thisonelife83 t1_ixay3eg wrote on November 22, 2022 at 2:05 AM

Reply to comment by kworkbos in The college-age population is about to crash. It will change higher education forever (Article with a focus on PA). by Sovereign2142

Sometimes they (small colleges) are bought to raid the endowment funds. There was a WSJ article about this a few months ago. One college targeted specific criteria to purchase as a satellite campus. They found one in CA with a decent endowment and land worth $100M. They basically paid nothing for the college. Due to declining enrollment the college didn’t see a way forward.

kworkbos t1_ixczi6u wrote on November 22, 2022 at 2:52 PM

ugh, you're absolutely right. Boston University bought (edit: merged) a small college recently; I just looked them up and now B.U. is 'managing' the $46 million endowment that the former (Wheelock) had. Bastards!