PASSHE Institutions Merging

[Ship69]

Drexel is cutting. Things are getting tough for the ones with stronger finances.

https://drexel.edu/president/communi...ent-University

Franklin & Marshall College in Lancaster County is making cuts as well. They had an $8 million budget deficit which has been partially caused by increased financial aid. Apparently, they're giving something like $50,000 per student in aid per year. If PASSHE can continue to stay relatively stable on tuition, it's going to put a lot of pressure on the privates.

[iupgroundhog]

Drexel is cutting. Things are getting tough for the ones with stronger finances.

https://drexel.edu/president/communi...ent-University

Drexel should be a fascinating case study for someone who works in higher education. Virtually no school has put itself on a growth path like Drexel has. The influx of money is virtually unmatched over the last 15 years or so. From 2011 to the end of 2017 I worked at 3000 Market St. which is basically on the Drexel campus. Every year there was a new high rise building being built to serve as our new neighbor. But sometimes the bigger they are, the harder they fall.

Drexel grew so fast academically and with respect to facilities and big new programs that it is not surprising that they have to make adjustments in the current environment. But these are short term reductions/corrections. Long term, note that he mentions 2 times monetizing their real estate portfolio. That means selling some of these new buildings, in my estimation. This real estate is prime stuff for the corporate world in Philadelphia. Drexel will be ok.

Drexel is tied in with the corporate environment and the city of Philadelphia as much as any institution is. Their development philosophy is based on big time corporate partnerships. They might need to do some belt tightening but it has a lot going for itself.

[Fightingscot82]

Those fancy luxury high rise dorms aren't cheap to maintain I'm sure....

They know in the end Penn will scoop it all up.

Drexel should be something like an MIT...I mean they won't get that prestigious but the campus is located in the heart of the booming University City Life Sciences sector...they should be drawing students from all over.

Tuitions are too expensive now...and the wall is getting hit. These schools need to find a way to make it more affordable. The current prices are not sustainable.

Housing is right behind it an is on approach to the wall....the cost of housing is not sustainable as well.

Drexel has been catering to wealthier students for some time. They give suburban kids that Instagram ready city life and parents are happy they're attending a school that uses co-op's to stay job focused. Its not a school that rural & middle class families are willing to borrow their way to experience. Drexel is a good school, but this must mean their margin is pretty slim.

If PASSHE can ever effectively sell on value & price, they'll bring a lot of private school to their knees.

[IUPNation]

Drexel is cutting. Things are getting tough for the ones with stronger finances.

https://drexel.edu/president/communi...ent-University

Those fancy luxury high rise dorms aren't cheap to maintain I'm sure....

They know in the end Penn will scoop it all up.

Drexel should be something like an MIT...I mean they won't get that prestigious but the campus is located in the heart of the booming University City Life Sciences sector...they should be drawing students from all over.

Tuitions are too expensive now...and the wall is getting hit. These schools need to find a way to make it more affordable. The current prices are not sustainable.

Housing is right behind it an is on approach to the wall....the cost of housing is not sustainable as well.

[Fightingscot82]

Drexel is cutting. Things are getting tough for the ones with stronger finances.

https://drexel.edu/president/communi...ent-University

[IUPNation]

Gannon is merging with Ursuline.

https://www.gannon.edu/ursuline-college/

To be a private school you need to have a lot of cash in the bank already ….….

This seems like a smarter move for survival then going D1 in sports that won’t fix a thing.

[Bart]

Gannon is merging with Ursuline.

https://www.gannon.edu/ursuline-college/

Watch for more Florida athletes in Erie

[Fightingscot82]

Gannon is merging with Ursuline.

https://www.gannon.edu/ursuline-college/

[Fightingscot82]

The University of the Arts & Temple merger talks have broken down after some lenders have called in loans UArts used to keep itself afloat. I give Temple credit for trying to do the right thing and try to find a win inside of a total mess.

[Bart]

Must have been based on his track record.

https://www.inquirer.com/news/pennsy...-20190426.html

As noted in the above post from 2021 when Hanna was name president of Commonwealth, this has been know for a long time. That article is no longer available, but the Lock Haven article is: https://www.lockhaven.com/news/local...-haven-campus/

Hanna, meanwhile, does not come to LHU without some controversy.

Four months into his job at Bloomsburg, he was accused of harassing an assistant. However, after investigating, PASSHE said it found that Hanna’s behavior was “clearly inappropriate,” but not “sexual in nature,” the Philadelphia Inquirer reported at the time.

At both Kutztown University and Delaware Valley University, officials approved confidential separation agreements that allowed Hanna to move onward and upward in his career, the paper reported.

The dispute on the 8,900-student campus, in Columbia County about 40 miles southwest of Wilkes-Barre, was brought to light last year by a whistle-blower lawsuit filed by the school’s former business school dean, Jeffrey Krug. Krug claims he was wrongfully fired after helping Hanna’s assistant file her complaint, which the school denies. Jeff Krug is suing Bloomsburg, alleging he was wrongfully fired after helping the president’s assistant report a sexual harassment complaint.

In an interview in 2019, Hanna, 52, has staunchly defended his record, saying he left Kutztown and Delaware Valley because of disputes over leadership style, not misconduct.

[Bart]

Time for Commonwealth University to find a new president.

Former Dean owed $1,008,549 in back pay since fired in 2018.
$775,589 in future pay going forward.
$1.5 million for pain, suffering, and embarrassment
$450,000 in punitive damages from Commonwealth President Hanna

[Bart]

Interesting article about University of Arts collapse.

https://www.phillymag.com/news/2024/...t-newtab-en-us

[IUPNation]

Is it safe to say that colleges got too diversified in it's degree offerings?

College should exclusively be a classroom/Apprenticeship experience these days.

When you graduate, you should already have some professional work experience under your belt.

[Fightingscot82]

It's bad all over> https://www.pressenterpriseonline.co...putting-it-off

Their provost came from SRU

[Bart]

It's bad all over> https://www.pressenterpriseonline.co...putting-it-off