Posted September 08, 2018 05:18:29Berkeley Haas, a public university in California, is planning to close down its admissions consultant business as part of an effort to cut costs.
The Haas admissions consulting unit, which has worked with schools such as Cornell, Columbia and UC Berkeley, will close its doors in 2018, Haas President of Admissions Services James A. Schulman said in a statement.
Haas’ decision is a “significant setback” for the consulting business, he added.
“As we have previously announced, Haas will cease all operations of its admissions consultants in 2018,” the statement read.
“The Haas admission consultants have been an integral part of our admissions process and have provided assistance with the admissions process to hundreds of students over the past 20 years.”
Haas will continue to offer education and internship programs at the Haas School of Engineering, according to a release from the university.
The company will also no longer provide services for private and public universities, according the statement.
Harrison College, the oldest and largest private institution of higher education in the United States, also announced its decision to close the admissions consulting division in May 2018.
The college, founded in 1879, has more than 2,700 undergraduate and graduate students.
The university’s decision came after the university’s financial performance in the last fiscal year and the financial challenges facing its community and students, according, the statement said.
Haas’ admissions consultants have helped schools including Cornell, Stanford, Cornell, the University of California and UC Irvine recruit students.
Haas is currently recruiting for admissions positions at UC Berkeley and at Harvard University.
The university’s enrollment, which had nearly tripled between 2011 and 2016, fell by 8 percent to about 14,600 students in that time, according data from the California Department of Higher Education.
The University of Southern California, the largest public university and an elite private institution, has about 11,500 undergraduates.
Haast has also had to deal with its own financial challenges in recent years.
It closed two campuses, one in Berkeley and one in San Francisco, and has been forced to raise tuition, cut funding and sell assets.
In March, Haas was hit with a $100 million settlement from a California Department in Education (CED) audit of the college’s finances.
In the settlement, Haas agreed to pay $100,000 to settle claims that it failed to accurately report its tuition and fees for the 2014-15 academic year.
The settlement also included a $10,000 payment to the California Higher Education Coordinating Council, which manages the college.