Levicoff's Alma Mater for Sale

Discussion in 'General Distance Learning Discussions' started by John Bear, Feb 2, 2001.

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  1. John Bear

    John Bear Senior Member

    This week, Norwich University, the "parent company" of Vermont College (source of Steve's MA and thousands of other good ones) put the college up for sale. Norwich cited different missions and cultures of the two institutions.

    The asking price, including 63 acres of land, is $20 million, and if they don't sell it, they said they'll probably close it down.

    They hope to find either a proprietary school or a group of wealthy alumni to acquire it. How about it, Steve?

    (I remember it seeming odd, nearly thirty years ago, when the private military university (Norwich) aquired the then junior college for women, for $0 plus assumption of their debts. But it seems to have worked well, if a bit uncomfortably, for a long time.)

    John Bear
     
  2. Bruce

    Bruce Moderator Staff Member

    Perhaps University of Phoenix could buy Vermont College, they seem to be opening campuses everywhere else.
     
  3. tcnixon

    tcnixon Active Member

    Out here in CA, if it's not UOP opening a new school, it's National University. They have just moved to a larger facility where I live because they've been so successful.


    Tom Nixon
     
  4. Chip

    Chip Administrator

    Does this mean it's $20M for the *school programs* (tuition revenues, faculty, Vermont College name, etc) or just for the real property? At that price, it sounds like a steal if it's for the whole shebang.

    Another interesting question: I'm of the impression that degrees earned at Vermont are issued by Norwich, implying that regional accreditation belongs to Norwich, not to Vermont. If they sell it, would it be eligible to keep accreditation (presumably pending review), or would the new owner have to start anew?
     
  5. Pete

    Pete New Member

    Case in point: the former Regents College. Prior to privatization, the degrees were granted by USNY, not by Regents <i>per se</i>. According to a Regents College official, after the split, there was no accreditation review process --- it was seemless.

    This is analogous to Vermont College. If they're doing the brunt of the work, but just not conferring the degree, then hopefully accreditation won't be an issue.

    Pete
     

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