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Friday, June 03, 2011

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Hello Richard, thanks for posting this analysis. I'm not sure I agree that the future belongs to big colleges and corporations -- but I do agree with your argument that there are "still places for the small." In fact, I'd argue the "small" are more important than ever -- not to mention thriving in some areas, such as the one you focus on in Iowa.

As a resident of Sioux County in Northwest Iowa (a former Milwaukeean who has had the pleasure of interacting with you in the past as a member of the Milwaukee Journal Sentinel editorial board and who recently returned to work at my alma mater, Dordt College), I'd like to note that a few of your assumptions are a little off or at least misleading.

Northwest Iowa, the area in which Dordt and Northwestern are located, isn't generally losing jobs and population. The town I live in, Sioux Center, is up to about 7,200 people in the most recent census, an increase of about 70% in population over the last 4 decades. Not big numbers, but a consistent story.

Neither college is the primary employer in its town; there are many healthy small and big businesses and industries here.

Also, Iowa's statewide unemployment rate is only 6% currently (compared to a 9% rate nationwide), whereas counties in northwest Iowa have some of the lowest unemployment rates in the state (3.4% for Lyon, 4.0% for Sioux, 4.9 for O'Brien, etc.).

Anecdotally, I have noticed a return of relatively young (30s-ish) professionals from various cities, with their families, into this area.

One other quick point: You note that Dordt and Northwestern run roughly $30k/year for tuition, room, and board, more than for state universities. But here's a more telling statistic: graduates from Dordt College leave with an average of $20,700 in debt, much lower than those at state universities, and tend to graduate from Dordt in just four years.

As further proof of the fact that a high-quality, $30K/year education at Dordt College is actually less expensive and can provide more value than a cheaper one elsewhere, our graduates were recently ranked top in the nation at student loan repayment. (http://www.dordt.edu/cgi-bin/news/get_news.pl?id=4507). This should speak volumes to those who primarily look at college in terms of cost and return on investment.

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