This article by Bob Audette originally appeared March 21 in the Brattleboro Reformer.
BRATTLEBORO — Marlboro College expects an operating deficit this year of $3 million to $4 million, according to college President Kevin Quigley.
But Quigley, who has been president of the college since 2015, said the shortfall was expected.
“This shouldn’t be a surprise. I have been quite candid with our community about this structural deficit ,” he said.
Since 2005, when undergraduate enrollment peaked at 356, said Quigley, it has fallen to approximately 170 this year.
Marlboro College is not unique in this quandary, said Quigley.
“We are living in really turbulent times,” he said. “There are challenges across the United States affecting higher education, especially small liberal arts colleges like ours.”
While Marlboro College’s enrollment is down, said Quigley, it has a very strong endowment per capita that is healthy and has been covering the college’s deficits. “Our endowment has performed remarkably well historically.”
Read full story at the Brattleboro Reformer.
(Fair use with written permission from the New England Newspapers Inc.)