More colleges are struggling financiallyLincoln College in Lincoln, Illinois, closed at the end of the spring semester.”Lincoln College has been serving students from across the globe for more than 157 years,” President David Gerlach said. “The loss of history, careers and a community of students and alumni is immense.”The San Francisco Art Institute closed after 150 years. Marymount California University in Rancho Palos Verdes and Becker College in Worcester, Massachusetts, also recently shut their doors. As have other institutions across the country.New Jersey City UniversityPhoto Courtesy: Stepanstas | Wikipedia CCThe number of colleges closing down in the past 10 years has quadrupled compared with the previous decade, according to a report in The Wall Street Journal.Heading into the 2022-2023 academic year, New Jersey City University declared a financial emergency.”A national trend of declining enrollment for college-aged students has resulted in a long-term erosion in the university’s ability to operate,” said Joseph Scott, chair of the Jersey City, New Jersey, school’s board of trustees, in a statement.Funding cuts have created a ‘crunch’ for smaller schoolsAt the same time, deep cuts in state funding for higher education h …
