Bloomberg - At Albright College, the new president is cutting programs, selling art and real estate, and vowing not to hire anyone with tenure. Is this the way forward for liberal arts colleges?
- A phenomenon known as the “enrollment cliff” has left colleges across the country facing significant under-enrollment and financial shortfalls.
- The “enrollment cliff” refers to the expected drop in US college-aged students beginning around 2025–2026, caused largely by the decline in birth rates following the 2008 global financial crisis.
- Albright, in Pennsylvania, is trying to lead the way in reinvention with a plan including replacing philosophy with cybersecurity and tenured faculty with “instructors.”
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