Gradually, and Then All at Once

By Matt Reed. I miss a few days of blogging, and a college goes under. Honestly, I turn my back for one minute...
Sweet Briar College’s announcement that it will close this summer reminded me of Hemingway’s description of going broke: gradually, and then all at once. Although Sweet Briar still has an endowment that many small colleges would envy, and is still respected in the sector, its discount rates have reached levels that it has decided it simply can’t sustain. Read more...