It was in interesting verbal dance that Iowa Wesleyan leaders undertook to explain their decision to close in May 2023. The cited the typical issues with shifting enrollment trends, declining fundraising and other associate 'headwinds'. While they didn't note their 8-year trend of decreasing tuition and fee revenue or their miserable graduation rates, they did choose to castigate Iowa Governor Kim Reynolds.In spite of the fact that Reynolds had an independent assessment of IWU's finances and their report suggested the $12M ask would not fix their systemic financial issues.We explore the details in this podcast.