Concordia U - Portland Closing

Started by smedindy, February 10, 2020, 04:29:53 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

smedindy

Not D3, but D2 and formerly NAIA. It definitely will affect the NWC and others!

https://www.cu-portland.edu/closure

Bishopleftiesdad


Ron Boerger

From brief perusals it looks like they tried to make a major move into online programs through a partnership with something called HotChalk, the Dept. of Education went after it and there was a $1 million settlement a few years ago, then they went on a spending binge on facilities (including "a new, 34-unit apartment building for graduate and married students in the hip Alberta Arts District" and providing land and $15.5 million to refurbish a Portland public school), all while having a very small (unpublished) endowment.  Looks like the school is sadly a victim of poor planning and lack of (or too many competing) vision(s). 

Ron Boerger

And from Oregonlive.com

QuoteThe surviving colleges are eyeing Concordia's 5,000 students hungrily. By Monday afternoon, George Fox University had put together a package of incentives for Concordia students who transfer to the Newberg school, including a $5,000 grant and waived application fees.

A $5K discount is pretty insignificant in the world of private colleges, so it's smart to go after these students.


Dave 'd-mac' McHugh

Quote from: Ron Boerger on February 11, 2020, 11:21:31 AM
From brief perusals it looks like they tried to make a major move into online programs through a partnership with something called HotChalk, the Dept. of Education went after it and there was a $1 million settlement a few years ago, then they went on a spending binge on facilities (including "a new, 34-unit apartment building for graduate and married students in the hip Alberta Arts District" and providing land and $15.5 million to refurbish a Portland public school), all while having a very small (unpublished) endowment.  Looks like the school is sadly a victim of poor planning and lack of (or too many competing) vision(s).

Top be fair, they also lost something like $30m in revenue in a very short period of time. It wasn't just about spending, but also what they were bringing in ... it dropped in a major way.

That said, from what I am reading and understanding .. it doesn't seem like they have made any efforts to stop the bleeding ... like getting rid of a law school that wasn't even accredited until last year (after being open for a number of years). There were ways I am sure they could have found that revenue drop and stopped it in it's tracks first. Seemed they didn't want to.
Host of Hoopsville. USBWA Executive Board member. Broadcast Director for D3sports.com. Broadcaster for NCAA.com & several colleges. PA Announcer for Gophers & Brigade. Follow me on Twitter: @davemchugh or @d3hoopsville.