Back From the Brink, Hampshire College Is Nearing Financial Viability

Just five years ago, Hampshire College (MA) seemed destined for a very different fate. The 54-year-old private liberal arts college in western Massachusetts teetered on the brink of closure due to financial constraints. It even opted not to admit a full incoming class of students — seemingly bound to close its doors just like many other small private nonprofits in recent years. But since the 2019 financial crisis, the college’s leadership has led Hampshire on a path toward financial viability.