Hampshire College fights for accreditation amid financial concerns

AMHERST, Mass. (WWLP) – Hampshire College is at risk of losing its accreditation following recent action by the New England Commission of Higher Education.

The college must now prove it meets the commission’s standards to maintain its standing. In a letter issued last week, the commission stated it took action against the college at the beginning of the month.

The oversight body indicated that it has reason to believe the school is no longer meeting essential standards, including the ability to organize the resources necessary to achieve its educational purposes.

Several specific factors contributed to the commission’s decision to take action against the school. The oversight body cited the institution’s inability to successfully sustain enrollment growth as a primary concern. Additionally, a planned financial move involving the sale of the Atkins parcel of land fell through.

The college also faces significant financial hurdles regarding its long-term debt and savings. Documents indicate the school has been unable to refinance its $21 million bond debt. Meanwhile, the college’s unrestricted endowment has continued to decline.

Leadership at Hampshire College addressed the commission’s findings in a joint letter. The Hampshire College President Jennifer Chrisler noted that the administration has a long history of cooperation with oversight agencies.

“Throughout Hampshire’s history, leadership has worked productively with our accreditors to plan for, provide and assess our distinctive, student-driven educational model,” Chrisler stated.

The chair of the board of trustees also responded to the commission’s focus on the school’s fiscal health. Chair Jose Fuentes emphasized that the board is actively working to resolve the college’s liabilities. “Ongoing financial viability is the board’s top priority. To that end, we are focused on refinancing the college’s debt,” Fuentes said.

Despite the current review, Hampshire College will maintain its accreditation for the time being. This allows the institution to remain eligible for federal funding, ensuring that students can still receive federal financial aid while the process continues.

Hampshire College is required to present its case for maintaining its status at the commission’s June meeting. The school must demonstrate why its accreditation should not be revoked at that time.