More than a quarter of private colleges are at risk of closing, a new projection shows
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More than a quarter of private colleges are at risk of closing, a new projection shows
""Now that this might be gone, I just really worry about some students out there that are going to have less and less choices," Keeley said."
""We have too many seats. We have too many classrooms," Peter Stokes, a consultant, stated, emphasizing the oversupply in higher education."
Sterling College in Vermont is closing, highlighting a broader crisis in higher education. An estimated 442 private, nonprofit colleges may close or merge in the next decade, affecting 670,000 students. The analysis by Huron Consulting Group indicates that many at risk are small, rural institutions. Factors include declining enrollment, tuition revenue, and financial health. Students like LillyAnne Keeley express concern over reduced educational choices as these institutions face challenges amid a changing landscape in higher education.
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