More colleges face bankruptcy but record wealth at top schools
There is, however, a wide disparity among schools, with less selective institutions – and those serving low- and middle-income students – seeing the biggest drop in enrolments. Community college enrolment experienced the steepest declines, now down 15% since 2019, while highly selective colleges notched enrolment gains – up 3.1% – to return to pre-pandemic levels.
The consequences of fewer students and less tuition revenue could be severe, according to Sam Pollack, a partner and senior member of NEPC’s Endowments and Foundations practice. In fact, 62% of higher education leaders said that is the biggest challenge they now face, according to a recent NEPC survey. Already, a number of small schools have had to shut down entirely.
Full report on the CNBC site