The slowdown in the economy is affecting the Adirondack Park’s two colleges in different ways.
At least twenty students have left Paul Smith’s College this year for financial reasons, president John Mills told The New York Times this week. “Their parents are losing their jobs, or they’re afraid of taking on any debt, even student loans,” Mills said to the Times. “It’s a fear of the unknown.”
Enrollment at the private two- and four-year college is 834 right now, low for a spring semester, college spokesman Kenneth Aaron explained Wednesday. Faculty and staff have taken a voluntary pay cut (from 1 to 2.5 percent) to help make ends meet, he added.
The story is different at North Country Community College (NCCC), which has campuses in Saranac Lake, Ticonderoga and Malone. While hard times are hurting four-year colleges across the United States, they are boosting enrollment at career-oriented community colleges.
NCCC numbers are up 8 percent (103 students) over last spring, reported Ed Trathen, vice president for enrollment and student services. Some 2,200 students attend NCCC, more than double the number 10 years ago.
“For us, it definitely has to do with people departing voluntarily or involuntarily from the workforce and looking to retrain themselves,” Trathen said. The college focuses on programs that can lead to local jobs; for example, nursing, radiologic technology, massage therapy, sports events management, and business for sole proprietors. NCCC also established a 2-year pre-teaching program that’s transferrable to SUNY Potsdam and Plattsburgh.
Affordability is another factor. Tuition at NCCC, which has no student housing, is $3,490 a year. At Paul Smith’s it’s $18,460, plus $8,350 for room and board.
Nurses are in demand, and NCCC received 350 applications this year for the 70 slots in its Registered Nursing program, Trathen said. In 2007 Paul Smith’s College explored launching a nursing curriculum, but no action has been taken.
Kenneth Aaron said Paul Smith’s endowment is down, just like all investment portfolios. “The silver lining is we’re not as reliant on our endowment as other institutions,” he added.
Paul Smith’s is under a hiring freeze, and NCCC is bracing for a reduction in state aid (some funding also comes from Essex and Franklin Counties). Both institutions are trying to cut costs without having to lay off faculty or trim education programs, Aaron and Trathen said.
Photograph of Paul Smiths College in the 1950s courtesy of campawful.com