Current:Home > FinanceVermont’s Goddard College to close after years of declining enrollment and financial struggles -Core Financial Strategies
Vermont’s Goddard College to close after years of declining enrollment and financial struggles
View
Date:2025-04-17 15:58:31
PLAINFIELD, Vt. (AP) — Vermont’s Goddard College, a small school known for its progressive education, is closing after years of declining enrollment and financial struggles, the board of trustees announced.
The decision to close at the end of the semester was heart-wrenching but unavoidable as the school, created in 1938, faces financial insolvency, the board said in a statement Tuesday.
Goddard currently has 220 students, compared with more than 1,900 in the early 1970s, the board said.
“The closure of Goddard College is a significant loss for students in search of an alternative, progressive higher education,” board chair Mark Jones said in a statement. “The decision to close Goddard College was not made easily or quickly. With declining enrollment and financial insolvency looming, the Board was left with no other option. Our hearts are broken.”
Boards and administrations have tried for decades to find ways to keep Goddard sustainable, but it couldn’t beat the inflationary pressures, demographic changes and shifts in educational preferences that it and other colleges have faced, the board said. Schools have grappled with a shift toward more career-oriented training and a decline in the number of college-age students.
Among Goddard alumni are actor William H. Macy, playwright David Mamet, jailed activist and cause celebre Mumia Abu-Jamal, and some members of the rock band Phish.
Goddard students will have the chance to continue their education at the same tuition rate through Prescott College in Arizona, the board said. Other partner institutions may be announced in the near future. A scholarship fund will be created to help the students transition, Goddard officials said.
veryGood! (7)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- What role will Zach Ertz play for the Lions? Highlights, stats of TE's 11-year career
- DeSantis Called for “Energy Dominance” During White House Run. His Plan Still is Relevant to Floridians, Who Face Intensifying Climate Impacts
- Browns general manager Andrew Berry 'would have no problem having' Joe Flacco back
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Trump trial in E. Jean Carroll defamation case delayed because of sick juror
- Cyprus police vow tougher screening of soccer fans in a renewed effort to clamp down on violence
- Proof Kylie Jenner Is Bonding With Kourtney Kardashian's Stepdaughter Atiana De La Hoya
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Russia clashes with US and Ukraine supporters, ruling out any peace plan backed by Kyiv and the West
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Jacksonville Jaguars hire former Falcons coach Ryan Nielsen as defensive coordinator
- Jason Kelce takes focus off Taylor Swift during first public appearance together
- Jason Kelce's Daughter Has Hilarious Reaction to His Shirtless NFL Moment
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Can Mississippi permanently strip felons of voting rights? 19 federal judges will hear the case
- Rhode Island transportation officials say key bridge may need to be completely demolished
- Tribes, environmental groups ask US court to block $10B energy transmission project in Arizona
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Kourtney Kardashian Shares Penelope Disick's Sweet Gesture to Baby Rocky
Pennsylvania woman plans to use insanity defense in slaying, dismemberment of parents
Dexter Scott King, younger son of Martin Luther King Jr., dies at 62
Current, future North Carolina governor’s challenge of power
Mexican popstar Gloria Trevi reflects on career, prison time, new tour: 'It wasn't easy'
Bear rescued from bombed-out Ukrainian zoo gets new home in Scotland
The Best Fitness Watches & Trackers for Every Kind of Activity