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Report: More college closures ahead

March 22, 2019

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The backdrop of S&P’s report is the challenging fiscal and market environment in which much of the higher ed world operates. The analysis found full-time-equivalent enrollment declined at 15% of private colleges and at 17% of public colleges for the three years between the fiscal years 2015 and 2017 as online education expanded and prospective students opted instead for employment in an accelerating job market.

Deep financial challenges have followed enrollment drop-offs, with 11% of private colleges experiencing net tuition revenue declines during the 2015-17 period, S&P analysts found.

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