At least 16 nonprofit colleges and universities have announced closures this year, signaling an alarming trend in higher education due to enrollment pressures and financial instability.
Officials have cited financial pressures, declining enrollment, and rising operating costs as key reasons for closures, with some colleges facing unique local challenges, such as socioeconomic issues.
Experts anticipate an increase in college closures across the U.S. in the next five years as smaller, tuition-dependent institutions struggle amid ongoing enrollment difficulties.
This year, seven of the closures were religiously affiliated, with Pennsylvania leading in the number of closures, highlighting geographic trends in the crisis.
#college-closures #higher-education #enrollment-decline #financial-pressures #nonprofit-institutions
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