At a great deal of small colleges, there is financial concern, as many of these small schools are enrollment driven, with relatively small endowments. As such, many schools use athletics as a key component to driving enrollment. This is nothing new or novel, but the reality is that there are financial concerns with many of the schools competing at the small college level.
In recent times, Lambuth University (TN) closed their doors. Around that time, Dana College (NE) announced that it was closing. Shortly thereafter, Mountain State University closed down. More recently, Southern Poly (GA) announced it was merging with Kennesaw State and was therefore dropping athletics. Northwood (TX) announced that it is phasing out athletics, and BYU-Hawaii announced their three-year plan to phase out athletics. Victory University (TN) announced a few months ago that would close its doors for good. In May, Mid-Continent University (KY) announced that the school would be closing.
While mainstream media is writing and talking about the money that flows into major universities through athletics, they often forget the majority of schools that are competing at the small college level….and that are driven by tuition revenue. Clearly, many of these schools are struggling…..and many more are working hard to stay afloat.