Five Dayton-area colleges have struggled financially in the past decade and have been forced to make major cuts, but none suffered to the depths of Antioch College in Yellow Springs.
The historic liberal arts college was forced to shutter its doors in 2009 after years of enrollment decline and revenue shortfalls.
But, Antioch College reopened in 2011 with the help of alumni and community members who continue to support the school as it tries to build itself back up.
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“A lot of work was required and that’s largely a story that centers on the passion and belief of alumni of this institution,” President Tom Manley said.
A Dayton Daily News investigation this week examines area colleges and what is causing their financial struggles. Some experts said there are too many colleges and universities in Ohio and one higher education analyst suggested that more than 500 schools would close across the United States in the next decade.
