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Commentary: Ithaca College’s three-school model is private equity thinking at its worst

Reported by Theithacan
Nov 5, 2026· 3 min read
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Key Takeaways
  • • Guest commentary by Dion Rabouin, a 2008 Roy H. Park School of Communications graduate and former financial journalist, argues Ithaca College's proposed restructuring from five academic schools to three is "poorly conceived, short-sighted and intellectually lazy."
  • • The proposal would merge health, science and technology into one school; communications, business, social sciences and humanities into a second; and music, theater, dance, film and visual arts into a third.
  • • The author contends the plan is a cost-cutting austerity measure driven by budget shortfalls, framed as academic innovation, and draws a parallel to private equity-style restructuring.
  • • Rabouin cites peer cases (West Virginia University, St. Cloud State University, University of Tulsa) where comparable consolidations were followed by enrollment declines, faculty departures or reversal.
  • • The commentary urges students, alumni, faculty and staff to press administrators to abandon the proposal and invest in programs that differentiate the college.
Summary
Ithaca College's proposed reorganization of its five academic schools into three is criticized in a guest commentary by Dion Rabouin, a 2008 graduate of the college's Roy H. Park School of Communications and a former financial journalist who has reported for Reuters, Yahoo Finance and The Wall Street Journal. The piece, published by The Ithacan, argues that the proposal is a cost-containment measure dressed up as academic innovation. Rabouin notes that Provost Melanie Stein has described the goal as "making interdisciplinary real rather than rhetorical," but contends that this framing does not explain the restructuring, which he attributes to the college's budget shortfalls.

Under the plan, health, science and technology programs would be combined into one school; communications, business, social sciences and humanities into a second; and music, theater, dance, film and visual arts into a third. The author notes that the proposal would homogenize course offerings even if it does not initially change degree programs or majors.

Rabouin draws a comparison to private equity practices, which he says emphasize leaner operations, reorganization and financial engineering to improve the bottom line. He cites several institutions that pursued similar consolidation. West Virginia University's 2023 "Academic Transformation plan" eliminated 28 majors and 143 faculty lines, and WVU subsequently saw a nearly 7% enrollment drop alongside faculty departures. St. Cloud State University in Minnesota merged five schools into three, eliminating 42 degrees and 50 minor programs, and has seen a 5% enrollment decline, compared with a 2.3% increase across Minnesota State universities. The University of Tulsa's 2019 "True Commitment" initiative cut 40% of its degree programs, and after a sharp enrollment drop, student protests and a faculty no-confidence vote, the administration dismantled the plan.

The author argues that Ithaca's individual schools, including the Park School, are a competitive asset that helps attract students and build alumni loyalty. He also questions the timing of the proposal, noting that the college faces a presidential transition and several schools are under interim leadership. He calls for decisions of this scale to follow a clear institutional strategy and urges the community to press the administration to withdraw the proposal.

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Theithacan Commentary: Ithaca College’s three-school model is private equity thinking at its worst