What Does the Future Hold for Northeast Ohio's Small Private Colleges and Universities?

In July 2023, newly appointed Lake Erie College President Jennifer Schuller was facing a $5 million deficit, which is quite a lot for a small private college like hers. She said the deficit caused worries about the college's future. Located on a small but picturesque campus in Painesville, with about 1,000 students, the college has operated since 1856, when it got its start as a women-only seminary. It moved to a coeducational model for men and women in 1985.