At least 20 colleges closed in 2024, and more are set to shut down after the current academic year, according to the latest tally by Implan, an economic software and analysis company.
Altogether, more than 40 colleges have closed since 2020, according to a separate report by Best Colleges.
More colleges set to close in 2025, while ‘Ivy Plus’ schools thrive (cnbc.com)
The incoming youth cohort is actually shrinking – not enough students to fill all the college seats, especially for those with less prestige and high costs.
Note that for a long time, the percent of students applying to college has been going up. There are not more young people, but more young people who intend to go to college.
Simultaneously, many large employers and government employers say that they will no longer require a college degree for employment. Presidential candidate Harris has said she intends to remove many college degree requirements for Federal jobs.
From the linked story, the costs of college:
I attended a public university – whose costs are reflected in the lower, middle blue line. When I adjusted today’s tuition and fees for inflation, today’s prices, at the colleges I attended, are almost exactly the same as when I went to school. Which surprised me.
It’s the private colleges whose tuition has gotten out of whack with reality.
