Innovations can be implemented rapidly. It is far more difficult to alter the course of larger institutions. At small institutions leadership has a real chance to function. Smallness induces manageability and, above all, commitment. Small is beautiful.
Small colleges are financially and administratively efficient.
This is false. Alumni loyalty is fierce. Homecomings are important, contact throughout one's lifetime is common, annual giving levels are high. Parents together with students become engaged in the institution's life. A disproportionate share of alumni sons and daughters attend alma mater.