It is dangerous forecasting the future when underlying assumptions are uncertain and changing importantly daily. That said, I feel fairly confident that we are going to see more colleges and universities close in the next couple of years or so than at any other time in American history. Why?
Even before the Covid-19 pandemic, a large number of universities were in fair to poor financial shape, partly the result of a roughly 11% enrollment decline in U.S. higher education over the last decade (enrollment has fallen at an even greater pace at the lower reputation schools), and partly because of declining public support.
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