The loans that students had taken out to pay the college weren’t forgiven, “which was infuriating. I had already put so much money into my education, and my family didn’t have that money. How am I going to apply this to my future if it doesn’t exist?”
This and other questions are on the minds of more and more students this spring as the pace of college closings dramatically speeds up.
About one university or college per week so far this year, on average, has announced that it will close or merge. That’s up from
a little more than two a month last year, according to the State Higher Education Executive Officers Association, or SHEEO.
So many colleges are folding that some students who moved from one to another have now found that their new school will also close, often with little or no warning. Some of the students at Newbury, when it closed in 2019, had moved there from nearby Mount Ida College, for example, which shut down the year before.