April 2, 2015
A March 26 Forbes article says that in the past decade, 60 small nonprofit colleges have closed their doors as a result of debt pressures. About one-third of the United States’ private nonprofit and for-profit institutions have student bodies of 1,500 or less. And, about half of these schools are having problems related to bond indebtedness. To make matters worse, college and university enrollment has declined for three straight years. If social mood in the US becomes decidedly negative, more small colleges may go under. Forbes says the troubled schools should be viewed as “canaries in the small-college coal mine.”
Read this article for a socionomic perspective on what’s happening in the world of higher education.
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