How was Hodges University allowed to stay open this long?
This Week in College Viability by Gary Stocker
Episode notes
Hodges University announced their closure Friday evening, August 25th.Who is responsible for letting these colleges stay open?To the data: (From the College Viability App and IPEDS data 2014-2021)1. FTE enrollment down more than 1,000 students (-73%)2. 4 and 6-year graduation rates averaged about 10% and 15%, respectively. These are the lowest I have seen for closing colleges.3. Hodges 2021 endowment was less than $3M.4. Total assets were down almost $14M (-17%)5. In the past few years, they weren't even posting all of their IPEDS data to the National Center for Education Statistics5. Their 2022 audited financial statement showed P&L losses of amost $5M over the past two years.Is anybody home at ...
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hodges universitycollege closures