More than a quarter of private colleges are at risk of closing, new projection shows — from hechingerreport.org by Jon Marcus
As one Vermont college finishes its last semester, an estimated 442 others may be in trouble
A new estimate projects that 442 of the nation’s 1,700 private, nonprofit four-year colleges and universities, with a combined 670,000 students, are at risk of closing or having to merge within the next 10 years.
More than 120 institutions are at the very highest risk, according to the forecast, by Huron Consulting Group, which analyzed enrollment trends, tuition revenue, assets, debt, cash on hand and other measures. Many are, like Sterling, small and rural.
“We have too many seats. We have too many classrooms,” said Peter Stokes, a managing director at Huron. “So over the coming five to 10 years, this shakeout is going to take place.”