Low enrollment spells closure for many private 4-year colleges

04/25/2014 | Bloomberg Businessweek

The number of small, private four-year colleges that have closed over factors such as low enrollment and high student debt doubled to about 10 between 2008 and 2011, according to a study from Vanderbilt University. Surviving schools are cutting tuition to attract more students, but experts say it may not be enough. "I'm not sure a lot of these institutions have the cushion to experiment with how to stay afloat," said Michelle Weise, a senior research fellow at the Clayton Christensen Institute for Disruptive Innovation.

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