Declining High School Graduates Threaten College Enrollment and Institutional Survival
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JumpCrisscross
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Summary
The article discusses the impending 'demographic cliff' in American higher education, where declining high school graduation rates will lead to significant enrollment drops at colleges. With about 4,000 colleges in the US and approximately 60 closing annually, this trend could accelerate dramatically. The analysis suggests that higher education may revert to being a luxury good rather than a democratized opportunity, with smaller regional institutions being most vulnerable to closure due to their reliance on tuition revenue.
Key quotes
· 4 pulledThe 'demographic cliff' is upon us. The number of teenagers graduating from American high schools peaked last year.
The United States currently has about 4,000 colleges. According to a recent study from the Federal Reserve Bank of Philadelphia, about 60 are closing on average each year; that number could double in any given year.
After many decades of democratization, higher education could once again become a luxury good.
The trend is more of a downward slope than an abrupt falloff, but the gradient is steep and represents a crisis to colleges dependent on filling classroom seats and dorm beds.
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