Hodges College, a small non-public nonprofit faculty in Florida, introduced late Friday that it will cease enrolling college students and shut by the tip of this educational yr.
In a news release and a message to students on its house web page, Hodges officers stated that “as a consequence of monetary challenges and declining enrollment numbers, we will now not present the standard academic applications that now we have offered over the previous 33 years.”
The school in Fort Myers, Fla., which was based in 1990 as Worldwide Faculty however renamed after a non-public reward in 2007, had 443 students enrolled in 2022, in keeping with the Training Division’s Nationwide Heart for Training Statistics. It provided credentials starting from certificates to grasp’s levels.
Consultants and others who work with schools on their funds have been predicting that quite a few small schools might announce closures late this summer season and early within the fall as fall 2023 enrollment information are available.
The mix of suppressed enrollments, the expiration of federal restoration {dollars} that buttressed institutional budgets throughout the pandemic, and better prices as a consequence of inflation could also be an excessive amount of for establishments on the sting, they’ve warned.
