Charter Oak struggles as well, not just Excelsior

[dfrecore]

From 1971 to 1998 The Board of Regent's operated Regent's College as an integral part of the University of the State of New York (New York's Higher Education Department.)  There was no need to offer courses because the University of the State of New York had 250 colleges and universities under its umbrella providing courses.  In 1998 it was renamed Excelsior College and given its own board of directors.  Instead of specializing with its unique mandate, it decided it wanted to be the 251st mediocre school.

Without the support of the other schools, it was on it's own.  It had to start making money.  There's no telling if it was a money-maker in it's former incarnation.