And it is all downhill after 2025:

“Number one, it is the admission cliff, and that is the impending decline [in the number of prospective students]. We’ll be graduating our lowest high school classes by population in 2025. And most enrollment professionals have been wringing their hands about this date of 2025, but many schools have seen those enrollment declines already.”

Source: Why more and more colleges are closing down across the U.S.

The population decline is already hitting public schools with widespread closures of elementary schools, now spreading to middle and high school levels. The earliest phase of the population decline hits colleges right about now.

Coldstreams