Vocabulary
New Student College Deposit - n - a $500 deposit that students pay to the school, showing their intent to attend St. Mary's. A student who makes this deposit generally attends the school, but some may "melt" and never attend.
The Issue
These deposits are a really good indicator of how many students are actually going to show up in August. This year the school got a lot of applications (in part due to the new Common Application, which makes applying to SMCM as easy as "checking a box") and the college accepted a good number of students. The issue is that not enough students have "accepted" St. Mary's as their choice, resulting in a lower than expected number of "new student college deposits."
Apparently this shortfall comes in the form of about 150~ less deposits than previous years (including last year, which already had a shortfall). The school was looking for around 124~ more in-state and 24~ more out of state students to submit these "new students college deposits," indicating their intent to attend SMCM.
The fallout
This represents, according to indicators, a budget shortfall of approximately $3.5Million.
(Math? 150~ x $23,000 = $3,500,000~)
This is, obviously, a lot of money. And it is going to have a big impact on several areas of campus (more on that later~) and departments and positions. Faculty and Staff had meetings this week where they were briefed with this new information, which has obviously upset many. The new budget (one where $3.5Million has been cut) is being taken to the Board of Trustees this Friday.
How did this happen?
Apparently (according to Anonymous [still don't know who that dude is but they seem to have a lot of opinions]) Urgo has blamed the lack of enrollment on "failures of facilities and faculty curriculum, but it has nothing to do with changes to admissions in the past two years." Could this be the ghost of Rich Edgar, haunting admissions and causing this to happen? Could this be the result of sacking Rich Edgar and Lisa Crowe last year?
"Failures of facilities and faculty curriculum" seems like a tough sell (hello, let's also take a moment to recognize that this quote may not necessarily be accurate nor correct). When students apply to a college, how much do they look into the specifics of the faculty and curriculum? I feel that there is only so much that a prospective student can know without actually sitting in on a classroom, which very few do (or maybe a lot do this, IDK). Does "the failures of facilities" refer to the various mold incidents over the past years (really decades...)? The "Mold Ship" got SMCM a ton of press #allpressisgoodpress.
What about admissions then? According to students working at the admissions office some "early admission" (I did this!) prospective students received their letters of admission until later than usual. Additionally, these students have stated that "counselors have been encouraged to go to private institutions rather than public."
But why? Could it be at the request of Maureen Silva, new (2010) Vice President for Advancement (AKA fundraising) for the college? It's no secret that more rich people go to private high schools, and rich people are probably more likely to give money to the college. Could this shift be part of this issue?
Theory: More public high school students view SMCM as a reach school, whereas more private high school students view SMCM as a safety school. This could explain the lack of students accepting their admission into SMCM. But this is just a theory, one based in stereotypes and assumptions.
Impact
So what does this impact? A lot of things. Less money means smaller budgets. According to the same Anonymous from above (who appears to be "in the know") and other "sources"the following may be cut
- No new staff positions
- No visiting professors
- No sabbaticals
- Boyden Gallery will be closed
- No cost of living adjustments for staff
- Staff job cuts
- Other cuts that will be made throughout the summer
Solution
Is there a solution? Maybe "don't fix what ain't broke" #southernsayings.
The faculty is obviously upset. They want to delay the voting so that there can be faculty input.
Something clearly went wrong here.
You should be
Mad? Scared? Angry? Disappointed. This is all really disappointing and I hope it does not lead to further big changes. I really just want an explanation.
Note:
This is long. I did not proofread. Some of this information may be inaccurate. Comment with thoughts, corrections, etc. <3 br="">3>



