Listworthy: Are California’s Schools on Shaky Financial Ground?

For those of you who just can’t go without a list of some sort, this one is brought to you by our associates at The Hechinger Report and Edmit.com (you saw both of them mentioned in an earlier article). This list is highlighting the depth and breadth (or lack thereof) of the financial problems in California college system today. While many U.S. schools have been hit by a triple-whammy of sorts (budget shortfalls, decreasing revenue and increase in costs during COVID, and future anticipated drops in enrollment for several different reasons), the Golden State appears to be in reasonably good shape overall, but has a handful of schools on the ‘high risk’ or ‘very high risk’ lists.

Not surprisingly, the most pressure will be on those schools not as well-known, smaller, and private; those that receive no funding from the tax base or much outside of their community.

Schools considered ‘Very High Risk’ for financial trouble in the state of California:

Holy Names University (Oakland, CA) John F. Kennedy University (Pleasant Hill, CA) Marymount California University (Rancho Palos Verdes, CA) Notre Dame de Namur University (Belmont, CA) Pacific Union College (Anguin, CA) San Diego Christian College (San Diego, CA) Simpson University (Redding, CA) Woodbury University (Burbank, CA)

Schools considered ‘High Risk’ for financial trouble in the state of California:

Hope International University (Fullerton, CA) Whitter College (Whittier, CA) Lincoln University (Oakland, CA)