A makeover for college: No gym, no meal plan and two years of work
The Greenway Institute is being developed in Vermont as a new model for higher education designed to reduce costs by eliminating administrative bloat and non-academic amenities. The project aims to address the systemic financial instability currently causing many U.S. colleges to close.
Why it matters
This represents a potential structural shift in the U.S. higher education business model in response to a 'mass extinction' of traditional institutions.
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MONTPELIER, Vt. — The buildings that frame a grassy quad on a hill above Vermont's capital city are all red brick and white trim, dating from as far back as the 1870s.
This quintessential college campus from the 19th century is where a group of business, college and government leaders is working on the task of reinventing higher education for the 21st century.
An entirely new college is being planned here to change not only how higher education is delivered, but at what price. It also proposes to highlight ways the current business model no longer works, as evidenced by the 152 colleges and universities that have closed or merged since 2016, and the 442 others that a new projection says are at risk .
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