According to DeMille, GW enrollment is half what it was one year ago. The on-campus program is losing money, while the distance and extension programs are profitable, as is the Monticello development project.
(I'm not sure how a development project can be profitable, unless profit means donations minus expenses. If that's the case, it appears the GW foundation has been taking in handsome donations for the Monticello campus.)
GW has already made cuts and laid off personnel. The school has no endowment (it looks like no headway has been made on the billion dollar endowment goal). DeMille is kicking himself for not seeing this coming, since he knows all about The Fourth Turning.
According to DeMille, in lieu of previous expansion plans announced by Brooks:
Our plan is to keep the Cedar City on-campus component for students who want an on-site experience for any or all of their college years, and to build a small but excellent campus in Monticello that will grow beyond this recession and provide leadership education far into the future. As we grow this, we plan to supplement the online courses with classes and seminars in metropolitan centers like the University of Phoenix has done.
You can read DeMille's entire letter here.
One other thing to point out. In his message, DeMille says
Personally, I have been skeptical of distance programs and a strong believer that campus learning is much better than distance.
Please read up on DeMille's own education in the Wikipedia article linked at left (and here), because by all accounts, his Coral Ridge Baptist University education was entirely distance learning! (See "The First Fifteen Years" by Shanon Brooks; look on p. 9, ¶ 3.)
Not only was CRBU distance learning, but his diploma mill J.D. was (supposedly) obtained the same way. In fact, the only on-campus education I can find in DeMille's history is the time he spent at BYU. But according to Brooks, "as good as the BYU studies had been, the Coral Ridge learning was truly great, much more challenging than anything [DeMille] had ever done or seen." (Brooks, p. 8, ¶ 3)
That's why I find so rich his statement that campus learning is "much better" than distance learning, and that until just recently he has been skeptical of distance programs. There are many other things to point out in his statement, but I thought I'd grab this low-hanging fruit.