Growing number of small colleges close amid financial woes
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- Опубликовано: 3 июн 2024
- Last week, the University of the Arts in Philadelphia announced it would permanently shut down on Friday. It marks the latest closure among smaller arts and liberal arts schools. CBS News reporter Zak Hudak examines why the closures are happening.
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0:15 If your college has 700 faculty members and only 1100 students, it's not going to last very long. That 700 figure probably doesn't include the administration or staff either.
I imagine the 700 figure included many adjunct professors. Obviously a school with only 1100 students is not going to have SEVEN HUNDRED full time faculty.
i believe that includes all staff
Professor’s earnings which exceed 6 figures is also a factor.
77 full time faculty members and 282 part time faculty members so the 700 figure represents mostly other staff.
nces.ed.gov/collegenavigator/?q=university+of+the+arts&s=all&id=215105#general
Getting paid a full time salary despite only having a few students is dumb. Almost impossible to fire a tenured professor.
Maybe part of the problem was having 700 faculty members and only 1100 students.
And probably 1200 administrators.
Why does a university have 1100 students and 700 faculty??? It's no wonder it costs so much!
I suspect that was an error in the report.
Because, the school kws these students don’t get a job so, they hire them also, they always think the Tex payers will fund their bs
Those are the overpriced private colleges that no one goes to. Just go to your public state school which is much cheaper.
Actually, the reason why UArts is closing is a potentially more illagal reason. Last year they effortlessly raised 63 million dollars, and if they had called on donors for fund raising im sure they could have gotten the money. They secretly held the information that the school was closing because of misfiling an accreditation report to the Mid Atlantic Region Commission of Higher Education. Didn’t help that 2 percent of the school endowment went toward playing the college president, which the previous one made 800k a year at one point. The board of trustees and president had made horrific decisions that ultimately killed the school. Also plenty of prime real estate on Broad Street and Rittenhouse Square almost completely unused. While yes the economy is also a complete disaster, there was a path for UArts to survive. I wish this video had better journalistic integrity.
- a UArts alum
This!!! The misinformation that is very clearly available is sickening.
This comment was WAY more interesting than the actual broadcast.
There is always a 2nd side to the story. And the truth usually lies in the middle. Thanks for the 2nd side.
Who would have thought it was MISMANAGEMENT OF FUNDING BY MISMANAGED MANAGEMENT 🤣 all those administrative people need to be JAILED
@@0hffs well put!
Can a college with 700+ employees really be called "small"?
Only small in the number of students. 1100 is dinky. They should have had tens of employees not hundreds.
If you're an artist, spend your youth saving money and creating art. You can learn whatever you need to learn online.
Yes, and build a portfolio. Something tangible is always going to prove more than a diploma. Creation > critique when it comes to arts.
I attended UArts as a kid, they had a Saturday school for young people. I attended Moore College of Art as a teenager and went on to get a minor degree in Art History (for which I took a lot of fine arts.) I can make decent art. Meanwhile I gave my daughter one solid art lesson when she was about ten, the rest she learned online, and now she paints like a Renaissance artist.
For real art school was always a goofy concept too me you're either born an artist or your not no school is gonna change that
@@alexandru5369just like being born a welder. No school needed.
@@patrickm6012 Um yeah totally not the same thing art is a talent your born with
Now stop the student loans and see what happens😂😂😂😂😂
Tuition would drop, enrollment would dramatically increase, labor shortages would be a thing of the past, schools would be competitive… best thing that could happen, get big government money and student debt out of the way…
Home and farm loans too
SallieMae sweating in the corner.
College is overrated.
Too Woke
"Paying tenure" to professors . . . what is that man talking about.
tenure track professors can't be fired, and have pretty much guarantee salary
UArts hasn’t Tenured professors in a long time
He misspoke and probably meant to say paying the salaries of tenured professors.
@@barrym2112yeah maybe true at other institutions but I think UArts had like 3 of those maybe?
The only purpose of colleges and universities now is sports entertainment.
And to enslave the young people with debt.
It’s hard to have an endowment from theater major alumni that work at Denny’s.
Students have wised up to not having massive debt. I wouldn’t spend $60,000 a year for the same education I can get at my local university for $15,000 a year.
Who the hell is going for liberal arts in this economy?
It’s a difficult situation. Colleges were founded on the basis of passing down worldly knowledge/intelligence and the humanities were the backbone. We have to balance career oriented majors, but at the same time working in the humanities somehow. Otherwise certain knowledge can be lost or become a rare skill leading to less advancement as a whole
Who needs reading, thinking, and writing nowadays anyways? Everything will be fine with AI---NOT!
It’s a market correction.
They're all too Woke and parents are NOT supporting their kids who want to go.
Complete nonsense it’s a make believe degree for high level grifters the non sense has to stop , this economy is headed toward a complete collapse
Don’t worry Mr liberal guy …thx to RUclips….everything will be here
1100 students with 700 faculty ??
People are not wasting money on arts useless degrees anymore. Young people see how they end up with a lot of debit and no skills.
I graduated with a ba in geography. The first thing I knew something wasn't right was when the professors told us we needed to take prerequisite courses because employers were complaining that students graduating from college didn't know anything. This is insulting to the high school teachers, along with those who just graduated from high school. As if they didn't have any books to read to learn things about the world back then. I knew this had to be a lie because I never heard of this problem outside of a university or college. Also why is it that no one ever asks what you learned outside whatever your major is. When I graduated nobody ever asked me what I learned from anything I took in my major or my prerequisite courses. When I started working for different companies in the office field, they taught me what I needed to know within a few hours or up to a week. I did not need what I learned in a university. I did not need it for the work I was doing. So I basically wasted four years. It was about twelve hundred to sixteen hundred a semester back then to attend a university when I went. It is likely about ten thousand right now. The professors are not smarter then you. Do not put them on some higher level as if they know more then you ever will. They are just as flawed as your average human. Had I invested in technology stocks back then rather then putting it in a university, I would have been far better off then I could ever imagine today. I was lucky to just pay my loans also, rather then relying on student loans. That is another subject that is never discussed in the news media in regard to why they won't pay us back, for those that did not rely on student loans. It was just as hard for us to pay immediately then those who paid on a student loan also.
A lot of degrees are worthless heck even certifications are almost worthless. I could just stay at my factory for 14 more years and be at 41 an hour or get a degree and stay at 80k a year or learn a trade with no debt for 80-100k. I’ll be upping my education but only because my factory has tuition reimbursement but no degree would make me a better operator only experience will make me better at my job and most jobs experience trumps education.
The end of for profit colleges
The benefit of a 4 year college degree has been oversold for 3 decades. And generous amounts of Student Loans added fuel to the fire. The market was slow to detect the problem, but it's working now.
Its called market correction
It’s called bad business practice.
There is substantive research on creative thinking and entrepreurship. A dynamic person could recreate UArts,deal with finial literacy needed and transform this gem of a school to new glory. When I worked there,the creative energy and expression was thrilling,from dance to music to illustration to ceramics to industrial design. So many possibilities.
That act sounds really exciting. I really worry about what we are losing by turning college into vocational training.
This is bigger than just "Liberal Arts" colleges and universities. Higher education is pricing itself out of existence. Tuition has risen at TWICE the level of inflation for years. Plus there is now a smaller pool of potential students to compete for. The smallest and weakest will fail first. Small colleges and universities have been permanently closing their doors for the last few years. Look for this to increase, and continue. I predicted this over a decade ago.
10k, 20k, 50k, 100k for art history isnt going to last long
Our culture is now going to be denied the artistry of future arm-flailing dance department graduates from this institution. What a loss!
🤣😅😆
Arm-flailing is a very important societal endeavor.
This is a bunch of bullocks. Who decided to let this guy speak on the arts. Any degree in the arts is a PROFESSIONAL degree. People major in the arts TO get a job. NO ONE is guaranteed a job when they graduate college.
The reality is that a degree in the arts is harder to find a job in than most other majors. Look at how many theatres, orchestras, etc shut their doors after 2008, and then after 2020. There are thousands of grads every year from good universities with arts degrees competing for maybe hundreds of jobs.
Also university of the arts is in a tough location. Why would anyone go there for performance when there are better schools within a 30-45 min drive (Curtis, Temple, Juilliard, NYU).
I graduated with a master of music in 2010. I would never recommend that young people go into music or theatre performance unless they can get into one of the best programs in the nation with a big scholarship, or they come from a wealthy family who can support them in their early career while they’re teaching Twinkle to 6 year olds who don’t want to learn, and playing Pachelbel Canon at a wedding, making around $500/week.
If you ain’t working, you ain’t a professional - don’t care what your degree is in
Arts degrees are useless. Gov should issue a warning to all students who are taking on debt to study art in colleges.
University of the Arts 🤐🤐🤐. Great job opportunities afterwards..choose flipping burgers, barista or work in a bookstore.
Closing down some colleges is not a bad thing. Our society is over-saturated with college-educated professionals. Need more tradesmen and retail workers. But we also need to start laying down legwork for making retail viable careers.
1100 students and700 staff wonder why they are closing
Pay attention to how he’s placing emphasis on how their portfolio is set up and understand that school is a business..
Yes, a democratic society needs art and people to study and make art. But it first needs to make education AFFORDABLE, i.e. we need to democratize education. After all, what does it matter if these kids can't go to school to study art or biology or whatever--if they can't afford to go there in the first place? In fact, this is the reason many students feel compelled to go into more 'practical' pursuits like business or accounting--because they're gonna have to pay off huge loans.
Art is overrated as a university major. Real artists don’t need to go to college or pay thousands.
1:48 "Even English and History...ain't what they used to be." Yes, excellent analysis.
When you treat college as a business and not as a human right and expect people to spend thousands of dollars when there’s no guaranteed of a job, that’s what you get
It's the ROI.
Savagely true. Unless and until these schools are more reasonably funded by somebody-or consistently enroll a minimum of students each year, not opening the enrollment up to everyone who can pay the bill, and cut back the unfortunate grip on academic departments by administrators, small colleges will be closing prematurely, and throwing their students loose.
Thus only the rich and powerful can think, while the rest of us do. When those in positions of power think for everyone else, our democratic society won't last much longer.
America is an oligarchy.
Very sad.
The watering down of humanities and literature away from the classical philosophical basis for a critical thinking based education has created false expectations among the prospective students. This shift towards emotive foundations that are intertwined with many modern educational institutions leave students unprepared to effectively engage in a modern society and workforce. These institutions accepted modern feel good ideas which don’t increase a persons ability to think critically, thus diminishing their ability to logically understand the problems that face contemporary society and therefore leaves many unprepared to address the challenges the world faces.
Sad but a college education is becoming obsolete in many occupations. Too many fluff classes in art and humanities extend the length of a college degree and the price of the degree unnecessarily.
Welcome to the real world, kids. I hear Starbucks is hiring.
Daycare's are expensive!
Come on…..you got “ivy” league schools with huge endowments that need a spanking anyway. Why can’t these schools have a slice of endowment?
Because their graduates didn't end up billionaires who can afford to endow anything?
Good riddance to 700 Faculty for 1100 students. That's like 700 construction managers for 1100 labourers
lmfao imagine complaining about how people want jobs after going to college?
Critically think about going broke feed your own soul i rather feed my stomach
Oh my god??!?!?
GOOD!
0:47 that's what she said.
I heard some community colleges will close sometime in the next few years and some public schools as well, government funding is drying up. I see a not too far future with no public schools, only private and homeschooling. Now, 2024, almost 70% of Americans make less than $70,000 a year, that does not buy what it did just 2 years ago. 1 child from beginning of pregnancy to college right now cost $1,000,000 to raise.
Proves my point I have been saying for years...ALL COLLEGES ARE FOR PROFIT!
What a shame. Indoctrination centers are closing. 😢
Don't see how when tuition is the highest it's ever been....
700 faculty members with ONLY 1100 students?
Who would've guessed it wasn't financially viable
Liberal arts education was already under siege the past decade. 2020-2021 it was practically worthless with the covid restrictions. It’s a liability for people looking to do STEM/medicine/law. It’s just not great
like any business if the product they were providing was worth the investment they would still be open.
Small schools need to consolidate and streamline and learn how to leverage technology of MOC-giant online courses which small schools can utilize. No more “for everyone a major.”
Long overdue.
Go woke go broke
I can’t imagine all those sexuality/gender studies degrees not paying off
Demographic problem.
Arts degrees are useless. Gov should issue a warning to all students who are taking on debt to study art in colleges. STEM is need of the nation.
What’s the 🇺🇸 #1 asset? Student loan debt 💸… you will have nothing & be happy 🎉
Good
700 faculty members for 1,100 students in a liberal arts school! The school should’ve closed sooner! What a joke colleges are now. Used to be 30-40 students taught by one professor!
This is a crisis of will in this country. This is why most developed nations subsidize or have free to the student higher education. Powerful interests want our kids to remain dumb cheap labor.
Art is important I. Society, but an ART DEGREE is NOT REQUIRED to create art
I'll be honest, they don't really teach anything. Most of the time the professors don't even really work there. You know it's like a temp professor. Lol. Then they go to multiple classes. Then the classes have like 50 students..... Then there's no time to teach tf. It's kind of a waste of money.
Colleges and universities were a waste of time and money, just learn at a job 🎉😂😂😂
The instructor-centric academic model is old, obsolete, and not sustainable. People are opting for alternatives that entirely circumvent traditional academia.
What this reporting misses is that even with non-liberal arts degrees you still think critically. Engineers, plumbers, business people, etc need to think critically all the time so they can achieve goals of a project or company. It’s probably a different kind of critical thinking than what liberal arts colleges are used to. But loss of these colleges won’t doom our country to a thoughtless population
We’ve been taking the humanities and social sciences for granted for quite some time now. Yes, there’s critical thinking in fields like science and engineering that can be applied to the physical world and logic-based systems, but they aren’t taught how to understand or engage with the irrational. Society’s biggest problems now are not technical problems, they are social problems. That became clear to a lot of people after 9/11 and it’s even more true today.
Defund federal loan programs
whoever these days still gets a music, history liberal arts etc degree is lol
All that lost knowledge 💁🏻♀️
The advice that he gives is terrible and is by no means a universal playbook to success for small colleges. "Hide" your students studying history and English?? How embarrassing! We're actually teaching our students something of value. Lots of people are able to major in english, philosophy, and history and go on to have success in the job market or in graduate school. "Paying tenure"? Clearly this guy has lost the plot.
Wow it’s an epidemic at this point
Free thinkers don't have to pay someone else's living to be able to think. They do it all by themselves...for free.
Get work gloves no more easy street
Actually this is a win-win for everyone. Students need to fully consider pursuing a major that will actually provide employment and a living wage going forward. Society doesn't need graduates with degrees that don't contribute anything to the masses.
It's not about you.
@@ITSLIKEARIVER2000 Unclear on the response. Closing schools for failing to provide graduates with skills societies needs and wants is actually a good thing, Certainly open to other perspectives. please elaborate
Being able to speak and write intelligently is overrated.
Good job on CBS covering this and asking relevant questions. But no surprise this is happening. Market conditions should help explain why this is happening. Colleges, let alone art colleges, are experiencing low admissions/enrollment because costs are high and job prospects low. Not to mention, quality of this overpriced education is put to shame by online resources like youtube, udemy, etc. which is why taxpayers should be vigilant over the next decade or more about colleges lowering admission standards to enroll anyone they can and also on the government for pushing out student loans on all those incoming students that'll probably be forgiven putting the burden on taxpayers as always. The root of the problem should be addressed and thats jobs. The elephant in the room for society is, are there sufficient number of high paying jobs for everyone? Lol, media loves to cover stock market like dow and nasdaq like its anything meaningful to economy but they should instead, track meangingul, essential, high paying, low turnover jobs indexes.
They are all going to close....
That guy is out of his mind. No one ever thought of higher Ed as a place you go just for intellectual stimulation. It's only ever been seen as a career decision, even going back to my parent's time. This guy's argument is literally "if 18 year olds aren't going five or six figures into debt, where will they learn to think critically?"
College in my view is indeed needed for work and job training unless you are lucky. Art is not needed for the average person of regular means. It doesn't put food on the table. Working in a STEM field, or other profession for higher salary work is what college is now. Job training you pay for and go into debt for yourself.
That’s the reality for the individual but it’s going to come at a great cost to society.
Wow thts crazy they r closing! So sad I mean I get college isn’t for everyone these days but man… tht sucks. Alumni should be helping!!!
Moving back to mommy's
dont expect to be getting paid a decent pay. no worthless student loan forgiveness, have to way your there way on up. time is not on there side. ai does just everything.
It is actually very sad that economics are making it impossible for people to pursue arts and liberal arts education and those schools are closing. Many great schools are going to disappear because they don't train people for jobs. Our whole intellectual culture is going kaput.
I hope Zak isnt just another pretty face newsreader. Maybe this will help. Try researching some demographics: for the next 15 years fewer and fewer kids will be turning 16 (births peaked in 2008 and have been dropping ever since.) A whole LOT of education at all levels is gonna be shutting down. What are we gonna have a lot of instead? 50 year olds. Baby bust hit its low point in 1973. More and more people will turn 50 every year for the next 30 years.
lower your tuition prices..problem solved
okay but does truth and artistic expression pay the bills for you average person?
Who wants school
one of the first things Trump did when he became President was cut funding for
Arts, public radio, food stamps, and putting a pipe line right through sacred Native American
land... I really despise him for that....
You'll get over it Karen.
That’s half way true food stamps was cut the most this past year by Biden. No one president will do everything for you
if the native american land is so sacred, why don't they clean up their garbage off it?
University of the arts is most popular amongst people that know the art of shoveling fries at McDonald’s! 😂
Is that guy a bot….his delivery is just stilted
Bidenomics in full effect…. Zach is really awkward or trying too hard
Fake jobs
Scams!
Can’t make enough money on gender studies?
This school didn’t offer gender studies, but I understand you have your agenda to promote. Most graduates coming out of this school make about the same hourly wage as a CFI, though.
@@scrat8177 you understand my point. Useless degrees have been peddled to our kids for years. Get a real degree or go to trade school. HVAC is an awesome field I hear.
“ Feed the Soul “ excuse me but the souls feeds us. Art feeds the feelings and also the ego.
lol good 😂😂😂😂