Hundreds of private colleges face closure
The USA TODAY Excerpt episode examined the growing wave of small private college closures after Sterling College in Vermont shut in May. A Huron Group projection identified 442 private nonprofit colleges at risk, about 120 at severe risk, collectively serving roughly 667,000 students, and fewer than half of students at closing colleges finish degrees. Contributing factors include fewer 18-year-olds, doubts about return on investment, rising institutional debt and persistent operating deficits, and the end of pandemic rescue funding. Immediate consequences include students with debt and no credential, loss of youth pipelines for rural communities, and potential taxpayer exposure.
Fewer than half of affected students finish degrees.
Context
Many small private colleges have seen enrollment drop and debt rise. Pandemic funding delayed some closures. More colleges may close as financial pressures persist.
The full analysis
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