58 s
Channel: Gary Stocker
Description: In this episode of "This Week in College Viability," host Gary Stocker reviews his recent top‑10 and bottom‑10 reports on Michigan’s private colleges…

8 Nov 2022 · 2 min

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1:58

In this episode of "This Week in College Viability," host Gary Stocker reviews his recent top‑10 and bottom‑10 reports on Michigan’s private colleges using the 2022 parent version of the College Viability app. He examines 23 regional private institutions and finds that a majority experienced negative enrollment growth between 2015 and 2020. Highlighting Baker College, he notes an 8,000‑student enrollment decline accompanied by reduced tuition‑and‑fee revenue, and observes a broader pattern of decreasing tuition revenue across the list. Stocker argues that enrollment trends and tuition‑fee revenue changes are key indicators of a college’s financial health, warning that institutions with declines in both should be scrutinized when making enrollment or investment decisions. He signals that future episodes will explore additional colleges.

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Welcome to another episode of This Week in College Viability. My name is Gary Stocker. Over the past week, I've published and posted two top 10 and bottom 10 reports on private colleges in Michigan. So I went ahead and went to the College Viability app, the 2022 parent version of the College Viability app, and I brought up all regional private colleges in Michigan. It's interesting to note, of the 23 colleges in this list, that more of them have had negative enrollment growth from the reporting period of 2015 to 2020 than there have been colleges with growth. I can highlight the growth ones for you. It's a small number. And so it begs the question, which of these colleges are the ones that are going to have the most trouble? And again, I'm going to go get— go back and grab those with with negative enrollment growth. And let's look at just the enrollment growth and tuition fee revenue. So we can see Baker College— all sorts of issues associated with Baker College. Enrollment is down almost 8,000 students, tuition fee revenue. But if we look at the whole list, we can see that there is a pattern where there is decreased tuition and fee revenue for these colleges. So the challenges that we must look at when we're considering colleges is the first item on that list probably should be, is this college financially healthy? There's a couple ways you can look at that. You can look at just at tuition enrollment change. If the enrollment is going down, that's not a good thing. And you can also look at the tuition and fees and revenue change. Typically they're related. One goes up, the other goes up. But if a college you're looking at has issues with both, it's time to think about whether that college belongs on your list or not. We'll talk next time about other colleges.