Adina Genn reported for the Long Island Business News today that Dowling College will close on June 3rd. Dowling was founded in 1968 and the campus was centered on a former Vanderbilt estate.
Using a model publicized on The Sustainable University website, Dowling's financial situation was unsustainable and deteriorated in recent years. Following calculation of ratios, two stars are placed on the chart. The one in cell A2 reflects changes in Dowling's expense and equity ratios for the five year period from FY2004 through FY2008. The star in the A3 in the upper right hand corner reflects changes in ratios from FY2011 through FY2015.
Data for the following table were pulled from the Integrated Postsecondary Education Data System (IPEDS) and certainly show the difficult situation that led to the decision to close. Expenses did not decline as rapidly as either enrollment or revenues over the period from FY2011 through FY2015.
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