News Source
EXCERPT:
Key Takeaways
- A report by Huron Consulting Group indicates that nearly 25 percent of private, nonprofit colleges in the U.S. may face closure within the next decade, potentially affecting 671,000 students and $23 billion in endowments.
- The report attributes financial crises to high tuition prices and an oversupply of college seats relative to student demand, suggesting that some colleges need to reduce tuition to remain competitive.
- Strategic partnerships, including mergers and acquisitions, are recommended to help struggling institutions become more resilient in the current volatile educational landscape.