Want to buy your own college?

[Just Jack]

One near me just became available...

 

Cazenovia - Agrep-Sales.com

Quote

 

College Campus | Cazenovia, NY

Two campuses
State of the art equestrian center
500,000 SF of buildings
271 total acres

 

 

[Doc]

Iona college.

[Draconator]

Future TBD headquarters complete with guest quarters. Buffalo Sports Fan sleeps in the horse barn.  

[US Egg]

With college enrollments dropping at unprecedented rates and free tuition for more than ever to attend, it might become a trend.

[Just Jack]

13 minutes ago, I am the egg man said:

With college enrollments dropping at unprecedented rates and free tuition for more than ever to attend, it might become a trend.

 

That's exactly why they are closing.

 

Cazenovia College to permanently close after spring semester (localsyr.com)

[US Egg]

6 minutes ago, Just Jack said:

 

That's exactly why they are closing.

 

Cazenovia College to permanently close after spring semester (localsyr.com)

Future SUNY school?

[Buffalo716]

I’m down!! Let’s get 300 TBD members to be board of trustees

[Just Jack]

17 minutes ago, I am the egg man said:

Future SUNY school?

 

I don't think SUNY has showed any interest, which is why it went on the market.  

[US Egg]

11 minutes ago, Just Jack said:

 

I don't think SUNY has showed any interest, which is why it went on the market.  

SUNY can afford to be patient. They have the hammer, but time will tell.

[Mike in Horseheads]

1 hour ago, I am the egg man said:

Future SUNY school?

Cortland and Morrisville  are pry too close

[Just Jack]

6 hours ago, Mike in Horseheads said:

Cortland and Morrisville  are pry too close

There is also Oswego, Onondaga Community College, and Cayuga Community College in the area.  

Edited April 12, 2023 by Just Jack

[PastaJoe]

My friend’s son is a freshman there. He was recruited to play baseball. Then the head coach that recruited him jumped ship early before the season started. Next year he’ll be going to SUNY Oneonta which is 2 hours southeast of Syracuse.

[That's No Moon]

14 hours ago, I am the egg man said:

With college enrollments dropping at unprecedented rates and free tuition for more than ever to attend, it might become a trend.

Who is getting free tuition more than ever?

[SirAndrew]

6 hours ago, That's No Moon said:

Who is getting free tuition more than ever?

Students from households with less than 125K annual income qualify for free SUNY school tuition. I’m sure that’s what he’s referring to. However, I don’t see schools closing in mass numbers. Cazanovia had nothing for an endowment, a peak enrollment of 1,000, and lacked legacy students who attend based on family history. They just didn’t have the donors to keep them afloat. Smaller colleges who lack funds have closed throughout the years, and I think Caz’s days were limited, regardless of current trends. 

Edited April 13, 2023 by SirAndrew

[aristocrat]

21 hours ago, Just Jack said:

 

That's exactly why they are closing.

 

Cazenovia College to permanently close after spring semester (localsyr.com)

they took out a 10 million dollar loan a few years back to improvements and then Covid hit and they couldn’t recover or refi the loan. It was like the perfect storm. Morrisville should try and take over the loan. Especially with that equestrian center. 

[That's No Moon]

1 hour ago, SirAndrew said:

Students from households with less than 125K annual income qualify for free SUNY school tuition. I’m sure that’s what he’s referring to. However, I don’t see schools closing in mass numbers. Cazanovia had nothing for an endowment, a peak enrollment of 1,000, and lacked legacy students who attend based on family history. They just didn’t have the donors to keep them afloat. Smaller colleges who lack funds have closed throughout the years, and I think Caz’s days were limited, regardless of current trends. 

What SUNY does has nothing to do with Cazenovia. SUNY enrollments aren't growing either so it's not like they are stealing students. Tons of little colleges with small endowments are having financial issues.

[SirAndrew]

1 hour ago, That's No Moon said:

What SUNY does has nothing to do with Cazenovia. SUNY enrollments aren't growing either so it's not like they are stealing students. Tons of little colleges with small endowments are having financial issues.

I agree, but I think he’s saying that recruiting students to costly private schools might be increasingly difficult with free SUNY tuition is awaiting. I understand the point to an extent, especially when the private school isn’t in the elite category. Cazenovia was probably a great school, and I feel bad for everyone involved, but let’s be realistic. It’s in the middle of nowhere, and isn’t well known. It wasn’t attracting the elite crowd, or the party crowd.
 

Dwindling enrollment plays a part, but the private schools that succeed are ones who can attract big money, and there’s plenty of them left, even with declining enrollment. You’re absolutely correct about schools with small endowments, but an over saturated market is also finally catching up to them. Enrollment is declining across the board, but I’m not convinced the need was ever there for the large  number of schools that exist. 

Edited April 13, 2023 by SirAndrew

[US Egg]

8 hours ago, That's No Moon said:

Who is getting free tuition more than ever?

No one, just my imagination.

[stuvian]

Tailgate U

 

How much are they asking?

[boyst]

When I grow up I'm going to bovine university.