Trouble at the College of St. Rose

Here’s a Chronicle article:

College of St. Rose Plans At Least a Dozen Layoffs

And here’s the official message:

Saint Rose Trustees Announce Changes in Academic Programs to Boost Enrollment and Reduce Deficit

People may remember that Carolyn Stefanco was a finalist for the Guilford presidency.

The College of St. Rose is about three times the size of Guilford in terms of enrollment, with a number of graduate programs. Its endowment is far smaller at $37 million. The press release claims over a $9 million operating deficit on a budget that looks like about $117 million, while this year Guilford is working to close a much smaller deficit on a smaller budget. Their faculty salaries are higher than Guilford’s but not by much – about $3000-$6000 or 8-15% depending on faculty rank.

One Comment

  1. Some additional context…one of the observations made in the official release by St. Rose was that 75% of students were enrolled in 25% of its academic programs. In comparison at Guilford in Fall 2015, our largest 25% of programs only contain about 54% of our student majors.