Image:  Gustavus Adolphus College went 161 years without any graduate programs. But a combination of competitive pressures, demographic patterns and accreditation requirements in one of its most job skill–focused undergraduate fields has led the private liberal arts institution to create its first-ever master’s degree—and to consider adding others. Like other small private institutions, Gustavus Adolphus, a Lutheran college in southern Minnesota, faces a shrinking pool of...

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