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Hodges College, a small non-public nonprofit faculty in Florida, introduced late Friday that it will cease enrolling college students and shut by the top of this educational yr.
In a information launch and a message to college students on its residence web page, Hodges officers mentioned that “on account of monetary challenges and declining enrollment numbers, we are able to now not present the standard instructional packages that now we have offered over the previous 33 years.”
The faculty in Fort Myers, Fla., which was based in 1990 as Worldwide Faculty however renamed after a non-public present in 2007, had 443 college students enrolled in 2022, in line 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 faculties on their funds have been predicting that quite a few small faculties might announce closures late this summer time 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 on account of inflation could also be an excessive amount of for establishments on the sting, they’ve warned.
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