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Small colleges are financially and administratively efficient.A common myth suggests that small colleges - supposedly lacking economics of scale - are by definition less efficient than larger institutions. This is false. In a detailed economic analysis of institutions enrolling fewer than 1000 students, an American Council on Education study failed to find data to support this contention: "The decision of the most appropriate size for a liberal arts college should not be made on economic or financial grounds." "The pessimism that small colleges are doomed to failure because of the burden of a large block of fixed costs is unwarranted," reports an American Council on Education study.
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© 1987 The
Council of Independent Colleges (www.cic.edu)
This Special Report is made possible by a generous grant from the Atlantic Richfield Foundation. This Special Report was published by the Council of Independent Colleges in association with JB Associates Washington, Ltd., Washington D.C. The Council of Independent College (CIC)
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