The short story is that higher education is changing, and Gordon must adapt accordingly. The total number of college-age students in the U.S. is declining, and the standard four-year, residential model is becoming more expensive and less practical for students and families. Gordon is taking strategic steps to meet new market realities out of financial prudence and not out of financial distress. (In other words, we’re choosing to be proactive now rather than waiting to be reactive later, when financial pressures would be stronger.)
What is happening at colleges and universities in the U.S? If you were to distill the challenges facing private higher education around the country into four key stats, they would be these:
This is why Gordon is proactively adjusting our academic program now and will be introducing a number of options over the next year—to make a Gordon education more affordable and more adaptable for a greater number of students, saving them time or money or both. The one area where cuts were never considered was financial aid. Indeed, in the fall of 2019 we will provide nearly $30 million in College-funded financial aid. Throughout this process, we have been guided by a commitment to being as generous with our students as possible.
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