Enrollment at a small Catholic liberal arts college in Radnor, Pennsylvania, had plummeted by over 60% since 2016, leading to severe financial strain due to its reliance on tuition and a small endowment. In June 2022, Helen Drinan assumed the role of interim president at Cabrini University and recognized the urgent need for new revenue streams to address the institution's financial challenges.
Drinan's previous experience at Simmons University in Boston, where she successfully stabilized finances through staff reductions and innovative revenue sources, provided valuable insights. However, despite efforts to implement a similar strategy at Cabrini, the university announced its closure in June 2023.
