In the last 7 years, 104 colleges and universities in the U.S. have closed, merged, or have announced plans to. The majority have been due to financial issues and/or mismanagement of funds. Of that 104, only 1 was an HBCU (Concordia College/Selma, AL). Stop acting like HBCUs are the ones that are bad with money. In fact, it’s a testament to how well they operate with them being chronically underfunded.
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Why more and more colleges are closing down across the U.S.
The mid-2010's saw an uptick in U.S. college closures, particularly among private nonprofit schools, and experts say this may be only the beginning.
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